General
Organisers Announce Shortlist for 2018 Private Equity Africa Awards
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
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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