Representatives from fifteen French and English-speaking African countries gathered in Togo on Saturday (23 June) for the first annual meeting of the African Reinsurance Corporation -- or AFRICARE.
LV & SV EXTERIOR Delegates arriving at the conference centre. (2 SHOTS)
LV & SV Finance and Economy Minister of Togo, M. Tevi-Benissan, addressing conference. (2 SHOTS)
SV & CU Delegates seated, listening. (4 SHOTS)
Script is copyright Reuters Limited. All rights reserved
Background: Representatives from fifteen French and English-speaking African countries gathered in Togo on Saturday (23 June) for the first annual meeting of the African Reinsurance Corporation -- or AFRICARE. The Corporation was founded in January 1977 to foster the development of the insurance and reinsurance industry in Africa.
SYNOPSIS: The delegates and observers from other organisations gathered for the two-day conference at the headquarters of the Togolese ruling party, the RPT, Rassemblement du Peuple Togolais. It was the first full meeting of members of AFRICARE since the organisation was founded. Delegates heard reports from the board of directors and examined the Corporation's first set of annual accounts.
The Togolese Minister of Finance and the Economy, Mr. Tete Tevi-Benissan, addressed the opening session of the conference. He told delegates that AFRICARE was a privileged instrument for challenging and mobilising economic resources. Efficient management and development of the Corporation would mean the welfare of the people it serves would be guaranteed. And he stressed that the Corporation must prove that it can compete on an equal footing with U.S. and European insurance organisations in the growing insurance markets on the African continent.