Hollard Namibia, recently opened a subsidiary in Zambia as part of efforts to increase its foothold in the SADC region. Hollard Namibia, which boasts of a 19% market share in short term insurance in Namibia, invested over US$1 million for the Zambian operation after obtaining a licence in April. The Zambian subsidiary will specialise in short term insurance. More detail via Namibia Economist.
This is great news. This shows that SADC economic integration is going on well. It also shows that Zambia is a good investment destination.
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