logoBC
Yaoundé - 14 July 2020 -
Insurance

Insurer Saham Life Insurance Cameroon increases its capital to XAF3.1bln

Insurer Saham Life Insurance Cameroon increases its capital to XAF3.1bln
  • Comments   -   Thursday, 11 April 2019 15:28

(Business in Cameroon) - Insurer Saham Life Insurance Cameroon increases its capital share to XAF3.12 billion from XAF1.37 billion previously, an improvement by XAF1.75 billion.

The company is expecting some major changes in May this year. Indeed, shareholders are invited to an extraordinary meeting May 6 in Douala to discuss points including the capital increase. The Board plans to cancel shareholders' preferential rights to subscribe at the time of the capital increase; a move which is said to ease the entry of new shareholders including South Africa’s Sanlam Group, the major shareholder.

Further, Saham also aims to amend its charter. Created by Cameroonian Protais Ayangma, the company officially changed majority shareholder on October 9, 2018. It was originally known as the National Insurance Company (CNA), then La Citoyenne Assurance, then Colina (2008), and finally took the name of Saham Assurance Cameroun in 2014.

S.A

Lire aussi:

12-10-2018 - Sanlam acquires majority stake in Saham Assurance Cameroun

port-of-douala-rtc-posts-cfaf19-7-bln-turnover-for-end-may-2020
At the end of May 2020, Régie du terminal à conteneurs du port de Douala (RTC) posted a CFAF19.7 billion turnover despite the coronavirus pandemic and the...
cameroon-plans-to-orient-public-companies-towards-non-sovereign-loans-to-relieve-the-public-treasury
Cameroon plans to control the debts generated by public institutions and enterprises over the 2021-2023 period, according to the provisions included in...
sabc-announces-the-return-of-draught-beer-in-douala-and-yaounde-after-about-2-years-suspension
"It is with great pleasure that we announce the return of draught beer in the cities of Douala and Yaounde.” This message was published on July 13 by...
cemac-member-countries-raised-cfaf262-3-bln-on-the-money-market-in-march-2020
CEMAC countries raised CFAF262.3 billion on the money market in March 2020, according to the monthly statistics bulletin published by the Bank of Central...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »