Business Daily·3 min read·medium
Kenya Re pumps Sh284m in Zambia subsidiary on new capital rules
P
Patrick Alushula
✦AI Summary
Kenya Reinsurance Corporation has injected 50 million Zambian Kwacha into its Zambian subsidiary to meet new regulatory capital requirements. The move ensures the unit complies with the 150 percent capital adequacy ratio mandated by the Zambian government by 2025.
Kenya Reinsurance Corporation increased its investment in its Zambian subsidiary by Sh284 million last year, more than doubling its total capital in the unit to meet the revised capital requirements.
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