Yeelen Financial Fund, a fund dedicated to the financial sector of the West African Economic and Monetary Union (WAEMU) region and managed by private equity firm Cauris Management, has taken a stake in Holding Groupement d’Assurances Modernes Multiformes en Afrique (GAMMA) which owns two insurance companies in Mali, namely Sonavie and Sabunyuman.

Yawo Noël Eklo, co-founder of Cauris Management said, “The investment of Yeelen Financial Fund helps make Sonavie and Sabunyuman comply ...