Transfer/acquisition: Sanlam and NSIA consolidate their positions in Africa

As part of the development strategy in Central and West Africa, NSIA and Sanlam have signed a mutual transfer/acquisition agreement.

Sanlam has acquired NSIA's Malian life and non-life insurance activities. This transaction is in line with the South African insurer's strategy to strengthen its position in Mali.

Sanlam is transferring its life subsidiaries in Togo and Gabon as well as its non-life entities in Congo and Guinea to NSIA. The NSIA group is thus consolidating its position in the aforementioned countries.

All these transactions are subject to the approval of the supervisory authorities.