Business

Rwanda and Nigeria, the first regional markets-Former Alexander Forbes

Zamara, the Africa’s largest independent retirement-fund administrator is seeking expansion in the east African nation- Rwanda after re-branding.

Financial services provider Zamara, previously known as Alexander Forbes seeks to capitalise on the growing demand for insurance, brokerage and similar services on the continent.

Sundeep Raichura, Zamara group CEO, said that the firm has already identified Rwanda and Nigeria as the first regional markets where it will immediately expand its operations.

“We are in the process of establishing a presence in Rwanda and Nigeria and will be looking at further opportunities in East, West and Southern Africa to expand our business model,” said Raichura at the unveiling of its new brand Wednesday.

The CEO added that Zamara is exploring alternative and new long-term savings strategies that would increase uptake of products for financing home ownership, medical care, education and retirement plans.

Alexander Forbes East Africa Limited has begun a re-branding exercise following the change of ownership that has resulted in Alexander Forbes Group of SA reducing its stake.

The Express News

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