Moroccan billionaire Moulay Hafid Elalamy sells La Marocaine Vie
Wafa Assurance has agreed to acquire 99.98% of La Marocaine Vie from billionaire Moulay Hafid Elalamy's Saham Group.
Insurance
How South African tycoon Adrian Gore's bath-time idea built insurance giant Discovery
Discovery founder Adrian Gore says the rewards-for-health idea behind Vitality came to him in the bath. It now reaches 50 million members.
Absa exits Kenyan insurance as wealthy politician Musalia Mudavadi’s firm takes full control of two insurers
Absa has completed its exit from Kenyan insurance, handing two insurers to a firm majority owned by wealthy politician Musalia Mudavadi, which will rebrand them.
Ivorian tycoon Koné Dossongui brings private equity investor into his insurance group
Mediterrania Capital Partners has invested in AFG Assurances, the insurance arm of Koné Dossongui's Atlantic Group, which plans to double to 14 insurers.
Nigerian insurance tycoon Wole Oshin's Custodian posts $42 million nine-month profit
Custodian Investment, the Nigerian insurance group run by tycoon Wole Oshin, lifted nine-month profit 26% to ₦57.6 billion as interest income more than tripled.
Ivorian billionaire Jean Kacou Diagou is quitting Nigerian life insurance after 15 years
Jean Kacou Diagou's NSIA has approval to hand its Nigerian life portfolio to CHI Life, exiting a quarter of the subsidiary's revenue.
Kenyan politician Musalia Mudavadi is paying $29 million to buy back insurers he sold Barclays
An investment firm linked to Kenya's Prime Cabinet Secretary Musalia Mudavadi is buying Absa's stakes in two insurers for at least $29 million.