Audio By Carbonatix
South African based financial services group, Old Mutual, has acquired a majority stake in Provident Life Assurance Company.
According to the group, the acquisition is subject to regulatory approval of Authorities in Ghana and South Africa.
The decision to acquire Provident Life forms part of the group's strategy to expand its operations across the continent.
Old Mutual currently has interest in insurance businesses and NED bank of South Africa.
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