1.0. PROJECT BACKGROUND
The African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest reinsurer in Africa in terms of net reinsurance written premiums.
The mission of Africa Re is to foster the development of the insurance and reinsurance industry in Africa; to promote the growth of national, regional, and sub-regional underwriting and retention capacities and to support the African economic development.
With headquarters in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Cote d'Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). Africa Re equally has one (1) Local Office in Addis Ababa (Ethiopia), one Underwriting Representative Office in Kampala, Uganda and four (4) Subsidiaries (Africa Re South Africa Limited in Johannesburg (South Africa), Sherborne Number Ten Investment Limited, Africa Retakaful in Cairo (Egypt) and Africa Re Underwriting Agency Limited in Dubai (The United Arab Emirates).
The Corporation, created by a multilateral agreement in 1976, is owned by 42 member states of the African Union (AU), the African Development Bank (AfDB), 113 African insurance and reinsurance companies and three leading global insurance and reinsurance groups. The financial strength and credit rating of the Corporation is "A" by A.M. Best and "A" by Standard & Poor's.
The Mauritius Region is now seeking to purchase a suitable and Grade-A Residential Property for the Regional Director. The scope of work of this project will encompass specific deliverables, as detailed in the following sections.
2.0. PROJECT OBJECTIVES
As part of Africa-Re Investment strategy, the Corporation is undertaking the acquisition of a high-end residential property in Mauritius. This initiative forms an integral step in the broader investment process that accompanies the ongoing increase of Africa-Re's real estate portfolio.
The primary objective of this RFP is to identify and acquire a premium, secure, and well-situated residence suitable for accommodating the Corporation's Mauritius Regional Director and his family. The property is intended to meet international standards of comfort, safety, and functionality, while also reflecting the status and corporate image of Africa-Re.
This RFP therefore seeks proposals from reputable Real Estate Firms/ Agents that can offer properties that align with these established requirements, ensuring a residence that facilitates both the wellbeing of the Regional Director's household.
The appointed company will provide strategic, structural, administrative, legal and functional advisory services to guide decision making, and enhance satisfaction, and long-term value of the property.
