FANAF: The delicate use of dialogue

Sub-Sahara Africa is often perceived as an unorganized market, engulfed in political and economic crises. Despite this unfavorable environment, some companies and organizations are showing signs of satisfaction and most importantly of hope, and FANAF stands among these African success stories.

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The insurance professional organization, one of the continent’s most ancient, comprises 214 members. Its annual general assemblies, the latest of which held in February 2020 in Libreville, regularly attracts more than 1000 participants.

FANAF, ever-expanding year-on-year, owes its success to a number of factors, the first of which pertains to the capacity of its members to communicate through dialogue and cooperation. This latter practice was adopted during the latest general assembly’s event. The election of the president of FANAF ended with two remarkable "standing ovations". The first paying tribute to Théophile Moulong who, in an exquisite elegant move, withdrew from the presidential race in the very last minutes preceding the vote, the second to César Ekomie-Afene who was elected after a well-run campaign.

The second factor is historical. The countries having initiated the project share the same geographical space and the same language. These assets create similarities and promote exchange.

The third factor is related to the countries of the CIMA zone, the driving force of the organization and that are endowed with joint insurance legislation. FANAF has, therefore, become the market’s privileged interlocutor with the regulators.

The last enabling factor is of organizational nature. FANAF is an organization operating in a democratic fashion through the election of its leaders by means of secret ballot. The leaders discharge beneficently their mandate whose number and length are limited.

FANAF: The delicate use of dialogue

Atlas Magazine N°169, March 2020 [1]