Swiss Re spends €100m on Cote d’Ivoire based Manzi Finances

Swiss Re has spent €100 million (approximately $112 million) to acquire an undisclosed, minority stake in Manzi Finances, a financial services holding company based in Cote d’Ivoire which owns NSIA Participations. In March 2015, private equity group Amethis Finance and National Bank of Canada acquired a 26% stake in NSIA Participants from Emerging Capital Partners. The Abidjan based company (Manzi Finances) will use the capital to consolidate its financial base and support its expansion strategy. [AfricaCapitalDigest]


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