Davinder Sikand News

Swiss Re Tower, London, UK: Swiss Re is one of many global insurance companies buying insurers in Africa.

As incomes in Africa rise, African insurers are in vogue and global insurers are buying in

A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home.

The Abraaj Group

The Abraaj Group buys majority stake in leading South African FMCG manufacturer, Liberty Star Consumer Holdings

The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced the acquisition, through its Funds, of a majority stake in Liberty Star Consumer Holdings (‘Libstar’ or ‘the Company’), one of the largest unlisted food and personal care manufacturers in South Africa.