Insurers Sanlam and Allianz to launch joint Africa venture

Sanlam House on Kenyatta Avenue in Nairobi.  

Photo credit: File | Nation Media Group

Insurance firms Allianz SE and Sanlam Limited are now ready to unveil their multi-billion-shilling joint venture after months of negotiations that included agreeing on the final shareholding structure.

The planned launch comes after they announced in September last year that they had received regulatory approvals, for the joint venture that will create a Pan-African non-banking financial services company with a presence in 27 countries in Africa including Kenya.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.