logoBC
Yaoundé - 29 March 2024 -
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

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »