Socabu was created by decree n°100/61 of 29 June 1977, and issued its first insurance policy in October 1977.

[2] In 1985 the state reduced its stake to 50%, with public and private banks, financial institutions and other companies acquiring the rest of its shares.

[2] As of 2009 Socabu dominated the life and non-life insurance markets in Burundi, which was growing rapidly.

[4] A group of doctors obtained support from Suiss Made International and Lamelec, two Swiss companies that provided 40% and 20% respectively of the capital, and Socabu with another 20%.

[5] The Minister of Public Works, Saidi Kibeya, laid the foundation stone of Kira Hospital on 29 June 2011.