Continental Reinsurance Launches $156.1M Public Offer

Continental Reinsurance Holdings Limited, a leading pan-African reinsurer, has initiated a public offer on the Botswana Stock Exchange, aiming to raise approximately $156.1 million. The offer, which commenced on 5 August 2026, includes $126.1 million for the acquisition of existing shares and $30 million in fresh primary capital.

This marks a significant milestone as Continental Re is the first reinsurer to list on the Botswana Stock Exchange, reinforcing Botswana's position as a hub for pan-African financial services. Group Managing Director Lawrence Nazare stated that the public offer provides an opportunity for investors to engage with the company's business and future growth plans.

The raised capital will enhance the company's underwriting capacity, support solvency, and bolster its Alternative Solutions business. Continental Re operates across more than 50 African nations, servicing over 900 relationships with a diversified portfolio that includes various insurance sectors.