Samb’a Assurances Opens a Subsidiary in Cameroon

The Gabonese group Samb’a Assurances, founded by Andrew Gwodog, is launching “Samb’a Assurances Cameroon,” the first company in the country entirely dedicated to microinsurance.

Based in Douala, the new subsidiary has a share capital of 615.51 million FCFA (1.1 million USD), subscribed by 59 shareholders, 75% of whom are legal entities and 25% are individuals.

The entity offers non-life microinsurance products for low-income populations with premiums not exceeding 3 500 FCFA (6.2 USD) per month.

Barthélémy Zoua, former Regional Manager of CICA-RE for Central Africa, has been appointed CEO of Samb’a Assurances Cameroon.