Old Mutual starts $560m Africa expansion plan

by | March 6, 2013 5:05 pm

Anglo-South African insurer Old Mutual is setting aside 5 billion rand ($560 million) to fund expansion in fast-growing sub-Saharan Africa. Old Mutual, which last year bought the life insurance unit of Nigeria’s Oceanic Bank, plans to buy minority and majority stakes in businesses in east and West Africa over the next three to five years,…

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