AFIG acquires 29.9% of the NEM Insurance

Following the sale of NEM Insurance's shares, Advanced Finance & Investment Group (AFIG) becomes the majority shareholder of NEM. AFIG holds henceforth 29.9% of the company's shares.

AFIG is partnering, through this operation, with a high- growth and constant-profitability actor underlines Papa Madiaw Ndiaye, CEO of AFIG funds.

For NEM, this partnership is the result of a long strategic process whose objective is to identify and build a long-term relationship a with appropriate partner.

NEM Insurance was created in 1948. It markets a range of non-life insurance products designed for individuals and local companies. The company expanded its activities in Ghana in 2009.

Read also:

• No more claim bonus on motor third party liability in Ghana