LeapFrog completed the acquisition of a 16.94 % stake of Fidelity Bank Ghana from Edmond de Rothschild Equity Strategies and Amethis.

LeapFrog, an investment firm, has completed the acquisition of a 16.94 % stake of Fidelity Bank Ghana, a privately-owned bank, from Edmond de Rothschild Equity Strategies, a mid-cap growth and buy-out franchise, and Amethis, an investment fund manager. Financial terms were not disclosed. “We are thrilled to embark on this next phase of growth with Fidelity Bank. We are partnering with and supporting an industry leading, highly experienced management team with a strong track record of delivering profitable growth for this Tier-1 home-grown bank. Moreover, Fidelity Bank’s “Inclusive Banking” and “Building Lives Through Finance” initiatives strongly align with LeapFrog's impact, sustainability and performance strategy. With LeapFrog's robust expertise in financial services and impact measurement and reporting, we look forward to leveraging our combined capabilities to accelerate Fidelity Bank’s sustainable and profitable growth. LeapFrog will support the bank’s leadership team to deliver on its growth and innovation agenda through customer insights, digital transformation, governance, and partnerships,” Karima Ola, LeapFrog Partner and Leader of African Financial Services Investments.