Africa Finance

BUA Cement Plc is engaged in the production and marketing of cement under the brand name “BUA Cement”. Presently the company produces CEM II type of cement in accordance with the Nigerian Industrial Standards. BUA Cement is ideal for all construction purposes in Nigeria. Its unique quality makes it the cement of choice for block-making, plastering and concrete works. Its high early strength, rapid setting and low heat of hydration are all distinct features that characterize our high quality production process.

BUA Group is a food, infrastructure, mining and manufacturing conglomerate Headquartered in Nigeria with diversified investments spanning key business sectors of the African economy. BUA Group currently operates a mill in Kano as well as a rice plantation in Kano, Nigeria. The Group also operates a robust out-growers Scheme targeting about 100,000 rice farmers in Kano and Jigawa States, Nigeria. BUA Group was established in 1988 by Abdul Samad Rabiu in Lagos, Nigeria.

Emerging Markets Telecommunication Services Ltd. (EMTS), trading as "9mobile," is a Nigerian private limited liability company. EMTS acquired a Unified Access Service License from the Nigerian Communications Commission in 2007. The license enables EMTS to provide Fixed Telephony (wired or wireless), Digital Mobile Services, International Gateway Services and National/Regional Long Distance Services in addition to spectrum assignments in the 900 and 1800 MHz bands.

Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.