Gaborone, Botswana | 18 September 2026 – The Continental Reinsurance Holdings Limited (“Continental Reinsurance Holdings” or “the Group”) Public Offer continues to build momentum as investors take a closer look at one of Africa’s leading pan-African reinsurers and the long-term growth opportunity presented by the continent’s insurance sector.
The Public Offer, which opened on 5 August 2026, gives both retail and institutional investors the opportunity to participate in the continued growth of a business that has spent more than four decades supporting insurance markets across Africa. As the first reinsurer to seek a listing on the Botswana Stock Exchange, the transaction represents an important milestone for both Continental Reinsurance and Botswana’s capital markets. The transaction comprises US$126.1 million relating to the acquisition of existing shares and US$30 million in fresh primary capital for the Group, representing total IPO proceeds of approximately US$156.1 million. The listing will strengthen Botswana’s position as a platform for pan-African financial services, with the Group’s Botswana-domiciled holding company accredited under the Botswana International Financial Services Centre framework. Following approval by the Botswana Stock Exchange of a revised offer timetable, the Public Offer now closes on 9 October 2026. Lawrence Mutsunge Nazare, Group Managing Director, said:
“The Public Offer gives investors an opportunity to understand our business, our markets and our future growth plans. Continental Re has spent more than 40 years helping insurers across Africa absorb risk, build resilience and support economic growth. Through this Public Offer, we are inviting investors to participate in the next phase of that journey.
The US$30 million in fresh primary capital will strengthen our underwriting capacity, support solvency and rating resilience, and help scale our Alternative Solutions business. It will also support our aspiration to strengthen our financial strength rating over time, positioning Continental Re to serve even more clients across the continent. We believe our disciplined underwriting, strong governance, pan-African footprint and long-term growth strategy provide a compelling investment proposition, and we look forward to welcoming new shareholders.”
A Business Built Across Africa
Continental Re provides composite reinsurance solutions to insurance companies across more than 50 African countriesthrough six regional hubs in Gaborone, Lagos, Nairobi, Douala, Abidjan and Tunis. For more than four decades, the Group has helped insurers manage risk, strengthen resilience and respond when catastrophic events occur. Today, it serves more than 900 cedant, broker and counterparty relationships through a diversified portfolio spanning Property & Engineering, Casualty & Liability, Marine & Aviation, Energy & Political Risks, Agriculture and Life Insurance.
The Group’s differentiation lies not in balance-sheet scale but in its pan-African distribution network, four decades of market experience and proximity to cedants and brokers across multiple linguistic, regulatory and economic environments – competing on market knowledge, relevance and responsiveness rather than size alone
Growth Capital Going to Work
Proceeds from the Public Offer will support Continental Re’s next phase of growth by:
The Group’s Alternative Solutions business is a key part of this strategy. It uses Continental Re’s pan-African distribution and underwriting capabilities to originate and structure African risks for placement with highly rated global capacity – generating fee, commission and underwriting income in a capital-efficient way, without requiring the Group to retain all the associated risk on its own balance sheet.
Financial Highlights (FY2025)
Continental Reinsurance delivered another year of resilient financial performance, including:
The Board intends to distribute between 40% and 60% of annual net income as dividends, subject to future performance and Board approval.
Africa’s Reinsurance Opportunity
Africa’s reinsurance market generated approximately USD 6.3 billion in gross premiums in 2024, having grown by 89% between 2015 and 2024. Despite this growth, Africa accounts for only 1.6% of global reinsurance premiums. Insurance penetration across Africa remains approximately 2.8% of GDP, compared with a global average of around 6.8%, highlighting significant room for expansion.
Shares are available at BWP 1.00 per share, with a minimum application of 200 shares (BWP 200). Application forms are available through the Prospectus, via the Sponsoring Broker Motswedi Securities, the Botswana Stock Exchange, and Continental Reinsurance Holdings Limited offices, as well as online here.
How to Participate – Broker Contacts
For assistance with applications or further information on the Public Offer, investors may contact the appointed brokers:
Motswedi Securities (Sponsoring Broker handling applications)
Plot 113, Unit 30, Kgale Mews, Gaborone
Contact: Garry Juma
Email: info@motswedi.co.bw
Phone: 318 8627
WhatsApp: 72108088
Imara Capital Securities
Office 3A, Third Floor, Masa Centre, CBD, Gaborone
Email: icssales@imara.com
Phone: 318 8886
WhatsApp: 758 99746
You can also scan the QR code on the Offer materials to access the Prospectus and more information on the IPO.
DISCLAIMER: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Prospective investors should read the full Prospectus carefully before making any investment decision.
