SanlamAllianz: Why the insurance giant is slow to attract global funds SanlamAllianz, the result of a merger between South African insurer Sanlam and German insurer Allianz, now operates in 27 jurisdictions across Africa. The group, led by CEO Hennie Nel, has set a target to double its profits by 2030, relying on growth in the continent’s mass market. Despite the optimism surrounding the joint venture, the company remains cautious about its potential role as a catalyst for financing Africa’s infrastructure and energy transition. While the partnership has been praised as a new African insurance powerhouse, global investors seeking to address the continent’s large infrastructure financing gap are uncertain about the venture’s capacity to mobilise capital. The article was published today at 08:27, with a reading time of 3 minutes. It was written by Leanne de Bassompierre, economics journalist at The Africa Report.
Article source: JeuneAfrique | Image credit: JeuneAfrique