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Prudential & LeapFrog Put $350 M fund to Invest in African Insurance Cos

US insurer Prudential Financial, Inc. and LeapFrog Investments announced the launch of a $350 million investment partnership to access high-growth markets in Africa. The partnership, to be managed by LeapFrog, will invest in life insurance companies in African countries, including Ghana, Kenya and Nigeria, over three-to-five years.

Charles Lowrey, executive vice president and chief operating officer of Prudential’s International Businesses, said in the press release This investment expands P ...

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