Industry Newsroom

Aleyo Capital Invests USD5.3m for 29.1% Stake in Zimbabwe’s Financial Services Company First Mutual

Aleyo Capital has agreed to invest USD5.3m for a 29.1% stake in Zimbabwe-based financial services company First Mutual Reinsurance Holdings. Under the agreement, First Mutual will establish a subsidiary, First Mutual Reinsurance Holdings Limited (FMRHL), in Botswana, which will house its two re-insurance businesses. The deal is subject to shareholder approval. Read more