Cica Re: Adoption of an ambitious development plan

Agreed by the last board of directors, this plan which extends over the 2009-2020 period provides among other things: a capital increase from 6 billion FCFA , currently (13.4 million USD) to 20 billion FCFA (44.6 million USD) by the end of June 2011; a large capital opening (49%) to private insurance companies, to banks and other financial institutions; the establishment of regional offices in Abidjan (end of 2010), in the Maghreb (2011-2012) and in East Africa (2014-2015), and finally the provisional turnover is estimated at 40 billion FCFA (89 million USD) by 2020.