Resolution Insurance News

LeapFrog Investments

Private equity firm LeapFrog buys $25M stake in financial technology company AFB Mauritius

LeapFrog Investments, the private equity firm with a focus on Africa and Asia, said it bought a minority stake in financial technology company AFB Mauritius Ltd. for $25 million in the fourth deal for its Fund II.

The Carlyle Group, the world’s second-largest manager of alternative investments, invested $147 million for an 18 percent stake in Nigeria's Diamond Bank.

South Africa losing buyout allure to fast-growing Sub-Saharan African rivals

South Africa is no longer the destination of choice for private equity investors seeking to tap returns on the continent.