Oando Gas & Power Limited (OGP), the erstwhile Midstream business subsidiary of Oando PLC, has formally announced the change of its corporate identity and branding to Axxela Limited (Axxela), Independent reports.
The rebranding effort follows last year’s acquisition of a controlling equity stake in the business by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm.
Speaking on the rebranding initiative, Bolaji Osunsanya, Axxela, Chief Executive Officer said: “This is a reaffirmation of our operational independence as we become sub-Saharan Africa’s preferred and fastest growing gas and power Portfolio Company.”
“It enables us leverage strategic partnerships to deliver value adding energy solutions to our customers, whilst facilitating sustainable economic development in our chosen markets.”
“The change in our corporate identity also gives us the opportunity to re-introduce our business to the market while demonstrating the far-reaching impact of our operations.”