MK254
JF-Expert Member
- May 11, 2013
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A subsidiary of Private equity (PE) firm Fusion Capital has invested in Rwanda and Uganda as it seeks to grow footprint in east Africa.
Fusion Insurance Brokers (FIB), licensed in 2015 by Insurance Regulatory Authority (IRA), is offering general insurance and specialties underwriting among other products.
Fusion Capital chief executive Daniel Kamau said the Rwanda and Uganda markets are both attractive and challenging for new entrants, due to the low insurance penetration levels and a growing economy.
The firm is also seeking to work with local agencies.
“We are already in these markets and hence we are not increasing our operational costs yet taking advantage of our brand presence in these countries,” said Mr Kamau.
Fusion Capital was established in 2006 as a real estate investment and fund management firm and operates in Kenya, Uganda, Tanzania, Rwanda and United Kingdom (UK).
It has undertaken a number of real estate projects in Nairobi, Nakuru, Uganda and Rwanda. It also acquired a stake in Remu Microfinance Bank.
Nairobi PE firm steps up Uganda, Rwanda business
Fusion Insurance Brokers (FIB), licensed in 2015 by Insurance Regulatory Authority (IRA), is offering general insurance and specialties underwriting among other products.
Fusion Capital chief executive Daniel Kamau said the Rwanda and Uganda markets are both attractive and challenging for new entrants, due to the low insurance penetration levels and a growing economy.
The firm is also seeking to work with local agencies.
“We are already in these markets and hence we are not increasing our operational costs yet taking advantage of our brand presence in these countries,” said Mr Kamau.
Fusion Capital was established in 2006 as a real estate investment and fund management firm and operates in Kenya, Uganda, Tanzania, Rwanda and United Kingdom (UK).
It has undertaken a number of real estate projects in Nairobi, Nakuru, Uganda and Rwanda. It also acquired a stake in Remu Microfinance Bank.
Nairobi PE firm steps up Uganda, Rwanda business