Gaborone: Continental Reinsurance Holdings has confirmed the successful relocation of its Group Holding Company from Mauritius to Botswana. The company announced that this move marks a new phase in its long-term growth and Pan-African expansion strategy, a significant step in its development plans.
According to News Agency of Nigeria, the relocation followed the completion of all logistical, statutory, and regulatory requirements across the relevant jurisdictions. The company emphasized its confidence in Botswana as one of Africa’s most stable and forward-looking financial services hubs, highlighting the country’s political stability, sound governance, and financial sector reforms.
Continental Reinsurance also noted that AM Best had reaffirmed its financial strength rating at B+ (Good) with a stable outlook. The company, founded in Nigeria more than 40 years ago, has grown into one of Africa’s leading reinsurance groups and sees Botswana as a strategic choice for its operations.
The statement from the company underscored that the relocated holding company would operate independently of its Botswana subsidiary, which has been based in Gaborone for about 11 years. Group Managing Director, Mr. Lawrence Mutsunge Nazare, described the relocation as both a strategic and symbolic milestone for the Group, reinforcing its commitment to Africa and the belief that Botswana provides an enabling environment for sustainable, long-term investment.
Mr. Nazare further added that Botswana’s stability, reforms, and business culture, including the principle of ‘botho’, align with the Group’s corporate values, indicating a strong cultural and strategic fit for their operations moving forward.