Morocco’s Saham Group Expands Into African Insurance Market - BusinessWeek: "Morocco’s Saham Group has bought a 92-percent controlling stake in the insurance company Colina, the private holding group said in a press release.
Casablanca-based Saham, founded in 1995, engages in the franchising of children’s clothing stores. Colina has 15 affiliates in 11 African countries including Senegal, Mali and Cameroun, Saham said in the press release. The deal will be finalized in the coming weeks, it said."
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