Enko Capital takes undisclosed stake in Zambia’s Madison Financial

Image Credit: Zambia Reports

Enko Capital’s $48.25 million Africa Private Equity fund has acquired a minority stake in one of Zambia’s leading insurance-based financial services companies, Madison Financial Services. The size and value of the stake were not disclosed.  The deal is Enko’s first in Zambia and aims to benefit from the returns created by the rapidly-expanding demand for consumer financial services in the country.

Read more at Liquid Africa…

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