Prudential, LeapFrog To Invest African Life Insurance Cos.

By Benjamin Horney

Prudential Financial Inc. and Port Louis, Mauritius-headquartered private investment company LeapFrog Investments are teaming up to launch a $350 million investment vehicle that will plug capital into life insurance companies across Africa over the next three to five years, the companies said Thursday.

The agreement sees Prudential join forces with LeapFrog, which is based out of an island nation in the Indian Ocean, to invest in life insurance companies that are based in some of Africa’s “leading economies,” including in Ghana, Kenya and Nigeria.

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