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Week commencing 5 August
The Nigerian Stock Exchange (NSE) has delisted the entire issued share capital of First Aluminium Nigeria following the company’s request for voluntary delisting. First Aluminium said it was delisting because neither it nor any shareholder had benefited from the listing over the past seven years.
Vanguard Nigeria 21 July
Zola Electric has announced a partnership with OVH Energy. Zola CEO Bill Leniham says the partnership plans to enable easier access to renewable energy products across Nigeria. Leniham expects the partnership to reach millions of Nigerian homes and businesses with its solar power solutions.
The Guardian Nigeria 31 July
Marketing services firm ScanGroup is set to sell two subsidiaries for more than $23m in a deal that that was triggered by a related transaction involving its London-based parent, WPP Plc. WPP recently announced it would sell a 60% stake in its global data research firm, Kantor, to Boston-based private equity firm Vain Capital for $4bn.
Business Daily 31 July
Energy Access Ventures, an investor in smart infrastructure in Africa and ElectriFI, a financial facility funded by the EU, has co-invested in Solarise Africa – a pan-African clean energy company.
Liquid Africa 31 July
Woolworths has closed two stores in Accra – the second time in six years that the South African-based retailer has exited an African market after it pulled out of Nigeria in November 2013.
Reuters 1 August