La Société Commerciale Gabonaise de Réassurance (SCG-Ré), a subsidiary of the Gabonese Fund for Strategic Investments (FGIS), is expanding its activities in East Africa. The reinsurer has obtained a license to operate in Tanzania

With a branch in Rwanda and a regional office in Côte d'Ivoire, SCG-Ré has obtained from the Tanzania Insurance Regulatory Authority (Tira) an authorization allowing it to operate on the Tanzanian reinsurance market. In an announcement published on Monday, August 19, 2024, the sole reinsurer in the Central African subregion, said that this approval marks an important step in its

The first company in the Cima zone (Inter-African Financial Markets Conference) to have successfully completed a public offering, SCG-Ré will operate in a Tanzanian reinsurance market dominated by three players, namely: Grand Reinsurance Tanzania Company (GrandRe), Tanzania Reinsurance Company (GrandRe), Tanzania Reinsurance Company Limited (TanRe) and the Kenyan reinsurance company East Africa Reinsurance Company Limited (EAre), which entered the Tanzanian market in the fourth quarter of 2023

Outside Gabon, SCG-Ré has a branch in Rwanda in charge of the East and Southern African markets.