Rwanda : SAHAM acquires controlling stake in CORAR-AG.
With total premiums of 7.064 billion Rwandan francs ($10million), CORAR-AG Ltd is the third leading insurance firm in Rwanda.
75% of the company's insurance product is non-life while the balance 25 percent are in life.
As it continues on a hostile push to become one of Africa's major insurance corporate, Saham says the acquisition will strengthen it growth in Central Africa.
It added that its investment will stand the test of time, given CORAR-AG's strong reputation in the market and positive profitability ratio.
2014 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Jun 17, 2014|
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