Source: NEM Insurance | Jan 18, 2019

NEM Insurance announces investment by Advanced Finance and Investment Group (“AFIG Funds”), a growth and expansion private equity fund manager

This Transaction now makes AFIG Funds the largest shareholder in NEM, and marks the commencement of a strategic partnership between AFIG Funds and NEM

NEM Insurance Plc (“NEM” or the “Company”) (www.NEM-Insurance.com), a leading insurance group in Nigeria announced that Advanced Finance and Investment Group (“AFIG Funds”) (www.AFIGFunds.com), a leading African private equity fund manager has, through AFIG Fund II, completed an investment in the Company, by acquiring 29.9% of the Company’s shares from…