African Life Insurance obtains its license

African Life Insurance (Aflife) was granted a license to market insurance policies, starting from April, 1, 2005 in Dar es-Salaam.
In Tanzania, the South African insurer will offer life products in a market whose potential is likely to grow by up to 10% in 2005. Out of the total of 17.8 million people in the country, only 100 000 of the working population benefit from such a coverage.
African Life is operating in South Africa, Botswana, Zambia, Kenya, Lesotho, Namibia and Ghana. Africa Life holds 65% of the 15 million ZAR (2.6 million USD), capital of the Tanzanian company.