Koné Mamadou, president of the Association of Insurance Companies of Côte d’Ivoire (ASACI), was elected president of the Federation of African National Insurance Companies (FANAF) following a vote held on Wednesday, February 11 during the organization’s general assembly in Abidjan. The vice presidency goes to Aymric Kamega, CEO of ACAM Vie (Cameroon).
“This victory symbolizes the unity of all insurers, both those who supported my election and those who did not,” said the newly elected president.
As the CEO of SanlamAllianz Côte d’Ivoire since 2014, Koné Mamadou succeeds Gabonese César Ekomie-Afene, who has been in office since February 2020. The new president of FANAF is a graduate of the International Institute of Insurance (IIA) in Yaoundé, the National School of Statistics and Economic Administration (ENSAE) in Paris, and the London Business School.
Koné Mamadou, also vice president of the General Confederation of Ivorian Companies (CGECI), boasts around 30 years of experience in the African insurance sector, which faces numerous challenges.
Indeed, the sector faces major structural challenges on the continent characterized by a very low penetration rate (around 2.4% to 3% in 2023-2024), a low insurance culture, and limited purchasing power. The market must also overcome a lack of trust, a context of deficient infrastructure, and disparate regulations in order to develop.
