African reinsurer Continental Reinsurance Holdings has relocated to Botswana from Mauritius, the company has announced.
The newly relocated holding company will operate independently of the firm’s Botswana subsidiary, which has been established in Gaborone for 11 years.
Continental Re Holdings said the move “marks a pivotal step in the Group’s evolution and underscores our strong confidence in Botswana as one of Africa’s most stable and forward-looking financial services hubs.” The relocation followed the completion of all logistical, statutory, and regulatory requirements.
Group Managing Director Lawrence Mutsunge Nazare described the relocation as both a strategic and symbolic milestone for the Group. He said, “This move reflects our deep commitment to Africa, and our conviction that Botswana offers a uniquely enabling environment for long-term investment. The country’s stability, institutional maturity and progressive reforms provide the foundation we require as a pan-African reinsurer with global ambitions."
Continental Re Holdings is a parent company of Continental Reinsurance, which provides comprehensive risk solutions to insurers across Africa, offering both treaty and facultative reinsurance across life and non-life classes.The Group operates through a strategic presence in Nigeria, Kenya, Cameroon, Tunisia, Côte d’Ivoire and Botswana.