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Project Brief - PTA Reinsurance Company Limited “ZEP-RE” Regional
The investment entails a subscription of USD 9,094,389 to purchase new primary ordinary shares of ZEP-RE in order to strengthen the Company’s capital base and underwriting capacity. Following the investment, the Bank will own 15% of the ordinary share capital. An increased capital base is required to support planned strategic business growth designed to meet increasing demand for insurance products within and beyond the Common Market for Eastern and Southern Africa (COMESA) region.