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AfricInvest takes stake in Elephant Group

AficInvest and Elephant Group Executives

Private Equity firm AfricInvest is taking a minority stake in Nigerian commodities company Elephant Group.  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 Vanguard…

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