SFI and PROPARCO obtain a stake in the capital of Activa (Cameroon)

Magazine Issue:

Middle East, hub wars [3]

Magazine date:

Jul 2013

Following its establishment in Ghana, the Cameroonian group Activa Assurances is keen to expand its operations to other markets in Western Africa, especially to Liberia, Sierra Leone and Guinea.

Activa Assurances head office in Douala, Cameroon

In an effort to duly conduct these projects, Richard Lowé, the Group’s chief executive officer, would soon finalize partnership agreements with major financial structures, namely the Société Financière Internationale (SFI) and PROPARCO (Promotion et Participation pour la Coopération Economique), a subsidiary of Agence Française de Développement.
The Cameroonian shareholders having decided to maintain on a permanent basis a majority stake of their group’s capital, the two new partners would only be entitled to hold a minority share.