Nigerian insurance firm to open in Botswana

Friday, July 18, 2014

A Nigerian insurance firm, Continental Reinsurance Plc will soon open shop in Botswana after being licenced by Non-Banking Financial Institutions Regulatory Authority (NBFIRA).

The company this week notified the Nigerian Stock Exchange (NSE), where it has primary listing, that it has been granted a license to open a subsidiary in Gaborone.

If they move as planned, Continental will become the third reinsurance firm to operate in Botswana with FM Reinsurance and First Reinsurance being the only two firms locally.

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