Kenya Reinsurance Corporation (Kenya Re) has lined up Sh1.5 billion to fund a regional and international expansion plan targeting Tanzania, Rwanda and India as it seeks to restore growth after retreating from loss-making business lines.
The State-owned re-insurer told shareholders during the recent annual general meeting that the investment will support setting up of a subsidiary in Tanzania, a branch office in India’s Gujarat International Finance Tec (Gift) City and a liaison office in Rwanda.
