The Fund owns a 29.1% equity stake in FMRE Holdco, a reinsurance holding company domiciled in Botswana.
FMRE Holdco was established to hold reinsurance assets previously wholly owned by First Mutual Holdings Limited (“FMHL”), a leading financial services group listed on the Zimbabwe Stock Exchange (“ZSE”).
FMRE Holdco‘s subsidiaries, FMRE Property & Casualty (Proprietary) Limited (“FMRE Botswana”) and First Mutual Reinsurance Company Limited (“FMRE Zimbabwe”), offer insurance-based risk transfer and management tools to direct insurers in the Botswana, Zimbabwe, Southern, and East African markets.
Aleyo Capital is a Botswana based independent private equity firm. Through the Aleyo Growth Fund, the firm invests in high growth, market-leading businesses with potential to guarantee significant risk-adjusted returns for its investors. Aleyo Provides investors with access to opportunities in Botswana and the broader Southern African markets and draws on the expertise of an experienced and diverse team + sustainable investment strategy to meet its investment objectives. The Aleyo team has extensive experience in Private Equity, Venture Capital ,Mezzanine Debt ,Development Finance and Corporate Finance in Botswana and across Africa.