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UK’S MOBILIST sells shares in InfraCredit to pension funds

The UK’s MOBILIST programme on Monday said it has successfully traded its investment in Nigerian credit guarantee company InfraCredit to five Nigerian pension funds, thereby helping to mobilise more local institutional investment toward infrastructure development critical to the country’s growth. MOBILIST’s exit represents the biggest trade in InfraCredit’s shares since its listing by introduction on…

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UK development agency boosts Nigeria’s cocoa sector with $40.5m cash

The United Kingdom’s development finance institution, British International Investment (BII), has approved $40.5 million investment to an agribusiness and manufacturing conglomerate, Johnvents Group, to boost cocoa production, enhance global export capabilities, and create economic opportunities for Nigerian farmers. The investment is also targeted at supporting Johnvents Group’s sustainability goal to achieve 100 per cent traceable…

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