17, December 2024
Douala: Sanlam and Allianz finalize merger to form SanlamAllianz 0
German insurer Allianz and South African insurer Sanlam officially announced their merger. The merger, which was finalized after an extraordinary general meeting of their Cameroonian subsidiaries on July 22, has created two new companies: SanlamAllianz Cameroun Assurances, which handles general insurance and is led by Olivier Malatre, and SanlamAllianz Cameroun Assurances Vie, which focuses on life insurance and is headed by Laya Sidibé.
“The insurance market in Cameroon is growing rapidly, with increasing demand for more diverse services and customized solutions. The merger between Sanlam and Allianz meets this demand by combining the strengths of two industry leaders. Sanlam brings deep knowledge of the African market, while Allianz contributes global expertise and technological innovation. Together, they create a synergy that will greatly benefit the Cameroonian population,” said Heinie Werth, CEO of SanlamAllianz.
SanlamAllianz now holds a significant position in Cameroon’s insurance market, with over CFA51 billion in revenue. More than CFA26 billion comes from SanlamAllianz Cameroun Assurances Vie, based on 2023 data. With the country’s total insurance market revenue reaching CFA272.5 billion at the end of 2023, according to the Association of Insurance Companies of Cameroon (ASAC), SanlamAllianz now controls 18.7% of the market.
The merger agreement was first announced on May 4, 2022, in a statement released on the Johannesburg Stock Exchange. Sanlam, Africa’s largest listed insurance group, had reached a deal to combine its pan-African operations with German group Allianz.
According to the terms of the agreement, Continental-Re, a reinsurer also operating in Cameroon, is not included in the deal. It remains under Sanlam’s ownership, as the group acquired it in 2018 after purchasing Moroccan insurer Saham.
The agreement also states that Allianz holds a 40% share in the newly formed entity, with an option to increase its ownership to 49%. The remaining shares remain under Sanlam’s control.
Source: Business in Cameroon



























17, December 2024
SDF leaders mobilize support for Joshua Osih ahead of 2025 presidential election 0
The leaders of the Social Democratic Front (SDF) in Cameroon’s Centre region are calling on party militants to mobilize in support of Joshua Osih’s candidacy for next year’s presidential election. During a recent meeting of the region’s Executive Committee, it was agreed that every party member should act as an “ambassador” for Osih’s campaign. Additionally, the regional leadership is aiming to expand its ranks by recruiting new sympathizers, a move also intended to prepare for the upcoming legislative and municipal elections.
The critical question now is whether these measures will be enough to strengthen the SDF’s presence in the Centre region, particularly ahead of the presidential election. To meet this challenge, the party will need to urgently revitalize its grassroots structures. According to the December 2024 edition of the SDF newsletter, the latest Executive Committee meeting found that “most of the structures across the region’s ten departments are inactive.”
A reorganization of these structures appears to be in the works. This is not the first time the SDF has attempted such an overhaul. After disappointing results in the 2020 legislative and municipal elections in Mfoundi—Yaoundé’s most significant department—the party launched efforts to revive its activities there. However, four years later, little progress has been made, as the Executive Committee acknowledges that operations in Mfoundi remain nearly stagnant.
Joshua Osih, who hopes to run for the presidency as the head of a platform comprising political parties, trade unions, and associations, faces significant challenges. In the 2018 presidential election, Osih finished in fourth place with a lackluster result, marking a major setback for the SDF, which lost its position as the leading opposition party. At the time, the party attributed its poor performance to the security crisis in the North-West and South-West regions (Noso)—traditional SDF strongholds—where many militants were unable to vote.
Source: Business in Cameroon