LeapFrog Africa set to acquire 24% stake in insurance provider ICEA Lion

KENYA – LeapFrog Strategic Africa Investments (LSAI), a private investment firm, is set to acquire a 24 per cent stake in ICEA LION Insurance Holdings Limited (ICEA LION Holdings). The partnership will propel the company’s vision to be a Pan African Insurance and Finance Service Provider. The investment will be made by Eastern Africa Holdings Limited, a wholly LSAI owned special purpose entity. ICEA LION Holdings identified a strategic partnership with LeapFrog and PFI as being very suitable on account of their deep financial sector knowledge as well as their…

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