Amethis Finance to Acquire a Minority Stake in NSIA Participations (Sub-Saharan Africa)

Source: Amethis Finance

Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and National Bank of Canada, a commercial bank, have agreed to acquire a 26 percent stake in NSIA Participations, a Cote d’Ivoire-based financial group, from pan-African private equity firm Emerging Capital Partners (ECP). ECP will sell the stake from its ECP Africa Fund III. The transaction is conditional upon regulatory approvals, as well as approval by the Inter-African Conference for the Insurance Market. Financial details of the transaction were not disclosed.