The Financial Post reports in its Saturday, July 11, edition that Fairfax Africa Holdings agreed to merge with Helios Holdings to create a pan-African money manager and investment firm looking for opportunities across the continent. A Bloomberg dispatch to the Post reports that Helios Fairfax Partners, as the new entity will be known, will be listed in Toronto and majority owned by Fairfax, the companies said Friday. Tope Lawani and Babatunde Soyoye, who co-founded Helios Investment Partners, will run the new group as joint chief executive officers. Mr. Lawani said: "The transaction gives frontier and emerging-market investors an interesting way to gain exposure in the African companies in our portfolio. We take a long-term view on our investments, and many have proved resilient even in this pandemic with a number of our investments in sectors such as telecommunications, payments and food." Helios has been raising third party private capital for many years to invest on the continent, backing companies such as Helios Towers and Vivo Energy, that went on to list in London. Helios will have a 46-per-cent interest and voting interest in the new company.