NSIA Participations SA signed an agreement to acquire Life insurance unit in Togo, Life insurance unit in Gabon, Non-Life Insurance in Congo and Non-Life in Guinea of Sanlam Limited (JSE:SLM) on September 22, 2021. Under the terms of the transaction, Sanlam will acquire Life and Non-Life subsidiaries of NSIA in Mali. The transaction is subject to validation by the supervisory authorities of CIMA, CEMAC and the Central Bank of the Republic of Guinea. Daouda Ba of Vaughan Avocats and Naciri & Associés Allen & Overy acted as the legal advisors to SANLAM.