The bank noted that there are no guarantees to whether the transaction pans out or not.
The group owns private universities in Morocco, Tunisia, Mauritius, South Africa, Zambia, and Zimbabwe.
Recently, AIICO Insurance has been raising capital through various means. The sell-off could be one of them.
613 VC deals valued at $3.9 billion occurred in Africa between 2014 and 2019.
The loan is IFC’s first in Africa under its global COVID-19 fast-track financing support package.
The capital markets have frozen up. We are hoping to create a domino effect in terms of investment in African startups.
Note that the statement, which was signed by both FBN Holding's group CEO and Sanlam Emerging Markets Ltd's CEO, did not disclose how much the transaction...
Tomato Jos secured Series A round funding through a consortium of investment firms