African Development Bank to invest €10 million in reinsurance firm CICA-Re

The African Development Bank has signed an agreement to invest in the Joint Reinsurance Company of Member States of Conférence Interafricaine des Marchés d’Assurances  (CICA-Re).
Under the agreement, the African Development Bank will take a 6.56-billion FCFA stake (approximately €10 million) in CICA-Re and join its board of directors.

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