The African Reinsurance Corporation (Africa Re) laid the foundation of its new head office in Abuja on Monday 18 November 2019. The Honourable Minister of the Federal Capital Territory, Alhaji Muhammad Musa Bello was Guest of Honour of the ceremony, which was attended by Nigerian Government Officials, members of diplomatic corps, insurance industry captains, representatives of international institutions and dignitaries from various sectors.
The laying of the foundation of the new head office in Abuja signals the imminent relocation of the headquarters of Africa Re from Lagos to Abuja. This relocation, is in line with the practice which requires that diplomatic missions and international institutions should be located in the capital city of the host country. Africa Re’s move to Abuja was delayed until now due to business considerations.