CIC Insurance Group Limited (NASE:CIC) is seeking to dispose of at least a 30% stake in CIC Africa (Uganda) Limited by selling the shares to savings and credit cooperative societies in the neighbouring country. CIC entered Uganda in 2014 through a joint venture with Uganda Co-operative Savings and Credit Union Ltd and Uganda Co-operative Alliance Ltd, which jointly control a 10% stake. CIC currently holds a 90% stake in the subsidiary.