A LeapFrog Partnership to Boost Nigeria’s Financial Services Industry (Sub-Saharan Africa)

Source: LeapFrog Investments

Asia and Africa-focused investment firm LeapFrog Investments has announced its intention to invest US$7.5 million in a partnership with Asset and Resource Management Company (ARM), a Nigerian non-banking financial company. ARM recently acquired a majority stake in CrystaLife Assurance, a Nigerian life insurance provider. With LeapFrog’s investment, CrystaLife intends to expand its operations in Nigeria.