It was the deal of the year in the insurance world and one of the most significant in finance. Last September, the pan-African giant Sanlam, operating in almost 30 African countries, and the German powerhouse Allianz, boasting approximately $162bn in revenue in 2022, merged their operations on the continent. The result: a combined portfolio of $2.1bn, presence in 27 countries (excluding South Africa), and a strong ambition to become the leader in “insuring the uninsured” wherever possible. There's more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa.

Source: The North Africa Journal November 14, 2023 14:34 UTC