Leapfrog Strategic Africa Investments will acquire a 24% stake in ICEA LION Insurance Holdings Limited, a Kenyan insurer and asset manager.

ICEA LION Holdings is the non-operating holding company of the ICEA LION Group. The group is primarily involved in insurance and asset management across East Africa and comprises the following main operating subsidiaries:

– ICEA LION Life Assurance Company Limited in Kenya

– ICEA LION General Insurance Company Limited in Kenya