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Kenya: Equity firm LeapFrog Investments plans to invest Sh1.68 billion ($18.7million) for a majority stake in Resolution Insurance, through its holding company, Resolution Health East Africa Ltd.
In a statement yesterday, LeapFrog partner Dominic Liber said Resolution Insurance is a strong and growing business, with a good management team. "In a short time, Resolution Health has grown to become Kenya's fourth largest health insurer and positioned itself as a rising star in East Africa's fast-expanding health insurance space," said Liber.
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