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Enko Capital takes undisclosed stake in Zambia’s Madison Financial

Image Credit: Zambia Reports

Enko Capital’s $48.25 million Africa Private Equity fund has acquired a minority stake in one of Zambia’s leading insurance-based financial services companies, Madison Financial Services. The size and value of the stake were not disclosed.¬† The deal is Enko’s first in Zambia and aims to benefit from the returns created by the rapidly-expanding demand for consumer financial services in the country.

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