Hollard International completes acquisition of Absa's insurance operations in Mozambique and Botswana

Hollard International, the international subsidiary of the South African Hollard Insurance Group, has completed the acquisition of Absa Group's activities in Mozambique and Botswana.

Under the terms of the transaction, Hollard Moçambique Seguros has acquired 100% of the share capital of Global Alliance Seguros. As for Hollard Life Botswana, it has taken full control of Absa Life Botswana.

Both acquisitions were concluded following an agreement signed in July 2024 whereby Hollard International had acquired Absa's insurance businesses in Mozambique, Botswana and Zambia.