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Organisers Announce Shortlist for 2018 Private Equity Africa Awards

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By Dipo Olowookere

Private Equity Africa (PEA) has announced the shortlist for its 7th Annual GP & Advisor Awards (PEA Awards).

A statement issued by the organisers said this year’s Awards Gala Dinner would be hosted at the prestigious 5-Star Langham Hotel in London on Tuesday, June 12, 2018.

This follows the PEA LP-GP Investor Summit, a full day event and the summit includes hosted sector-focused round-tables, lunch discussions and an open room debate session.

The PEA Awards celebrate the achievements in the African private equity market, focusing solely on the best-in-class achievements of investors and advisors in the industry.

The final winners will be selected by an independent panel of highly respected industry participants, based on selections from the London Business School Private Equity Institute and the PEA Awards Nomination Team.

The 2018 PEA Awards have received a record number of entries, the highest since the awards were launched.

Based on 2017 achievements, the self-entries are complemented by editorial recommendations from the Private Equity Africa team and industry data.

According to the Awards Chair and Editor of Private Equity Africa, Gail Mwamba, “The PEA Awards are growing from strength to strength with a record number of entries this year, the most we have received since the launch of the awards.

“The high quality of the entries we have received shows the industry’s resilience in continuing to deploy capital and execute world-class deals, even in challenging market conditions.”

