Impact Investing in Africa

Impact investing is expanding in Africa as LeapFrog Investments has just announced a landmark investment of $14 million into East African insurance group Apollo Investment Ltd.

This is the largest deal in the history of microinsurance in Africa. LeapFrog was launched with President Bill Clinton at the Clinton Global Initiative in 2008, and the $135 million fund has invested in companies providing insurance to under-served people in emerging markets. With the investment in Apollo, LeapFrog now gains exposure to Kenya, Tanzania and Uganda in addition to its existing investment in South Africa.

According to Dr. Andrew Kuper, the founder and president of LeapFrog, some of the greatest opportunities for business growth, profitability and impact today can be found in Africa. The CEO of Apollo Ashok Shah said that LeapFrog’s capital and global insurance expertise will help Apollo to become the preeminent regional player in insurance in East Africa.

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