ACA announces the sale of Cornerstone Tower
African Capital Alliance (“ACA”) today announced the sale of Cornerstone Tower, an A-grade office building in Lagos, to Everty, a strategic investor that focuses on acquisition and development of prime real estate around the world. ACA’s pioneer Real Estate Fund, Capital Alliance Property Investment Company (“CAPIC”) made the investment in partnership with Cornerstone...
ACA portfolio companies listed in Inspire Africa 2019 report
Source: LSEG
July 8, 2019, Lagos, Nigeria – A number of ACA Portfolio Companies have been listed in the CDC/London Stock Exchange Group Companies to Inspire Africa 2019 Report:
Bankers Warehouse Plc
Beloxxi Industries Ltd.
FilmHouse Ltd
Niger Delta Exploration and Production Plc
Swift Networks
Click the link to read more on the full report...
MTN lists on Nigeria Stock Exchange
July 8, 2019, Lagos, Nigeria – MTN Nigeria has been listed on the Nigeria Stock Exchange by way of Introduction in May 2019, and the shares would be open to Nigerian investors as part of the second phase of the listing. This means that the company was listed in the initial phase, without any public offer or sell-down or initial public offering.
The President and CEO...
Cornerstone Tower IFC Edge Certification
The Cornerstone Tower, one of the investments from ACA’s Real Estate Fund, Capital Alliance Property Investment Company (CAPIC), achieved a preliminary EDGE certification on April 5, 2019. Cornerstone Towers is the first commercial building to achieve the EDGE certification in Nigeria and this was merited based on the resource-efficient design of the building which will...
BBC news spotlight on the growing demand for cinemas in Nigeria
Source: BBC News
June 6, 2019, Lagos, Nigeria – The management of FilmHouse were featured in an BBC interview on the growing demand for cinemas in Nigeria. Click link to watch the interview. https://www.bbc.com/news/av/business-48480401/growing-demand-for-cinemas-in-nigeria
Filmhouse team selected to join the Endeavour Network
April 30, 2019, Lagos, Nigeria – ACA Portfolio Company, Filmhouse, led by Kene Okwuosa and Moses Babatope, have been selected to join the Endeavour Network.
Endeavour is a global network of entrepreneurs in 34 countries. The CEO of Endeavour Nigeria, Ms. Eloho Oname, confirmed that the selection panel was very impressed with the Filmhouse team and are excited to work with...