On 12 January, the London-based private equity group Helios Investment Partners announced that it had exceeded the $1 billion target that it had set for Helios Investors III, L.P., or “Helios III”, thus making it the first $1 billion-plus private equity fund for African investments. Founded in 2007 by Nigerian-born Tope Lawani and Babatunde Soyoye,
Nollywood and Bollywood Film Industries to Collaborate
On 4 January 2015, India’s Acting High Commissioner in Nigeria, Kaisar Alam, announced that the Indian commission is facilitating a partnership between Nollywood (Nigeria’s movie industry) and Bollywood (India’s movie industry). Mr Alam noted that the two industries contribute greatly to their respective countries’ gross domestic product and stated that “India can use its more