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01 53 32 75 75
Contact us
01 53 32 75 75
This agreement, built on strong synergies between the microfinance and insurance sectors, marks a significant milestone for the financial institution. It presents an opportunity for Advans Cameroon to strengthen its market position and increase its impact on the communities it serves.
Mamie Kalonda, CEO of Advans Cameroon, stated: “The entry of SUNU Assurances Vie Cameroun is excellent news for our institution. We hope that this partnership will soon allow us to expand our range of products for the benefit of our clients, their businesses and their families, by strengthening our tailored insurance offering, while continuing our mission of financial inclusion, serving Cameroon’s micro, small and medium-sized enterprises.”
SUNU Assurances Vie Cameroun has acquired a 24.88% stake in Advans Cameroon. Advans SA SICAR, the holding company of the Advans group, remains the majority shareholder of the Cameroonian institution.
Dimitri Iriyé, CEO of SUNU Assurances Vie Cameroun, commented: “Joining the capital of Advans Cameroon is more than a strategic investment. It’s a concrete commitment to inclusive and accessible finance. By partnering with a mission-driven player like Advans, we aim to build simple, innovative and useful insurance solutions that are within reach for all – including those previously excluded from traditional financial systems.”
This alliance strengthens a strategic partnership initiated in Côte d’Ivoire. In December 2021, SUNU Assurances Vie Côte d’Ivoire acquired a 10% stake in Advans Côte d’Ivoire. This partnership enabled the launch of insurance products such as Soutra, Hospit, Agrissur and Oukalé – funeral and hospitalization insurance products that have been embraced by over 35,700 Advans Côte d’Ivoire clients to date.
In addition, Advans’ subsidiary in the DRC, Advans Congo, and SUNU Group are currently exploring the possibility of launching insurance products for Advans’ local customer base.
Steven Duchatelle, CEO of the Advans group, concluded: “We are delighted to strengthen our collaboration with SUNU Group, with whom we share a common vision of financial inclusion. Their insurance expertise and pan-African presence enhance our ability to deliver tailored financial services to meet the specific needs of our clients in Côte d’Ivoire, Cameroon, and beyond.”
About Advans Group
Founded in 2005, Advans is a pan-African microfinance group whose mission is to foster financial inclusion and empower small businesses and underserved populations who lack access to traditional banking. Operating in six African countries, Advans provides tailored financial services that promote entrepreneurship and local economic development.
For more information, visit www.advansinternational.com.
About Advans Cameroon
Operating since 2007, Advans Cameroon is the oldest subsidiary of the Advans group in Africa. With a network of 14 branches and 400 employees, Advans Cameroon serves over 75,000 clients across the country, offering a full range of financial services. With an outstanding loan portfolio of €54 million and deposits totaling over €43 million, Advans is one of the leading microfinance institutions in Cameroon.
For more information, visit www.advanscameroun.com.
About SUNU Group
Founded in 1998 by the late Mr. Pathé DIONE, SUNU Group is a pan-African financial services group operating in 17 African countries, with more than 35 subsidiaries and affiliated companies. A leader in life insurance in the CIMA region, SUNU Group manages over XOF 852 billion in assets.
For more information, visit www.sunu-group.com.
About SUNU Assurances Vie Cameroun
SUNU Assurances Vie Cameroun specializes in marketing life insurance products through businesses and institutions. Its sales network, composed of direct offices in Douala, Yaoundé and Bangui, as well as general agents and brokers, enables it to cover all ten regions of Cameroon and the Central African Republic.
For more information, visit www.sunu-group.com/fr/notrereseau/filiales/cm.
Media Contacts:
| Simon Ekoko Head of Marketing & Communication Advans Cameroon sfekoko@advanscameroun.com Tel : +237 695 780 323 |
Sophie Jambon Head of Marketing & Communication Advans International sjambon@advansgroup.com Tel : +33 (0)1 53 32 75 75 |
Aude Nlembe
Head of Marketing & Communication
SUNU Assurances Vie Cameroun
aude.nlembe@sunu-group.com
Tel: +237 699 871 459