Sanlam to acquire Rwandan insurerPosted On: Mar. 26, 2019 6:27 AM CST
South Africa-based insurer Sanlam Ltd. is buying Rwanda-based Soras Group Ltd. as part of its strategy to expand its operations across Africa, The New Times reported citing sources. Under the deal, Sanlam's Rwandan unit – Saham Assurance Rwanda Ltd. – will merge with Soras. The new entity will account for more than 40% of Rwanda's insurance market.