logoBC
Yaoundé - 18 January 2021 -

BannerICBC2021

Insurance

Continental Re’s regional office in Douala to be converted into a subsidiary

Continental Re’s regional office in Douala to be converted into a subsidiary
  • Comments   -   Monday, 09 April 2018 13:11

(Business in Cameroon) - C-Re Holdings, the investment fund that controls the capital of Continental Reinsurance Plc (Continental Re), reveals in its 2017 financial report that it will invest $10 million in the Cameroonian subsidiary.  

With this investment, C-Re Holdings will take 49% of the subsidiary (whose creation process was initiated in January 2018) and Continental Re, will hold the remaining 51%.

The new subsidiary (the third in Africa after the ones in Kenya and in Botswana) will be headquartered in the Continental Re's regional bureau established in Doula in 2005.  

Let’s remind that the Pan-African reinsurance company Continental Re is already active in 50 countries in Africa with two subsidiaries and four regional offices. With the regional office's conversion, the group will have three subsidiaries and three regional offices in the continent.  

Brice R. Mbodiam

camtel-judith-yah-sunday-ordered-to-cancel-the-last-irregular-appointments
"I have the honor to ask you to postpone the execution of the memorandum No. 005/DG/DRH/SGCR of January 8, 2021, appointing temporary staff at the Company...
eneo-posts-xaf155-bln-of-debt-to-independent-power-producers-and-fuel-suppliers-at-end-2019
In its recently published 2019 annual report, Eneo indicates that during the 2019 financial year, it experienced an "unprecedented deterioration of its...
rougier-group-posts-46-mln-turnover-for-2019-69-down-from-2016-performance
In late 2020, forestry group Rougier, whose Cameroonian subsidiary Société forestière et Industrielle de la Doumé (SFID) went bankrupt three years ago,...
pay-tv-packages-cornered-by-startimes-canalsat-lowers-its-prices-in-cameroon
Early this year, pay-TV operator Canalsat lowered the prices of some of its packages in Cameroon. These include the "Access" and "Evasion" packages, which...

Mags frontpage


Business in Cameroon n94: December 2020

The rise of Cameroon’s automotive industry


The «Made in Cameroon» war


Investir au Cameroun n104 Décembre 2020

L’émergence d’une industrie automobile camer


La bataille du « Made in Cameroon »

next
prev