The African Reinsurance Corporation (Africa Re), the premier reinsurance group in Africa, has
announced the disbursement of the sum of US$ 3.3 million to assist stakeholders in the ongoing
fight against the Covid-19 pandemic in the continent.
The announcement was made after the approval of the 2019 final accounts of Africa Re by the General Assembly on 26 June 2020.
This assistance will be managed by the Africa Re Foundation, an independent institution, set up to
handle the corporate social responsibility projects of the Africa Re Group.
This support will be channeled to various government and private institutions at the forefront of the fight against the pandemic for awareness campaigns, preventive measures, acquisition of medical equipment and personal protective equipment.
Despite the obvious negative outlook for the African insurance and reinsurance industry for 2020, Africa Re wishes to strengthen the capacity and capability of Africa’s public health institutions to ensure a quick recovery from the ongoing health crisis.
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