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International

Two South African insurers acquire Ugandan counterparts

January 04, 2018 Reprints

South Africa-based insurer Sanlam Ltd. has acquired Uganda-based counterpart Lion Assurance Co. Ltd., NTV.co.ug reported. Additionally, South Africa-based insurer Liberty Holdings Ltd. has acquired a significant stake in Uganda-based East African Underwriters Ltd. Additionally, Ugandan insurers are also looking to tap into opportunities in the country's nascent oil and gas industry.

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Two South African insurers acquire Ugandan counterparts

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