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AfricInvest finalizes deal for minority stake in Elephant Group

AficInvest and Elephant Group Executives

Having signed an original memorandum of understanding in March, Nigerian commodities company Elephant Group has finalized a deal which sees private equity firm AfricInvest taking a minority stake in the company. Terms of the deal were not reported.  The capital will be used to help Elephant Group expand its market share and take advantage of opportunities created by the Nigerian government’s drive to improve agricultural productivity as well as boost its share in agricultural commodities trading.

Read more at This Day…

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