AFRICA CANADA

Canadian "Warren Buffett" excludes his banks from deal for big new African investment group

Fairfax CEO Prem Watsa.
Fairfax CEO Prem Watsa. © Reuters
Canadian financier Prem Watsa, who heads the giant Fairfax investment group, announced plans to bring fellow investment giant Helios into the capital of his African subsidiary, Fairfax Africa, on 10 July. Fairfax Africa will divest itself of its struggling African banks, however, before Helios proceeds with its investment. [...] (543 words)
Issue dated 22/07/2020 Reading time 3 minutes
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