Mauritian insurer MUA strengthens its position in Africa

Mauritian insurer MUA, formerly known as Mauritius Union Assurance, is considering new acquisitions in Africa. Its development strategy, mainly in Eastern Africa, combines internal growth and acquisition. With this in mind, MUA recently raised its stake to 80% in the Rwandan group Phoenix Insurance. The Mauritian insurer is also planning to increase its market share in Kenya, Tanzania and Uganda through new acquisitions.

As a reminder, MUA is one of the leading companies in the Mauritian market along with Swan General and Mauritian Eagle Insurance.