WAICA Re: capital increase

Waica Re, the Sierra Leonean reinsurer that has recently established a
group structure, plans to increase its share capital from 64 million
USD to 100 million USD. This transaction, carried out in six
instalments, will allow Waica Re to strengthen its shareholder?”s equity.
The reinsurer will thus be able to position itself on major risks,
especially those of the oil and gas sector.

Waica Re is present in Kenya, Zimbabwe, Ghana, Côte d?”Ivoire, Tunisia
and Nigeria. The reinsurer reported a turnover of 58 million USD in
2018, up by 4% compared to the 55.8 million USD of 2017.

Previous SOUTH AFRICA ? Viviene Pearson ? SAIA Chief Executive Officer and Director of the IISA.

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The African Insurance Organisation (AIO), established in 1972, is a non-governmental organisation recognised by many African governments.

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