Below is the awards shortlist by category

GP AWARDS                 

HOUSE OF THE YEAR

SUBCATEGORIES: SSA, Regional & Specialist

    ACA

    Actis

    AfricInvest

    Amethis

    Capitalworks

    Carlyle

    DPI

    Ethos

    Helios

    Investec Asset Management

    LeapFrog

    Mediterrania Capital Partners

    Old Mutual Alternative Investments

    Verod

    XSML

DEAL OF THE YEAR

Large-Cap

    Abraaj – Tunisie Telecom

    Actis – Honoris

    Carlyle – Shell Gabon

    DPI – Atlantic Business International

    Harith – Sheltam

    Helios – GBFoods Africa

    Milost Global – Eco Medical

Mid-Cap

    8 Miles – Blue Skies

    AfricInvest – Britam

    Alta Semper – Macro Pharmaceuticals

    Amethis – Groupe Premium

    Apis – Greenlight Planet

    Atlas Mara – Union Bank Nigeria

    Capitalworks – Minet, Petmin, Sovereign Food

    Carlyle – GCR

    EMR – Capital Lubambe

    EuroMena – Retail Holding

    Investec Asset Management – Kamoso

    Medu Capital – HeroTel

    Sanlam – JAB Dried Fruit

    TA Associates – Interswitch

Small-Cap & Venture Capital

    4Di Capital – Sensor Networks

    AFIG – Tecnicil

    African Rainbow Capital – A2X Markets

    AfricInvest – ICS

    Agile Capital – Goldrush

    Algebra Ventures – ElMenus

    Alta Semper – Health Plus

    Argentil – Chocolate City Express

    Ascent Capital – Kisumu

    Catalyst – Jambo Biscuits

    DiGAME – 10X Investments

    Draper Associates – BitPesa

    Energy Access Ventures – SunCulture

    Enko – AMI International, Ecobank

    I&P – Societe Malienne de Blanchisserie

    Kalon Venture Partners – i-Pay, SnapnSave

    Kibo Capital – Tropigalia

    Kleoss Capital – Debt Rescue

    Knife Capital – Quicket

    LeapFrog – AllLife

    Lereko & Metier – Butama

    Moringa –  Tolaro

    Musa Capital – Swanib Cables

    Oasis Capital – Legacy Girls College

    Old Mutual Alternative Investments – Faircape Life Right

    Pointbreak – Khomas Solar Saver

    Quona Capital – AllLife

    Sahel Capital – Crest Agro

    Synergy Capital – Dimension Data, Northstar

    Teranga Capital – OuiCarry

    Verod – Oreon Education

    XSML – Monishop

Debt

    AfricInvest – Carbon Holdings

    Injaro – AviNiger

    Investec Asset Management – Akuo Kita Solar

    Moringa – Tolaro

    Old Mutual Alternative Investments – Sifiso Education

    TLG – BAJ Stations

    Vakayi – Homelux

    Vantage – Purple Capital

    XSML – Monishop

Infrastructure

    AHL – PowerGen

    AIIM – Albatros, Starsight

    Black Rhino – Qua Iboe Power Plant

    Denham – Te Power

    DOB Equity – PowerGen

    Helios – Starsight

EXIT OF THE YEAR

SUBCATEGORIES: Large, Medium, Small-Cap, Landmark

    Actis – Edita

    AfricInvest – Comete Engineering, Tunisian Health Care Centers

    Capitalworks – Much Asphalt

    CDG Capital – Intelcia

    Convergence Partners – Dimension Data Middle East & Africa

    DiGAME – Getsmarter

    DOB Equity – Joseph Initiative

    DPI – CAL Bank

    ECP – Java House

    EXEO Capital – Fairfield Dairy

    Injaro – Nafaso

    Investec Asset Management – Daraju

    Lereko & Metier– AE AMD Renewable Energy

    Mediterrania Capital Partners – San Jose & Lopez

    Standard Chartered Private Equity –  CEC Zambia, ETG, Kamoso

PORTFOLIO COMPANY OF THE YEAR

SUBCATEGORIES: Innovation, Improvement, Development & Social Impact

    8 Miles – Awash Wine

    Actis – Honoris

    AfricInvest – Esprit

    Argentil – Winchester Farms

    Carlyle – J&J Africa

    DPI – KMR Holding Pdagogique

    Duet – Dashen Brewery

    ECP – Oragroup

    Fanisi – Haltons

    Helios – Interswitch, HTA

    Injaro – Agricare Ghana, Gold Coast Fruits

    LeapFrog – Goodlife

    Mediterrania Capital Partners – Medtech

    Quona – Zoona

    TLG – MyBucks, Cipla Quality Chemicals

    Verod – Central Securities Clearing Systems

    Zebu – Topcrust Bakery

ADVISOR AWARDS

Legal Advisors

Global Legal Advisors

SUBCATEGORIES: Overall, Funds, Transactions & Single Deal

    Akin Gump

    Allen & Overy

    Baker McKenzie

    Charles Russell Speechlys

    Cleary Gottlieb Steen & Hamilton

    Clifford Chance

    Cuatrecasas

    Debevoise & Plimpton

    Dentons

    DLA Piper

    Eversheds Sutherland

    Foster Pepper

    Freshfields Bruckhaus Deringer

    Herbert Smith Freehills

    Hogan Lovells

    Latham & Watkins

    Linklaters

    Norton Rose Fulbright

    O’Melveny

    Orrick, Herrington & Sutcliffe

    Simmons & Simmons

    White & Case

Local & Frontier Legal Advisors

SUBCATEGORIES:Overall, Funds, Transactions & Single Deal

    Aluko & Oyebode

    Anjarwalla & Khanna

    Banwo & Ighodalo

    Bentsi-Enchill, Letsa & Ankomah

    Bowmans

    Cliffe Dekker Hofmeyr

    ENSafrica

    Olajide Oyewole

    Musa Dudhia & Co

    The New Practice

    Udo Udoma & Belo-Osagie

    Webber Wentzel

    Werksmans Attorneys

Financial Advisors

Global Financial Advisors

SUBCATEGORIES: Overall & Single Deal

    Crossboundary

    Deloitte

    EY

    KPMG

    Marsh

    PwC

    Rothschild & Co

    Taylor Collison

Local & Frontier Financial Advisors

SUBCATEGORIES: Overall & Single Deal

    CI Capital Investment

    EFG Hermes

    Merchantec Capital

    Meziou Knani & Khlif

    Pangaea Securities

    Perigeum

    Viva Africa

Other Advisors

    ABSA Capital

    EBS Advisory

    ERM

    Stanbic IBTC

Fund Administrators

    Abax Services

    Augentius

    Axis

    Intercontinental Trust

    Maitland

    SANNE

    SGG

    Trident Trust

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Navy Launches Operation Delta Sentinel to Achieve 2.5mb/d Oil Output

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Utapate crude oil blend

By Adedapo Adesanya

The Nigerian Navy has launched Operation Delta Sentinel, a new maritime security initiative designed to curb crude oil theft, secure critical oil assets and support the federal government’s ambition to ramp up crude production to 2.5 million barrels per day by 2027.

