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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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Middle East Crisis: AfDB, Others Task Africa on Long‑term Structural Reforms

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Africa Long‑term Structural Reforms

By Dipo Olowookere

The need for Africa to protect itself from many external shocks not of its making has again been emphasised by the African Development Bank (AfDB), the African Union Commission (AUC), the United Nations Development Programme (UNDP), and the UN Economic Commission for Africa (UNECA).

On the margins of the 58th session of the Economic Commission for Africa in Tangier, Morocco, the continent was tasked to strengthen regional integration, accelerate African-led financial solutions, and invest decisively in energy, food, and trade resilience so as to move from vulnerability to preparedness.

The meeting focused on the spikes in energy, food and fertiliser prices caused by the ongoing conflict in the Middle East.

The United States and Israel launched airstrikes on Iran in February 2026, and since then, global oil prices have surged by more than 50 per cent as of late March. Twenty-nine currencies in Africa have weakened, raising the cost of servicing external debt and importing food, fuel, and fertiliser.

Disruptions linked to Gulf energy supplies limit access to ammonia and urea during the critical March–May planting season. This will affect agricultural production, compounding risks of crisis and emergency levels of food insecurity, especially for low‑income households and import‑dependent economies.

To address these issues, the quartet has asked African leaders to, in the short-term, stabilise fuel, food, and fertiliser supply, and execute medium‑term reforms to strengthen energy security, targeted social protection, and regional trade under the African Continental Free Trade Area (AfCFTA).

They also tasked leaders to come up with long‑term structural reforms towards stronger domestic resource mobilisation and African financial safety nets, including accelerated implementation of the African Financing Stability Mechanism.

“Continued escalation of the conflict worsens global instability, with serious implications for energy markets, food security, and economic resilience, particularly in Africa, where economic pressures remain acute,” the chairperson of AUC, Mr Mahmoud Ali Youssouf, said.

Also commenting, the UN Under-Secretary-General and Executive Secretary of UNECA, Mr Claver Gatete, said, “Africa has been hit by too many external shocks not of its making. Crises like this reinforce why Africa must finance more of its own future and strengthen regional solutions that build resilience before the next shock hits.”

On her part, the UN Assistant Secretary‑General and Director of UNDP’s Regional Bureau for Africa, Ms Ahunna Eziakonwa, submitted that, “With the right mix of policy choices, financing tools, and political resolve, Africa can weather this shock and emerge more resilient, more self-reliant, and better positioned to shape its own economic future.”

“As global crises multiply, Africa’s response must evolve from managing shocks to fostering resilience. African institutions and development partners need to act swiftly and in concert, leveraging their comparative advantages to cushion short-term shocks while laying the foundations for long-term resilience,” the president of AfDB, Mr Sidi Ould Tah, stated.

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Oyetola Sets Accountability Bar for Maritime Agencies

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gboyega oyetola

By Adedapo Adesanya

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results.

Mr Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 first-quarter stakeholders’ engagement in Lagos on Thursday, where he emphasised the need for performance-driven governance.

“Let me emphasise that all Departments and Agencies under the Ministry must remain firmly focused on delivering tangible results,” he said.

In a statement by Mr Bolaji Akinola, Special Adviser to the Minister, Mr Oyetola noted that performance bonds to be signed during the retreat are binding commitments that will be closely monitored and rigorously evaluated.

“These are not ceremonial documents. They are binding commitments. Accountability will not be optional,” the Minister declared.

Mr Oyetola reiterated the need for data-driven decision-making, robust monitoring and evaluation frameworks, and alignment with the Ministry’s strategic objectives.

“At the institutional level, we must remain disciplined and accountable. Every department and agency must deliver measurable outcomes,” he added.

He explained that the retreat was designed to foster alignment between policy formulation, implementation, and stakeholder expectations.

“The integration of this engagement enables us to listen, reflect, and recalibrate,” he said.

The agencies include the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Shippers’ Council (NSC), National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, and the Council for the Regulation of Freight Forwarding in Nigeria.

