30 results
- 6 Jun 2016
Actis Raises Over $500m For New African Real Estate Fund
Actis, a leading growth markets investor, said that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments…
- 26 Nov 2015
Actis Completes $62m Investments in Nigeria’s Sigma Pensions
Actis, the global pan-emerging markets investor on Thursday completed an investment of $62 million for a majority stake in Sigma Pensions (“Sigma”), a leading Pension Fund Administrator (“PFA”) in…
- 21 Aug 2014
Kunoch Holdings Buys Diamond Bank Stake from Actis, CDC Group
Actis, and CDC Group, two major private equity firms have sold their 14.79% stake in Diamond Bank Plc to Kunoch Holdings, according to a statement on the bank’s website. The statement read: “Diamond…
- 14 Sept 2015
Actis Announces Globeleq Africa Exit
Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the leading power generation platform in Africa, to a company owned by…
- 3 Mar 2020
Actis Acquires Majority Stake in Rack Centre
Actis, a leading investor of private capital into global emerging markets announced it has acquired a majority stake in Rack Centre, Nigeria’s leading provider of data centre colocation and cloud…
- 14 Apr 2009
Acti-Tech Boss Bags ICT Award
Peter Madu, managing director/CEO, Acti-Tech, has been awarded for excellence by Beyerdynamic, a German based ICT company. Receiving the award, Madu said his company will continue to revolutionize…
- 10 Oct 2016
Actis $300m Investment Boosts Amaya Capital Azura Power Generation Platform
Amaya Capital, the African-focused principal investment firm is has announced over $300m of equity commitments in its power generation platform. The new investment follows the acquisition by growth…
- 29 Oct 2024
ACTIS Threatens MTN with Loss of 80m Subscribers if It Hikes Tariff
Association of Telephone Cable TV And Internet Subscribers of Nigeria (ATCIS), has warned MTN Nigeria, the largest mobile network operator in Nigeria, to desist from increasing its tariffs or else it…
- 16 Jun 2022
Rack Centre now First IFC EDGE Certified Data Centre in Europe, Middle East and Africa
Rack Centre, an Actis majority owned data centre and the leading carrier-neutral Tier III data centre in West Africa, has become the first International Finance Corporation (IFC) EDGE certified data…
- 17 Nov 2015
Hyprop & Attacq Acquire 100% Interest in Nigeria’s Ikeja City Mall
Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group…
- 19 Jun 2022
Rack Centre Becomes the First IFC EDGE Certified Data Centre in Europe, Middle East and Africa
Rack Centre, an Actis majority owned data centre and the leading carrier-neutral Tier III data centre in West Africa, has become the first International Finance Corporation (IFC) EDGE certified data…
- 29 Jun 2009
Research & Development Key to ICT Growth ---Madu
Engr, Peter Madu, chief executive officer of ACTI-Tech Limited is a thorough breed engineer in electrical electronics. Within his over 20 years working experience in engineering and computer, he has…
- 22 Aug 2022
Rack Centre Achieves ISO 45001 Certification, Promises Continued Improvement in its Operating Environments
Rack Centre, an Actis majority owned data centre and the leading carrier and cloud -neutral Tier III data centre in West Africa, has obtained the BSI ISO 45001 certification. The BSI ISO 45001…
- 20 Jun 2014
IFC Supports Nigeria’s Business Infrastructure with $9.5m Investment
IFC, a member of the World Bank Group, yesterday announced a $9.5 million investment in Jabi Lake Mall to support demand for modern business infrastructure and retail space in Abuja, Nigeria. The…
- 31 Aug 2020
Rack Centre Unveils $100m Expansion Plan
Rack Centre, West African carrier neutral data centre operator has unveiled an expansion programme that will increase its capacity to a total net lettable white space of 6000 square metres and allow…
- 17 Mar 2026
ATCIS Urges FG to Ensure Safety of Consumers Data
