Nigeria, others enjoy $800m business from Africa Re — GMD

Nigeria and other African countries enjoy reinsurance business worth $800 million from the operations Africa Re.

Karekezi said “Africa Re retains up to 28 per cent of all the re-insurance that is going out of the continent. 28 per cent is small but it is huge in terms of monetary terms. The GMD noted that the insurance industry is still in its developing stages in Sub-Sahara Africa and required concerted efforts to grow it in the interest of Africa’s economy.

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