CIC Insurance targets Ethiopia in regional expansion strategy

Chief Executive Officer Tom Gitogo. FILE PHOTO | NMG

CIC Insurance Group says it is eyeing entry into Ethiopia, Tanzania and Rwanda as the firm seeks to increase its footprint in the Eastern and Central African region.

Chief Executive Officer Tom Gitogo told the Business Daily that the insurer was keenly following Prime Minister Abiy Ahmed’s administration’s efforts to free up the country’s financial sector that has for decades been under State control.

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