Partnership between Sanlam and MTN: the “deal” finally approved
The strategic alliance signed between the insurer Sanlam and the telecommunications group MTN in August 2021 entered into force on Monday October 31 after being declared compliant with regulatory requirements. The initiative involves the marketing and distribution of insurance and investment products across Africa through MTN Group's InsurTech aYo platform, in which each partner holds 50%. It will be chaired initially by Ralph Mupita, CEO of MTN Group with Paul Hanratty, CEO of Sanlam Group, as vice-chairman.