Tanzania, Aug. 14 -- Dar es Salaam. Kenya Reinsurance Corporation Ltd (Kenya Re) is set to enter Tanzania's insurance market, with plans to invest more than $20 million and provide reinsurance services and technical expertise to local insurers.

The Kenyan reinsurer, which operates in 90 countries, expects to launch operations in Tanzania on September 1, 2026, subject to obtaining the necessary regulatory approval.

Kenya Re Managing Director, Dr Hillary Wachinga, said the company was engaging Tanzanian regulators as part of preparations to begin operations in the country.

Speaking to journalists in Dar es Salaam on Thursday, he said the company's role would be to provide insurers with additional financial capacity to underwrite larger r...