AfriGroup Holding, has obtained the approval of the Inter-African Insurance Markets Conference (CIMA) to create two new companies, one dedicated to life insurance and the other to non-life insurance.

The Cameroonian insurance market will expand with the creation of two new companies, fully controlled by Afrigroup Holding. In Abidjan, Côte d'Ivoire, the institution recently obtained the favorable opinion of the Inter-African Conference on Insurance Markets (Cima) to launch into the life and non-life segments. This is a new field of activity for the group, which is already present in banking, health, food, general trade and real estate.

Arnold Nkemla Sugewe, administrative and financial director of CCA Bank, was accompanied at the Cima headquarters by two well-known figures in the sector. They are Esther Tiako, former CEO of NSIA Assurances SA Cameroun, who is expected to chair the boards of directors of both companies, and Norbert Ngniwake, former CEO of Atlantique Assurance, who could join the operational