Nairobi, July 12 -- Kenya Reinsurance Corporation increased its investment in its Zambian subsidiary by Sh284 million last year, more than doubling its total capital in the unit to meet the revised capital requirements.

The reinsurer's latest disclosures show the fresh capital increased the value of investment in the Zambian unit to Sh498.5 million in 2025 from Sh214.9 million a year earlier.

Kenya Re Group MD Hillary Wachinga told the Business Daily the reinsurer injected 50 million Zambian Kwacha (Sh284 million at the time of recapitalisation) to comply with the new requirements.

"The 50 million Kwacha was to meet regulatory requirements in line with Zambia's Pensions and Insurance Authority," Dr Wachinga said.

Zambia introduced the...