The operation, which replaces Operation Delta Sanity II, was formally unveiled at the Nigerian Navy Ship (NNS) Pathfinder Jetty in Port Harcourt, marking a renewed push to stabilise the Niger Delta and protect Nigeria’s oil-dependent economy.

Speaking at the launch, Commander Task Group 26.1, Operation Delta Sentinel, Rear Admiral Suleiman Ibrahim, said the initiative was aligned with the Federal Government’s drive to boost oil exploration and production under the Project 1 Million Barrels Per Day initiative of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

“The transformation from Operation Delta Sanity II to Operation Delta Sentinel is necessitated, among other considerations, by the Federal Government drive to increase oil exploration and production,” he said, adding that, “It is further anticipated that oil production would be about 2.5 million barrels per day by 2027.”

Rear Admiral Ibrahim, who is also the Flag Officer Commanding, Central Naval Command, said Operation Delta Sentinel would run for an initial one-year period, subject to 90-day renewable mandates, and would focus on denying criminal networks access to Nigeria’s maritime and oil infrastructure.

“Our objective is clear and unambiguous: to deny criminal elements freedom of action, protect critical national oil assets, support legitimate economic activities and contribute to enduring peace and stability in the Niger Delta,” he stated.

He explained that the operation would rely heavily on intelligence-driven missions, enhanced inter-agency collaboration and advanced surveillance tools, including Maritime Domain Awareness infrastructure, new maritime platforms, and manned and unmanned air assets.

“Our approach will be deliberate, innovative and technology-enabled. These capabilities will enable us to optimise asset utilisation, improve situational awareness and maintain a proactive operational posture,” he added.

The Navy said early indicators already show progress, noting that crude oil losses have dropped by about 90 per cent, from 102,900 barrels per day in 2021 to 9,600 barrels per day as of September 25.

Earlier, Flag Officer Commanding, Eastern Naval Command, Rear Admiral Chiedozie Okehie, highlighted the achievements of Operation Delta Sanity II, which was launched on December 30, 2024, to combat crude oil theft, illegal bunkering and pipeline vandalism.

“Operation Delta Sanity II lived up to expectations and made measurable contributions to national security and economic stability,” the Naval commander said.

According to him, between January 1 and December 31, 2025, the operation led to the arrest of 203 suspects, the deactivation of 324 illegal refining sites, and the seizure of stolen petroleum products valued at over N3.65 billion.

“An estimated 3.78 million litres of stolen crude oil, over 1.09 million litres of illegally refined AGO, 86,210 litres of PMS and 74,300 litres of kerosene were seized and appropriately handled,” he disclosed.

Rear Admiral Okehie added that the Navy’s operations, supported by collaboration with regulators, security agencies, oil industry stakeholders and host communities, contributed to a significant decline in crude oil losses, with NUPRC reporting the lowest loss levels since 2009 in September 2025.

With Operation Delta Sentinel now in force, the Navy said it is positioning itself as a key enabler of Nigeria’s oil production growth, investor confidence and long-term stability in the Niger Delta.

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NUPRC, NRS Seal Oil Revenue Alliance Under New Tax Laws

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NUPRC

By Adedapo Adesanya

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have moved to formalise a closer working relationship under the country’s new tax regime to ensure that upstream oil and gas revenues get tighter oversight and improved collection.

The renewed revenue alliance was activated when the chief executive of NUPRC, Mrs Oritsemeyiwa Eyesan, paid a strategic visit to the chairman of NRS, Mr Zacch Adedeji, at the tax agency’s corporate headquarters in Abuja.

The engagement comes less than two weeks after new tax laws took effect on January 1, 2026, mandating deeper collaboration between sector regulators and revenue authorities in the collection of oil and gas proceeds accruing to the Federation.

Speaking during the meeting, Mrs Eyesan said the engagement was part of her post-assumption consultations aimed at aligning the upstream regulator with critical national revenue institutions.

