“If you want to go fast go alone, and if you want to far go together,” is a Chinese Proverb and one that best describes the move by CapitalWorks to acquire Aon which is now Minet Africa.
Through Minet, the group is looking forward to building on Aon’s rich heritage in Africa as they move into the future. This partnership now positions Minet Group as a formidable force in Africa which provides their clients with clear benefits.
Minet Group Chairman and Principal at CapitalWorks Garth Willis said Minet is proudly pan African and that they embrace opportunities and possibilities the continent offers.
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“We are looking forward to playing a meaningful role in continued growth in trajectory of the markets that we serve and to continue to create a better and more secure life for all as the largest risk and human capital advisor in the continent,” he said.
Minet Africa CEO Joe Onsando said the conclusion of this transaction marks a historic milestone for Minet Africa.
“Despite change of structure, we remain correspondence partner with Aon, meaning we still have dealings with Aon by servicing its clients Africa as well as tapping into Aon’s vast capital and human resources,” he asserted.
He added that they are already in ten African countries but that their intention is to expand their African presence to 30 countries with the West Africa as their primary target.
Regulatory approvals have so far been obtained in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia, with the remaining countries expected to do so in the first quarter of 2018.
“This, we believe, will enable us tap into the growing opportunities in intra-Africa trade as such ventures require risk advisory services to succeed.” he averred.
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