Association of Telephone, Cable TV, and Internet Subscribers of Nigeria (ATCIS) non-profit consumer rights group dedicated to protecting the rights, interests, and welfare of telecommunications…
- 1 Sept 2008
Battle for Supremacy Among CDMA Operators
The introduction of Unified Access License by Nigerian Communications Commission (NCC) in 2006 after the expiration of exclusivity right given to Global System for Mobile communication (GSM)…
- 8 Sept 2010
CDMA Operators and Strategies for Survival
The granting of United Access License by Nigeria Communications Commission (NCC) in 2006 after the expiration of exclusivity right given to Global System for Mobile communication (GSM) operators was…
- 21 Jan 2015
Vlisco Group Signs MoU with FG to Operate Across Cotton, Fashion Sector
Vlisco Group, a Dutch textile and design company, on Tuesday signed a Memorandum of Understanding with the Federal Government of Nigeria, creating a platform for significant expansion in Africa’s…
- 4 Jul 2016
Broll Converges Experts To Discuss Growth Prospects for Retail Sector
Broll Property Services Nigeria, the country’s leading Property Services Company hosted retail industry experts to a roundtable forum to discuss the growth prospects in the retail industry at…
- 7 Feb 2021
AFR-IX Telecom, Global ISP Establishes Regional Point of Presence (POP) @ Rack Centre
AFR-IX, the global Internet Service Provider with service coverage in over 50 countries in Africa, delivering Internet and data services to Enterprises, International Carriers and Telecommunication…
- 15 Feb 2021
AFR-IX Opens PoP @ Rack Centre
AFR-IX, Internet Service Provider (ISP), has established its major Point of Presence (PoP) in Rack Centre, West Africa’s carrier neutral Tier III data centre. Mr Norman Albi, founder/chief executive,…
- 31 Oct 2022
Sigma Pensions Targets Market Dominance with Access Corporation Acquisition
The acquisition of Sigma Pensions by entities controlled by Access Corporation (Parent Company of Access Bank) will position it as the fourth largest Pension Fund Administrator (PFA) in Nigeria after…
- 4 Nov 2023
Subscribers Push for Boycott of Multichoice Services over Fresh Tariff Hikes
Some Nigerians have urged subscribers of Multichoice Nigeria, operators of DStv and GOtv, to boycott the firm while petitioning the federal government, regulatory agencies, and the National Assembly…
- 8 Nov 2020
Heficed the Global Cloud Solutions Provider Hosts its Platform at Rack Centre
Heficed, the global technology company providing bare metal and cloud services, that foster true long-term relationships with its customers across several industries, announces the hosting of its…
- 29 Sept 2015
Johnson Joins TLcom Capital to Open Lagos Shop, to Lead W/Africa Investments
Venture capital firm TLcom Capital (TLcom) has announced the appointment of Omobola Johnson the ex-minister of Communications in Nigeria, as a general Partner to open and head their new office in…
- 3 Sept 2014
She Leads Africa Hosts Most Talented Women Entrepreneurs Show
She Leads Africa, a social enterprise dedicated to fostering the spread of business growth and ideas in Africa, is hosting its inaugural Entrepreneur Showcase. The Entrepreneur Showcase holds on…
- 19 Nov 2013
Worries over Arrests of Top Bankers for Alleged Terrorist Financing
The banking industry and State Security Service (SSS) are embroiled in claims and denials over the continued detention of senior personnel of 13 Nigerian banks for alleged terrorist financing and…
- 1 Dec 2022
Cloud Services Take Nigeria and Africa by Storm
By Stephen Okoye I recently sat on a panel to discuss the adoption of cloud computing in Nigeria and Africa and seeing the overwhelming optimism about cloud services among the panel and audience, I…
- 11 Aug 2008
Prof. Arzac, Others Join Starcomms Board
In the wake of its listing as a public quoted company on the floor of the Nigerian Stock Exchange, two eminent Professors and Economists have joined the Board of Directors of Starcomms Plc as the…