East Africa: Kenyan Cooperative Insurer Makes Bold Move in Uganda

CIC Insurance Group seeks Shs7.25billion in share offer to fund expansion

Regional insurance firm, CIC Africa Insurance holds just 0.01% of Uganda's insurance business but it has signaled its determination to change that with plans offer shares to selected Ugandan cooperatives and Savings and Credit Cooperative Societies (SACCOS). The plan is to raise Shs7.25billion for expansion.

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