Sodecoton offers one billion FCFA in contracts to three Cameroonian insurance companies

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Sodecoton offers one billion FCFA in contracts to three Cameroonian insurance companies

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- Wednesday, 12 August 2015 03:13

(Business in Cameroon) - Three insurance companies have just been announced as recipients of a contract for general insurance contract subscription to Société de développement du Coton (Sodecoton), for 2015, 2016 et 2017, announced the government in an official release.

Over 50% of the total value of a one billion FCFA contract (577.5 million FCFA) has been copped by the Cameroonian subsidiary of the Saham group. Activa assurances landed 262.5 billion FCFA, against 210 millions FCFA for Zenith Assurances.

The former leader of the Cameroonian insurance market but embroiled in internal leadership squabbles, Chanas Assurances failed along with other bidders such as Nsia, Saar, and Area.

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