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- May 10, 2012
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Indian telecommunications company Airtel, currently operating in 17 African countries, has entered into a cooperation agreement with South African financial services group, Sanlam, for the distribution of insurance and health funding products
The agreement, which is on a non-exclusive basis, will cover seven African countries in which both companies have presence, namely Kenya, Ghana, Tanzania, Zambia, Uganda, Malawi and Nigeria.
Officials say the new partnership will enhance value for Airtel customers and increase access to insurance which will enable Sanlam to market and sell its Life, General and Health insurance products through Airtel's extensive telecommunications networks in the seven countries.
We are passionate about supplying sound financial solutions to the wider African market and are delighted by this opportunity to provide our services and solutions through Airtel's network, says Ms Margaret Dawes, Executive Director for Africa at Sanlam Emerging Markets.
Chidi Okpala, Airtel's Director & Africa Head, Airtel Money, says the agreement will offer their customers in Africa access to a broad range of sophisticated products and services to support their lifestyles and aspirations.
Mobile money operators in Africa are gradually incorporating a number of insurance packages mostly paid for by deduction from a customers available funds in their e-Wallets.
