Chedid Capital, a local insurance and reinsurance firm, announced this week that it has acquired 50 percent of City Brokers Ltd. (CBL), an insurance brokerage company based in Mauritius.
Farid Chedid, founder and CEO of Chedid Capital, said: "We see Mauritius as an ideal platform for expansion across East African markets." The acquisition is part of the company's expansion plan, which includes five new countries through Europe and the MENA region by 2017.
CBL has a large port...
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