By Saidu Jalloh reporter D.S
Freetown – President Julius Maada Bio on Tuesday officially opened the West African Insurance Companies Association Reinsurance Corporation (WAICA Re) headquarters in Hill Station, Freetown, underscoring the government’s commitment to positioning Sierra Leone as a regional financial and investment hub.
The ceremony marked a significant milestone for WAICA Re, fulfilling a 2011 agreement that established the corporation in Sierra Leone. President Bio emphasized the government’s dedication to maintaining a stable regulatory environment, protecting institutional rights, and fostering long-term investment.
“Sierra Leone is open for credible investment and honors its agreements,” he said, welcoming institutions that contribute to regional cooperation and economic resilience.
WAICA Re Group Managing Director Abiola E. Ekundayo hailed the new headquarters as a symbol of the institution’s growth and commitment to Africa, while Group Chairman Kofi Duffuor praised President Bio’s leadership and commitment to upholding agreements.
The commissioning reinforces Sierra Leone’s position as a hub for regional financial services, advancing economic cooperation across West Africa.
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