The APA Apollo Group has completed its acquisition of a majority stake in Meticulous General Insurance Company Limited and Metro Life Assurance Company Limited in Tanzania, the company announced Monday.
The deal, finalized after all required regulatory and legal approvals, makes APA Apollo the controlling shareholder in both firms. The group described the move as a key step in its long-term plan to expand across East Africa and build a diversified, well-governed financial services network in the region.
Protase Ishengoma, chairman of both Meticulous General Insurance and Metro Life Assurance, welcomed the partnership.
“This is an important new chapter for Meticulous General Insurance and Metro Life Assurance, and one that we believe will create significant value for our customers, brokers and business partners,” Ishengoma said. “We are pleased to welcome APA Apollo Group as our new majority shareholder and look forward to combining our strong understanding of the Tanzanian market with the Group’s regional experience, expertise and capabilities.
“For our customers and business partners, the investment brings access to broader expertise, innovative insurance solutions and the strength of a regional financial services group with a growing presence across East Africa. It also gives our businesses the opportunity to draw on the knowledge, technology, partnerships and capabilities of the wider Group as we continue to strengthen our general and life insurance offerings.
“Our priority remains clear: to build on the relationships and trust we have established in the Tanzanian market, while using this new partnership to enhance the quality, accessibility and range of solutions we provide. We are confident that this partnership will strengthen both businesses, create new opportunities for our customers and partners and contribute positively to the continued development of Tanzania’s insurance sector.”
APA Apollo Group, which traces its roots to 1977, operates across general insurance, life assurance, microinsurance, pensions and asset management. It maintains partnerships with international firms including Swiss Re and Hollard International.
Group CEO Risper Ohaga said the Tanzania expansion marks a major milestone.
“Expanding into Tanzania marks a defining milestone in our regional strategy and strengthens our long-term commitment to building a leading financial services platform across East Africa,” Ohaga said. “By bringing together the capabilities, experience and local expertise of our businesses, we can deliver insurance solutions that respond to the evolving needs of customers and businesses in Tanzania.
“Our ambition goes beyond growth. It is about building partnerships that create lasting value for our customers, our people and the communities we serve. Through a culture grounded in excellence, integrity and innovation, we are building a more resilient, inclusive and forward-looking insurance ecosystem that contributes to the economic and social development of the region.”
The acquisition aligns with APA Apollo’s 2026–2030 strategic plan, which focuses on sustainable regional growth, customer focus, digital innovation and strong governance in priority East African markets.
Both Meticulous General Insurance and Metro Life Assurance will continue serving existing clients without interruption while drawing on APA Apollo’s regional underwriting capacity, product development and technical resources.