By: Precious Miracle Kargbo Snr
In a significant boost to Sierra Leone’s insurance sector, President Julius Maada Bio on March 31, 2026, officially commissioned the headquarters of the WAICA Reinsurance Corporation and pledged support for credible investments at Hill Station in Freetown.
The event highlights the government’s continued commitment to building a resilient and competitive economy through strategic investment and partnerships.
In his keynote address, President Bio reaffirmed his administration’s dedication to supporting credible investments, stressing the importance of strong public-private partnerships in driving national development.
He noted that the WAICA Reinsurance Corporation, established in Sierra Leone in 2011, has grown into one of the leading reinsurance firms in Sub-Saharan Africa, currently ranked as the seventh largest in the region (excluding South Africa).
The commissioning of the new headquarters forms part of the company’s 10th anniversary celebrations and reflects its confidence in Sierra Leone’s economic prospects.
With operations spanning over 45 countries, WAICA Reinsurance Corporation has made significant contributions to the country’s insurance industry through capacity building, technical expertise and reinsurance support.
This milestone aligns with President Bio’s broader vision for economic diversification and sustainable growth. In his 2026 New Year address, he emphasized the need to create an enabling environment for Small and Medium-Sized Enterprises (SMEs) and credible investors.
The establishment of the new headquarters is therefore seen as a strong signal of investor confidence and a step forward in strengthening Sierra Leone’s financial and insurance sectors.
