Cameroon Tribune (Yaoundé)

25 February 2013

Cameroon: Prime Minister Philemon Yang Receives Saham Group President

The Prime Minister, Head of Government, Philemon Yang yesterday, February 25, 2013 received in audience the President of Morocco's insurance Saham Group, Moulay Hafid Elalamy. The affiliates of the group in Cameroon are Colina Cameroon and Colina Life Cameroon.

Accompanied by three officials, Saham Group President used the courtesy visit to present to the Prime Minister other investment sectors the group wants to embark on in Cameroon. Talking to the press after the audience, Moulay Hafid Elalamy, who is in Cameroon to participate in the 37th Annual General Assembly meeting of the Federation of Insurance Companies in Africa, said the group operates four enterprises in Cameroon. Life and automobile insurance companies with investments in the real estate and health insurance sectors.

The audience with the Prime Minister, he said, was to present the group's investment capacities for Cameroon and the entire African region. The Saham Group that is involved in insurance, off-shoring and medical assistance, operates in 16 African countries.

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