trending Market Intelligence /marketintelligence/en/news-insights/trending/gafNbqEs20ovj5ySyEKxGQ2 content esgSubNav
In This List

Report: Rwanda's Bank of Kigali eyes insurer Sonarwa

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Report: Rwanda's Bank of Kigali eyes insurer Sonarwa

Bank of Kigali is in discussions to acquire property and casualty insurer Sonarwa SA, the bank's CFO, Nathalie Mpaka, told Reuters.

The Rwandan lender has been eyeing Sonarwa for a while, Mpaka said, adding that a proposal could be presented to the bank's board by August.

Sonarwa offers aviation, fire, automotive and marine insurance, among other coverage. In 2008, Nigeria-based Industrial and General Insurance Plc bought a 35% stake in Sonarwa.