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Project Brief - African Reinsurance company “Africa-Re”
The Bank will participate in the rights issue of African Reinsurance Company (Africa Re) and retain the Bank’s shareholding at 8% of the enlarged company. The increased capital is needed to strengthen the Company’s capital base and underwriting capacity required to support increasing demand for insurance products across the continent. The continued support to Africa-Re will bolster the client’s balance sheet and signal that the AfDB remains firmly behind this strategic partner.