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IFC targets $50m guarantee support for African reinsurer ZEP-RE
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IFC targets $50m guarantee support for African reinsurer ZEP-RE
The World Bank’s International Finance Corporation (IFC) is arranging a guarantee facility of up to $50 million to cover the reinsurance credit risk of ZEP-RE, a leading reinsurer in Africa headquartered in Nairobi, Kenya. Established in 1990, ZEP-RE delivers “inclusive & innovative” re/insurance solutions across the continent to close the protection gap, manage risk, and support sustainable growth in growing Africa’s resilience. It reportedly o…
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