Sanlam Remains Committed to the Ghana Market
26 June 2017
The Sanlam Group, through its Sanlam Emerging Markets (SEM) business cluster, remains committed to the Ghanaian market and will seek opportunities to affirm this position following the recent disposal of the Group’s shareholding in Ghana-based Enterprise Group Limited (EGL).
The partnership between Sanlam and EGL, the second largest life insurance company in Ghana, started in 2005 when Sanlam acquired 100% of African Life. In 2010, Sanlam and Enterprise Group entered into a joint partnership to establish Enterprise Trustees Limited, in which Sanlam held 40%. In an effort to expand its general insurance footprint, Sanlam also acquired a 40% shareholding in Enterprise Insurance Company (EIC), one of the largest general insurance companies in Ghana, in October 2014.