Enterprise Group is almost through with plans to expand the Life Insurance business into the Nigerian Market.
This move when successful will see the Group open an operating office in the West African country.
Group Chief Executive of Enterprise Group, Keli Gadgekpo said this when the company took it turn at the ‘fact behind the figures series’ at the Ghana Stock Exchange in Accra.
The Enterprise Group apart from its operations Ghana also operate in the Gambia with a minority shareholding from the Gambia Trust Bank.
According to the company, it is hoping to enter the Nigerian market with the Life Insurance policy for a start.
The idea behind the move is to serve its insurance products and other services to the other African countries.
Mr Gaadgekpo said, “Very soon we will finish the transaction and let the public know about it. What I can say is that you should be watching this space.
The Group is expecting a strong entry with the Life insurance business then the rest will follow later."
He said the Group is ready to meet any minimum capital requirement to be set by the National Insurance Commission.
The Group in its 2017 financial results recorded a total net income of GH₵543 million and total assets worth GH₵1billion.
Have your say
More Business Headlines
- Fidelity Bank outdoors digital branch at KNUST
- Cedi depreciation will be credit negative for Ghana banks – Moody’s warns
- Alliance of Young Entrepreneurs pays familiarisation visit to NBSSI
- Airtel Nigeria in talks with NSE for listing on Nigerian Stock Exchange
- $1.3 trillion and 7,000 finance jobs leaving Britain because of Brexit
- Uber to list on New York Stock Exchange' for stock listing
- Africa World Airlines denies ordering aircraft from COMAC
- Gov’t to double exports by end of 2019 – Carlos Ahenkorah
- Big banks are using AI to keep out of trouble
- World Bank Africa Vice President heads to Ghana for 3-day working visit
- Republic Bank, Vodafone Ghana partner on mobile money transactions
- Climate Week: Place agro-ecology at centre of climate action in Africa -- CSOs demand
- Farmers without alternative jobs getting poorer – Report
- World Bank Africa Vice President Hafez Ghanem to visit Ghana
- Parliament passes Payment Systems and Services bill