Actis invests $62 mln in Nigerian pension manager Sigma

Private equity firm Actis has acquired a majority stake in Nigerian fund manager Sigma Pensions for $62 million, it said on Thursday, looking to capitalise on what it sees as a growth industry in Africa. The British-based company with a focus on emerging markets has invested more than $3 billion in African businesses spread over 23 countries, more than $570 million of which is invested in the financial services sector. Sigma, founded 11 years ago, is one of 21 licensed pension fund administrator