Kenya Re pumps Sh284m in Zambia subsidiary on new capital rules
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.
Why it matters
This highlights the impact of tightening regional financial regulations on cross-border insurance operations in Africa.
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.
The report is a factual account of corporate financial compliance and regulatory updates.
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