Musa Dudhia & Co (ALN Zambia), one of Zambia’s longest-established legal firms, has been honoured at the fourth edition of the IFLR Africa Awards 2024 in the “Deal of The Year-M&A” category.
Musa Dudhia & Co, founded in 1958, was honoured for its role in the Sanlam Group – Allianz joint venture (JV).
We are thrilled to announce that we have been awarded the M&A Deal of the Year at the prestigious IFLR Africa Awards 2024!
Our dedication, expertise, and teamwork made this achievement possible. A massive thank you to our clients for their continued trust and support – which fuels our passion and drives us to achieve greatness. Here’s to celebrating this milestone together!
Musa Dudhia & Co [LinkedIn Post]
According to the IFLR, the Sanlam Group-Allianz JV needed coordination, legal alignment across many African states (Francophone and Anglophone), and several regulatory approvals.
Sanlam Group – Allianz JV resulted in the creation of the largest pan-African non-banking financial services entity. The deal involved the combination of two significant market players in the insurance sector, requiring coordination and legal alignment across 29 Francophone and Anglophone African jurisdictions, as well as the need to secure over 40 regulatory approvals. The JV agreement concerned 210 Sanlam entities and 40 Allianz entities, resulting in the establishment of Salam Allianz Africa. The sheer volume of assets and the multijurisdictional impact of the contribution arrangement required an unprecedented approach – with various structures being tested – and a unique outcome.
IFLR
On April 11, the IFLR held a dinner in Johannesburg, South Africa to recognise the achievements of the African financial law community. This was the first time the awards ceremony was held in person.
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