Continental Reinsurance opens Botswana’s first reinsurer public offer

What the report says

The Independent Uganda reports that Continental Reinsurance Holdings Limited has launched a public offer on the Botswana Stock Exchange, a move that could make it the first reinsurer to list on the country’s bourse. The offer opened on Aug. 5 and is set to close on Sept. 16, with a planned listing date of Oct. 5, according to the publication.

The report says the transaction is worth $156.1 million in total, with $30 million of new capital going into the business and $126.1 million providing an exit for existing shareholders. Shares are priced at $0.07 each, with a minimum application of 200 shares. The new proceeds, amounting to BWP409 million, are intended to strengthen the group’s balance sheet, support its push for an A financial strength rating, expand underwriting operations and grow its alternative risk solutions unit.

Headquartered in Botswana and incorporated there in November 2023, Continental Reinsurance provides life and non-life reinsurance across more than 50 African countries, including Uganda, and also operates in the Middle East. The company says it works through regional hubs in cities such as Lagos, Nairobi and Gaborone.

The listing comes as Botswana seeks to deepen its capital markets, while Africa’s reinsurance sector grows amid rising demand for risk coverage, infrastructure investment and climate-related pressures. The company also cited recent financial results showing higher premiums and profit before tax in 2025 compared with the previous year.