South African investment firm African Rainbow Capital (ARC) has acquired majority stake in Qed Actuaries & Consultants Ltd, a consulting firm present in 17 African countries.
The volume of this transaction has not been disclosed but, it was conducted via ARC Financial Services, the financial service branch of ARC.
According to Craig Falconer, managing director of Qed, this acquisition offers ARC the opportunity to consolidate its presence in Africa while pursuing its growth strategy in European markets.
“Significant opportunities exist, in South Africa and elsewhere on the continent, to acquire strategically relevant businesses to both expand and deepen our footprint on the continent,” Craig Falconer said. The investment will also help Qed increase its staff.
African Rainbow Capital explains that by choosing the actuaries sector, it wanted to diversify its portfolio.
Chamberline Moko
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
International Finance Corporation invests $45 million to power 2,235 telecom sites with solar energy across Ethiopia, Liberia, and Sierra...
Senegal launches a public consultation to define operational and regulatory rules for fiber optic network sharing. Authorities aim to reduce...
Daystar Power signs deal to install a 5.2 MWp solar plant for Société de Ciment de Côte d’Ivoire. The project aims to cut energy costs and carbon...
Egypt inaugurates a 56.5 km monorail connecting Cairo to the new administrative capital. The project involves Alstom, Orascom Construction, and...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...