Nigerian businessman Temitope Lawani's Helios weighs full Axxela exit
Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
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Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
Helios secures $50 million from IFC and Proparco to scale Africa’s sports and entertainment sector through investments in events, media rights, and infrastructure.
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
Helios Investment is one of the largest Africa-focused private investment firms.
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.