Business
Zichis Agro-Allied to List N1.09bn Shares on NGX
Zichis Agro-Allied Industries plans to list N1.09bn shares on NGX growth board, promising transparency and strong investor returns
Zichis Agro-Allied Industries Plc has concluded a board meeting with capital market regulators, financial advisers, and shareholders in preparation for its planned listing by introduction of N1.09 billion shares on the Nigerian Exchange Limited (NGX).
Also read: NGX market cap rises N598bn
The agro-allied firm intends to list 600 million ordinary shares of N0.50 each at N1.81 per share on the NGX growth board.
Financial advisers for the listing include QCAPITAL Limited and Cordros Capital Limited.
In his opening remarks at the signing ceremony, Board Chairman Hezekiah Oshaba pledged adherence to best corporate practices.
“By the time we are listed, we will follow all the guidelines and ensure that our investors do not have any regret in the long run. As businessmen, if you put your money anywhere, you expect returns, and that’s the essence of all of it,” Oshaba said.
He added that both the board and management team are committed to taking the company to a new level.
“The NGX is growing in leaps and bounds, and everybody wants to tap into that growth,” he noted.
Managing Director Anthonia Akabusi described the company’s transition from a limited liability to a public limited company as “a journey of resilience and scalability.”
She assured stakeholders that the company would prioritise transparency, consistent regulatory filings, and effective communication.
“The listing is a starting point. We promise to execute our strategy, and what we present to stakeholders is what the management is going to practice. Our shareholders’ value is what we are holding onto, and we promise not to disappoint,” Akabusi said.
Also read: NGX Index Down By 0.01% As Investors Lose N2bn
Zichis Agro-Allied Industries’ planned listing reflects growing investor confidence in Nigeria’s agro-allied sector and demonstrates the company’s commitment to robust corporate governance.
Africa’s technology ecosystem has produced innovative fintech, e-commerce and digital service companies. But there is another important part of the technology value chain that deserves attention: semiconductor engineering.
ChipMango is developing capabilities in chip design, verification and emerging hardware technologies. Its story demonstrates the kind of specialised innovation that deserves greater investment and attention.
Through Boost Africa, a joint initiative of the European Investment Bank (EIB) and African Development Bank, supported by the EU, the EIB helps channel investment through venture capital funds to innovative African enterprises. Discover how this
investment ecosystem is helping create opportunities for businesses working on Africa’s technological future.
Watch the video:
From smartphones and laptops to vehicles and AI systems, semiconductors are essential to modern technology. Yet, the expertise required to design these components remains concentrated in a relatively small number of global
technology hubs.
ChipMango is working to expand access to semiconductor engineering skills and commercial opportunities for African engineers. Its journey also highlights why initiatives such as EIB’s Boost Africa matter. By supporting venture capital funds investing in innovative African businesses, Boost Africa helps strengthen the financing ecosystem needed to develop specialised technology companies. Watch the video to learn how ChipMango is contributing to Africa’s place in the global technology industry.
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Business
ChipMango: Building Nigeria’s Semiconductor Engineering Capabilities for the Global Tech Industry
Africa’s participation in the global technology industry should go beyond
using digital products and services.
African engineers also have an opportunity to contribute to the technologies themselves, including the semiconductors that power smartphones, computers, vehicles and artificial intelligence.
Nigerian semiconductor technology company ChipMango is working to develop this capability by connecting engineering education with practical chip-design and verification projects.
Through its investment in African venture capital funds, the European Investment Bank (EIB), under the Boost Africa
initiative, is helping strengthen the ecosystem that supports innovative businesses like ChipMango.
Boost Africa is a joint initiative of the EIB and African Development Bank, supported by the European Union.
Watch the video to discover ChipMango’s story and the opportunities it is helping create.
Watch the video:
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