Browsing: Octagon Africa

As South African-based retirement fund manager, Alexander Forbes is seeking to reduce its insurance businesses across Africa with Zambia becoming the latest to see such a move.

Over the next two years, Alexander Forbes will seek to reduce the surplus capital held which will be done through restructuring in addition to selling its insurance businesses.

With this, Octagon Africa has completed the purchase of 49 per cent shareholding in Alexander Forbes Financial Services Zambia.

Reviewing strategic business

This purchase comes after the announcement on the Johannesburg Securities Exc...

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