AfricInvest acquires minority stake in insurance company REGIC

NIGERIA – AfricInvest, a Pan-African asset management company, has acquired a minority stake in Royal Exchange General Insurance Company (REGIC). According to AfricInvest, the investment was made through its evergreen private equity fund, FIVE, in the form of a subscription to a capital increase. “The desire to participate in more large-ticket corporate transactions, diversify existing business and product lines as…

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