Alexander Forbes to end current operations in Uganda
Fund administrator Alexander Forbes Group Holdings is to exit its current operations in Uganda.
Alexander Forbes revealed that it would cease operations in its strategic review of the business and operating model on 26 March, through an announcement to investors and the market on the Johannesburg Stock Exchange News Service.
The strategic review outlined the company’s vision for servicing its clients across Africa through its solution platform, Arrive.
The pan-Africa solution is aligned to local regulations and based on global best practices.
The company said it is committed to an orderly exit from Uganda and will maintain levels of service and advice to its clients.
