Business
Afreximbank’s FEDA acquires 5% stake in Geregu Power
The Fund for Export Development in Africa (FEDA) has acquired a 5 percent stake in Geregu Power Plc, an electricity-generating firm.
FEDA is the impact development unit of the Africa Export and Import Bank (Afreximbank).
Details of the acquisition were contained in a statement issued by Akinleye Olagbende, Geregu’s secretary, to the Nigerian Exchange Limited (NGX) on Wednesday.
In October 2022, Geregu Power Plc became the first electricity generation company (GenCo) to be listed on the main board of the NGX.
“The purchase of the shares was concluded today the 21st of February 2023 with the purchase agreed in on the 21st of December 2022,” the statement reads.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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