South Africa: African Rainbow Capital acquires majority stake in Qed Actuaries & Consultants Ltd
Friday, 26 April 2019 15:59
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
Live News
-
Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
12:03
-
Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
11:52
-
Kenya’s Economy Expands 4.9% in Q3 on Construction, Services
10:18
-
Rio Tinto, Glencore Hold Early Talks on Potential Mining Mega-Deal
10:17
-
Orabank to Close Four Branches in Togo From February 2026
20:13
-
Cameroon Brings Informal Property Brokers Under VAT Rules
16:05
-
Novarea Textile, Togo Apparels Source Join Adétikopé Industrial Platform
16:01
-
Strengthening the Economic Bridge: Outgoing U.S. Ambassador Shares Vision for Future Cameroon-U.S. Investment
12:30
-
Strengthening the Cotton Value Chain: Crédit du Sahel Formalize Strategic Banking Alliance
11:50
-
Cameroon Scores Mid-Table in World Bank’s Business Ready 2025 Report
11:46
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other sectors face sharp contraction in 2025. Power, gas,...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational investments—especially reliable electricity, digital...
Kenya’s economy grew 4.9% year on year in Q3 2025, up from 4.2% a year earlier. Construction, mining, hospitality and real estate drove growth...
Rio Tinto and Glencore confirmed early-stage discussions on a potential transaction with no firm offer. Rio Tinto must declare its intention to bid, or...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...