He also announced a 160 per cent increase in revenue generated by agencies under the ministry, attributing the growth to sweeping reforms and a renewed focus on accountability.

“In 2023, our agencies generated N700.79 billion. By the end of 2025, this figure had risen to approximately N1.83 trillion. This remarkable achievement is the result of deliberate and sustained reforms,” he stated.

The Minister explained that the gains were driven by strengthened regulatory oversight, improved revenue assurance mechanisms, digitalisation of key processes, and a firm commitment to blocking leakages.

“This gathering reflects our commitment to a governance approach that is inclusive, transparent, and results-driven,” he added, noting that the convergence of stakeholders, policymakers, and institutional leaders was designed to align policy with implementation and public expectations.

Mr Oyetola linked the ministry’s improved performance to broader sectoral reforms, including port modernisation, approval for disbursement of the Cabotage Vessel Financing Fund (CVFF), and ongoing efforts to enhance indigenous participation in maritime activities.

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Presidency Explains Reason Tinubu Met Jos Attack Victims at Airport

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Tinubu Angwan Rukuba jos victims

By Modupe Gbadeyanka

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, has explained why Mr Bola Tinubu addressed the victims of the Plateau attacks at the airport on Thursday evening.

The decision of President Tinubu to console victims of the attacks, which left over 20 persons dead, at the Yakubu Gowon Airport in Jos last night has continued to generate reactions.

He was criticised for not visiting the victims at the epicentre, Angwan Rukuba, instead of having them to travel to meet with him at the airport.

In a statement on Friday, Mr Onanuga said his principal’s itinerary for yesterday included two main engagements: receiving the Chadian President, Mahamat Idriss Déby Itno, and proceeding to Iperu, Ogun State.

“After Governor Caleb Mutfwang’s briefing, President Tinubu suspended the trip to Ogun. Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed. However, the President could not postpone the scheduled visit by the Chadian leader.

“The President of Chad was at the Presidential Villa for a very important bilateral meeting focused on strengthening security collaboration between the two countries. The meeting ran longer than expected, affecting President Tinubu’s scheduled departure for Jos.

“Upon arrival in Jos, the visit encountered some logistical challenges. While the road distance from the airport to Jos township is approximately 40 minutes, the runway does not support night flights due to the absence of navigational aids. The constraints made it unfeasible to drive into town,  meet victims for on-the-spot assessment and return to the airport before dusk.

“Consequently, state and federal officials decided to bring representatives of the affected community to a hall adjoining the airport so the President could meet with them promptly while adhering to flight restrictions. Among the people in the hall were the Minister of Defence, the Chief of Army Staff and the Inspector General of Police, who had visited Rukuba, the epicentre of the conflict.  President Tinubu deployed the high-level team to Rukuba, including the Senior Special Assistant on Community Engagement, to undertake critical groundwork on security and community engagement, with a view to stabilising the area before his arrival.

“Beyond expressing his condolences to the victims, President Tinubu’s objective was to engage with critical stakeholders in Plateau State on ending the recurring, decades-old conflict that has resulted in needless loss of lives and property.

“President Tinubu’s visit to Jos was not merely symbolic. It was a strategic, high-level engagement aimed at bringing all stakeholders together to address the root causes of conflict and insecurity in the state.

“He interacted with the victims, consoled them, and listened to them. He also listened to local leaders and assured them that the federal government would deliver justice and end the cycle of violence. He promised the deployment of 5000 AI-enabled cameras to monitor the city and enhance the identification and arrest of troublemakers.

“Furthermore, the President invited the community leaders to Abuja for further talks on finding a lasting solution to the recurring violence in the state.

“The meeting, televised live, was solemn and reassuring, boosting residents’ confidence. President Tinubu achieved the purpose of his visit, despite the naysayers’ attempts to ridicule it. He dropped an unmistakable message:  sustainable peace must be built with the people, not imposed on them,” the presidency explained.

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