Filmhouse team selected to join the Endeavour Network
April 30, 2019, Lagos, Nigeria – ACA Portfolio Company, Filmhouse, led by Kene Okwuosa and Moses Babatope, have been selected to join the Endeavour Network.
Endeavour is a global network of entrepreneurs in 34 countries. The CEO of Endeavour Nigeria, Ms. Eloho Oname, confirmed that the selection panel was very impressed with the Filmhouse team and are excited to work with the company in achieving its expansion objectives.
Click link to read more https://endeavor.org/blog/events/endeavor-selects-40-entrepreneurs-17-markets-87th-international-selection-panel-madrid/
ACA portfolio, Filmhouse bags CinemaCon
April 16, 2019, Lagos, Nigeria – Nigeria was presented with the Emerging Market Spotlight Award at the Cinemcon 2019 – the most influential cinema conference in the world, organized by the American Cinema Organization. Filmhouse was invited to accept the award on behalf of Nigeria, as they were deemed to have been the most significant contributor to the development of cinema in Nigeria. Kene Okwusa and Moses Babatope spoke at the event to very senior members of the global cinema community and represented the Nigerian Film industry admirably.
Daraju commissions 3rd detergent plant of 3,000 metric tonnes in Ota
December 14, 2018, Ogun, Nigeria – Daraju Industries Limited, a leader in the production of household and personal care products in Nigeria, with leading brands such as MYMY, Extreme, Fressia and Rana, commissioned a 3,000 Metric Tonnes Detergent Plant in the company’s factory in Ota.
The newly commissioned detergent plant is the third in the company’s factory complex, following the first two commissioned in 2012 and 2015. The newly commissioned plant doubles the company’s detergent production capacity and is part of a series of capital investments that will support the transformation of its business processes.
The new detergent plant strengthens the company’s long-term plans to become the market leader in the laundry care segment of the FMCG industry. It also highlights one of CAPE IV’s value creation initiatives for the business, which include improving production capacity, boosting business efficiencies, cost optimization via backward integration and process improvements.
It is expected that the newly commissioned plant will play a pivotal role in increasing the company’s market share in the laundry care segment, and in improving brand awareness in its market.
Topping out ceremony holds for cornerstone tower
November 23, 2017, Lagos, Nigeria – Cap Phoenix Cornerstone, a joint venture between African Capital Alliance and Cornerstone Insurance Plc, today held a topping out ceremony to celebrate the completion of the structure of Cornerstone Tower, a 12-floor office project situated adjacent to the Four Points by Sheraton Hotel on Chief Yesufu Abiodun Road, Oniru Road, Oniru, an upscale, vibrant mixed-use district. Cornerstone Tower has now reached its full height and is scheduled to open the second quarter of next year.
Once completed, this Grade A, ultra-modern office building will boast eight floors of flexible office space and meeting rooms, four floors of multi-level parking, a prestigious reception area and a ground floor café. The EDGE Certified Green Building will also be one of Nigeria’s most advanced developments, employing high technical specifications for installed building services, security and state of the art finishes.
Office spaces are designed with high efficiency and flexibility, and are built with raised floors and suspended ceilings with impressive natural lighting and ventilated spaces, allowing for modular spaces ranging from 200 square meters up to 1,400 square meters on each floor. The building’s central location in Victoria Island will provide convenient private and public transport access with direct links into Lekki, Ikoyi and the Lagos Mainland.
The project is being executed by a distinguished team of consultants: CPMS Limited (Project Managers), Delano Architects (Architects), Arup (Civil & Structural Engineers), UNECON Associates Limited (Mechanical & Electrical Engineers), BQC Consultants Limited (Quantity Surveyors) and Mar and Mor, (Mechanical, Electrical and Plumbing Services contractors).
The main building contractor, BCL Limited, brings 25 years of experience in the Lagos construction arena and utilizes leading edge methodologies to ensure that budget, quality and delivery programs are met.
About African Capital Alliance
African Capital Alliance (ACA) is a leading, independent investment firm focused on Nigeria and the broader West African region. ACA has, to date, raised more than $1 billion in capital commitments across several funds. Since its inception in 1997, ACA has grown into one of the most experienced private equity and real estate investment firms in the region, with more than 40 private equity investments across a number of high growth target sectors including oil and gas, power, telecommunications/media/technology (TMT), financial services, fast-moving consumer goods (FMCG) and business services.
ACA also has significant experience in the real estate sector and invests in residential, retail, office and hospitality products across the region. Some of its notable investments include Mansard Place, a Grade A office complex located in the Victoria Island Central Business District, Protea Hotel by Marriott (Ikeja, Benin City and Owerri City), Festival Mall and Onitsha Mall.