Sanlam eyes move into Zimbabwe
SANLAM Emerging Markets says it is looking to expand into Zimbabwe in the next year or two after its Kenyan subsidiary made an acquisition in a short-term insurance business in the east African country.
Sanlam Emerging Markets said Kenyan subsidiary Pan African Insurance Holdings (PAIHL) had bought a 56% stake in Gateway Insurance Company for about $8m. The deal gives Sanlam an opportunity to sell the full gamut of nonbanking financial services in Kenya.
‘Tired, Sickly’ Mugabe Has Nothing to Offer Zimbabweans – MDC
Zimbabwe’s main opposition party, the Movement for Democratic Change (MDC), says Zimbabweans should not expect “anything meaningful” to come out of President Robert Mugabe’s state of the nation address (Sona) scheduled for Tuesday.
In a statement sent to News24, the MDC said Mugabe, 91, won’t proffer any sustainable solutions to the country’s economic and political crisis.