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AFIG acquires 29.9% of the NEM Insurance

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Magazine Issue: 
Insurance in the United States, a complex organization [3]
Magazine date: 
Jan 2019

NEM InsuranceFollowing 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.

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Mon, 28/01/2019 - 14:25

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