{"id":39422,"date":"2019-05-31T08:22:54","date_gmt":"2019-05-31T08:22:54","guid":{"rendered":"https:\/\/new.igihe.com\/bk-group-plc-moves-to-acquire-sonarwa\/"},"modified":"2019-05-31T16:13:17","modified_gmt":"2019-05-31T16:13:17","slug":"bk-group-plc-moves-to-acquire-sonarwa","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/bk-group-plc-moves-to-acquire-sonarwa\/","title":{"rendered":"BK Group Plc moves to acquire SONARWA"},"content":{"rendered":"<p>The company continues to record very good performance where it earned Rwf 690 million profit in the first quarter of 2019 up from Rwf 79 million last year equivalent to the growth of 701%.<\/p>\n<p>At the beginning of this year, South Africa\u2019s insurance company, Sanlam acquired shares in SORAS and Saham merging them under one insurance company. <\/p>\n<p>The development was attained after SAHAM also acquired shares in CORAR.<\/p>\n<p>The CEO of BK Group Plc, Dr Diane Karusisi has told IGIHE that BK General Insurance performance over the past three years is very impressive noting that it is not enough for it to become the leading insurance company in Rwanda. <\/p>\n<p>Commenting on the merger with Sonarwa she said: \u201cWhen you look at the insurance sector, SORAS and SAHAM have already been merged. Today we are ranked the 3rd insurance company yet. We also want to be leading in insurance services in the country. That is why we look at how to partner with others to expand our activities to take the lead in insurance sector.\u201d <\/p>\n<p>\u201c We want to see how to make one insurance company. We will let you know this year because we want to finalize discussions before merging operations to create one big insurance company in Rwanda,\u201d added Dr Karusisi. <\/p>\n<p>BK General Insurance has total assent of Rwf 8.6 billion. <\/p>\n<p>Sonarwa was the first insurance company in Rwanda established in 1975 by the Government of Rwanda. It offers diverse insurance products including motor insurance, fire insurance, life insurance, children education insurance and money insurance. <\/p>\n<figure class=\"spip-document spip-document-29391 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/dr_diane_karusisi_avuga_ko_bk_group_yifuza_kongerera_imbaraga_urwego_rw_ubwishingizi-d3ef7.jpg\" alt=\"Dr Diane Karusisi said that BK Group Plc wants to improve the performance of insurance companies in Rwanda\" \/><\/figure>\n<figure class=\"spip-document spip-document-29392 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/umuyobozi_mukuru_wa_bk_general_insurance_alex_bahizi_hagati_avuga_ko_abakiliya_b_iki_kigo_bakomeje_kwiyongera_ari_nako_baha_serivisi_nziza_abasanzwe-352d0.jpg\" alt=\"the Chief Executive Officer of BK General Insurance, Alex Bahizi, said that the number of their customers keep on increasing as they improve their services\" \/><\/figure>\n<figure class=\"spip-document spip-document-29393 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/umuyobozi_mukuru_wa_bk_group_plc_dr_diane_karusisi_avuga_ko_iyi_banki_yishimiye_inyungu_yabonye_mu_gihembwe_cya_mbere_cya_2019-0aaf9.jpg\" alt=\"The CEO of BK Group Plc, Dr Diane Karusisi stated that BK General Insurance performance over the past three years is very impressive\" \/><\/figure>\n<figure class=\"spip-document spip-document-29394 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/umuyobozi_ushinzwe_imari_muri_bk_nathalie_mpaka-2-d9b42.jpg\" alt=\"Nathalie Mpaka The Chief Financial Officer at BK Group\" \/><\/figure>\n<figure class=\"spip-document spip-document-29395 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/314a0978-d7a8f.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-29396 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/314a0986-e8d22.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-29397 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/314a0966-0556d.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>BK Group Plc is holding discussions with SONARWA to set up a merged insurance company in Rwanda with improved performance taking lead in the sector. <\/p>\n<p>In 2017, BK Group Plc launched BK General Insurance (BKGI).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-39422","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/39422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=39422"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/39422\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=39422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=39422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=39422"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=39422"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=39422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}