“With the new tax laws now in force, it is important that NUPRC and NRS work in close coordination to ensure that oil and gas revenues due to the Federation are fully captured,” Mrs Eyesan said.

“Our mandate goes beyond regulation. It includes ensuring transparency, efficiency and accountability in revenue flows from upstream petroleum operations.”

She stressed that effective collaboration between both agencies would strengthen compliance, reduce leakages and support government revenue targets at a time of heightened fiscal pressure.

On his part, Mr Adedeji said the tax authority was committed to working with sector regulators to maximise revenue mobilisation under the evolving legal framework.

“The oil and gas sector remains critical to Nigeria’s revenue base, and collaboration with NUPRC is essential to meeting government revenue targets,” Mr Adedeji said.

“With clearer laws and better data-sharing between our institutions, we can significantly improve collection efficiency and enforcement.”

Both agencies agreed to deepen cooperation through information sharing and coordinated operational strategies, in line with the provisions of the new tax laws governing petroleum operations.

The meeting concluded with a shared resolve by NUPRC and NRS to prioritise national interest, tighten revenue assurance mechanisms and ensure that Nigeria derives maximum value from its upstream petroleum resources.

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Applications for Second Cohort of Moniepoint’s DreamDevs Initiative Open

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Moniepoint’s DreamDevs Initiative

By Modupe Gbadeyanka

To double down on Africa’s tech talent pipeline, the continent’s leading digital financial services provider, Moniepoint Incorporated, has opened applications for the second cohort of its flagship transformative programme, DreamDevs initiative.

A statement from the organisation disclosed that entries are expected to close on Tuesday, January 20, 2026, and should be submitted via dreamdevs.moniepoint.com.

Selection will be based on technical aptitude, learning potential, and alignment with Moniepoint’s values of innovation and excellence.

DreamDevs was created to bridge the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.

Each year, just 20 high-potential candidates are selected into an intensive bootcamp, with the strongest performers progressing into internship and full-time roles at Moniepoint.

Last year’s cohort delivered four hires – three interns and one full-time engineer – validating the programme’s role as a high-impact talent pipeline.

Targeting graduates from technology, computer science, engineering, and related fields with foundational programming knowledge in HTML, CSS, and JavaScript, DreamDevs offers a rigorous nine-week boot camp that immerses participants via hands-on training from leading software engineers. Standout performers will secure six-month internship placements at Moniepoint, with potential progression to full-time employment based on performance.

“The results from our first cohort validated our belief that with the right training and support, Africa’s young tech talent can compete globally.

“This year, we’re doubling down on our commitment by aiming to convert half of our participants into full-time employees. For us, DreamDevs is all about creating sustainable career pathways that drive Africa’s digital economy forward,” the co-founder and Chief Technology Officer at Moniepont, Mr Felix Ike, said.

“We’re proud to support the government’s vision of building three million technical talents while also creating direct employment opportunities through initiatives like DreamDevs. This multi-faceted approach ensures we’re contributing to national goals while simultaneously addressing our industry’s immediate talent needs.

“By investing in young people and providing them with practical experience, startup incubation support, and product development opportunities, we are not only creating high-impact jobs and driving sustainable economic growth across the continent,” he added.

Sharing his experience, a member of the first cohort and now a Backend Engineer at Moniepoint, Mr Victor Adepoju, said, “The organisation of the programme was top-notch. The training covered a wide range of topics and provided a solid foundation I could continue to build on.

“I learned a great deal about cloud technologies, particularly Google Cloud Platform. The program also emphasised valuable soft skills, including planning, organisation, and prioritisation, which have been very useful in my day-to-day work.”

DreamDevs aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag that produces 500 specialised developers annually across software engineering, intelligent systems, and IoT/embedded systems as well as its hugely popular, Women-in-Tech which is now in its fifth year. The initiative is also in tandem with the federal government’s 3 Million Technical Talent (3MTT) programme, for which Moniepoint serves as a key sponsor. While the 3MTT programme focuses on mass technical skills training across Nigeria, DreamDevs provides a specialised pathway that takes graduates from foundational training through to employment, creating a complete talent development ecosystem.

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