In the light of current industry reforms, this private placement represents one of the steps we are taking to properly position ourselves as leaders in the industry. We have recently concluded a Rights Issue which has enhanced our Capital Base and we intend to subsequently conclude merger arrangements with some companies whom we have been in discussions with.
Strategic Business Objective
Our business strategy is one that is focused on growth through a continually increasing market share as well as increasing profitability and efficiency in our operations, to ensure increased returns to the Company as well as its shareholders.
Our growth is intended to be both organic, through internal growth, as well as inorganic, through
mergers & acquisitions. Our plans include acquisition of some insurance companies in Africa and an aggressive increase in our branch network, business diversification as well as focusing on the business development areas of research, product development, investment management and marketing.
All these strategies have the singular aim of harmonising demographics, location and market realities to enable the Company deliver excellent services, suitable for our clients.
IGI has also been involved in several cross border investments; we recently acquired 60% shareholding of the National Insurance Corporation Limited of Uganda, which is currently being managed by IGI under a technical management agreement. |
