(Business in Cameroon) - Consulting firm Finactu has just been selected by Cameroon and the country’s association of insurance companies ASAC to provide support in the creation of a national reinsurance company, official sources reveal. This selection follows an international tender process.
The national reinsurer will be owned by the government, insurance companies operating in the country and a strategic partner. Thanks to the project, Cameroon wants to join the rank of African countries having their own national reinsurance companies (Morocco, Tunisia, Algeria, Kenya, Ghana, Tanzania, Sudan, Senegal, Gabon, Namibia and Nigeria).
Founded in 1999, Finactu has offices in Geneva, Paris and Casablanca. It provides strategic and operational counselling as well as corporate financial services. “More than 100 clients in 30 emerging countries have trusted us to date, giving Finactu a privileged experience in various sectors: banking, insurance and reinsurance, private equity, social protection, public policies, agriculture, telecom, postal services and education,” the company explains.