EXCLUSIVE!
The chief executive officer, Business Development Cluster,
Liberty Group, Mr. Mukesh Mittal, has said that his company is
planning an expansive footprint in Nigeria by 2014.
Disclosing this to DigitalSENSE Business News in a
chat with selected African editors at a breakfast in Grahams Town, Eastern Cape
region of South Africa, as a sideline event at the 2013 Highway Africa
Conference, Mr. Mittal revealed that as part of the investment plan for West
Africa that Liberty Group’s insurance subsidiary will relocate to the sub-region
and particular, Nigeria.
“It is quite expansive foot print. We propose to next year
on the insurance side to locate to Nigeria,” he declared, which will enable the
introduction of short business which is multi-cover or household cover.
He said that is represented in Nigeria by Total Health Trust
(THT), which is doing very well, describing Nigeria as a nation with huge
potentials, capacity and extremely large population as well as high broad
prospective.
“We are looking at the insurance business there as well as
expanding our management capabilities to Nigeria, Ghana and rest of West Africa,”
he said.
In Southern
Africa, he said, Liberty Group has presence in Botswana, and Namibia outside
South Africa, even as they are strategising into Zambia, next year through the
insurance vehicle.
“Our business is actually pan-African business. So, what we
have to offer is the solution to the senior management and top management
across the continent so that is why we are present in 15 countries, we are in
places like Zimbabwe, Malawi, Mozambique,” he said.
DigitalSENSE
Business News recalls that the group’s equity value report indicated that Liberty
presents a “group equity value” report to reflect the combined value of the
various components of its businesses. Citing
for instance that in South Africa covered business includes a wholly owned
subsidiary, Liberty Group Limited, comprising the cluster of South African
long-term insurance entities and related asset holding entities.
... Making SENSE of digital revolution!
*Pix: Mukesh Mittal and Mandy Denton
No comments:
Post a Comment