Pan-emerging markets private equity firm Actis has sold its 85% shareholding in Accra Mall to South African commercial and retail property developer, Atterbury, and financial services group, Sanlam. Accra Mall is a Ghanaian shopping and leisure centre. PRESS RELEASE Actis, the pan-emerging markets private equity firm today confirmed the sale of its 85% shareholding in [...]
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Visa will pay $110 million to buy mobile financial services tech company Fundamo. Fundamo’s technology provides mobile financial services to unbanked and under-banked consumers. The company is based in Cape Town, South Africa, and is backed by investors including Sanlam, Remgro Limited and HBD Venture Capital. The deal is expected to close by September.