Allianz Africa makes key appointments

Allianz Africa makes key appointments

Allianz Africa makes key appointments

Darlington Munhuwani, formerly of Aon South Africa, joined Allianz Ghana on 1 December  to assume the role of CEO, responsible for non-life insurance. He succeeds Patrick Prado, who is taking on a newly-created role as CEO of Allianz Ghana Life Insurance, which will be kicking off shortly, to develop this segment in the Ghanaian market. Both announcements are pending regulatory…

Nigeria faces major skills risk

Nigeria faces major skills risk

Nigeria faces major skills risk

Better education is key if Nigeria is to plug its “Herculean” skills risk, according to a new report. The Future of Work in Nigeria. Bridging the Skills Gap: The Key to Unlocking Nigeria’s Inherent Potential, published by General Electric (GE) Nigeria, highlights the need for investment in sustainable skills development. The report found quality education is crucial to Nigeria’s future…

South Africans urged to manage accident risks

South Africans urged to manage accident risks

South Africans urged to manage accident risks

As many as 14,071 people died on South Africa’s roads in the December holiday season last year – a 9% increase from the12,944 deaths recorded in 2015 – according to the AA. It warned: “This upsurge in accidents and heightened risk on the roads, as well as increased alcohol-related incidents, also coincides with a tendency to let insurance payments lapse…

Regional growth key to sustainable development across Africa

Regional growth key to sustainable development across Africa

Regional growth key to sustainable development across Africa

African presidents have agreed focus on regional integration, inclusive growth and youth empowerment is crucial for continued and sustained growth on the continent. Egyptian President Abdel Fattah Al Sisi hosted African heads of state and business leaders at the Africa 2017 Forum in Sharm El Sheikh, Egypt. including the President of Guinea Alpha Condé, President of Rwanda, Paul Kagame, President…

New claims manager for AGCS Africa

New claims manager for AGCS Africa

New claims manager for AGCS Africa

AGCS Africa has appointed Heleen Ferguson as claims manager. Previously with AIG as a commercial claims manager, she started her insurance career at Mutual & Federal (now Old Mutual Insure) in 1998. Ms Ferguson is an expert in financial lines and casualty

Zimbabwe shifts to attract foreign direct investors

Zimbabwe shifts to attract foreign direct investors

Zimbabwe shifts to attract foreign direct investors

The Zimbabwean finance minister Patrick Chinamasa has signalled a potential shift in policy by unveiling a budget which suggests greater links to the international investment community. Alisa Strobel, senior economist Sub Saharan Africa, IHS Markit, said: “Years of economic mismanagement have led to a collapse in domestic demand, in combination with a struggling manufacturing industry and agricultural sector devastating the…

Sub Saharan Africa in better shape but challenges remain

Sub Saharan Africa in better shape but challenges remain

Sub Saharan Africa in better shape but challenges remain

Ratings agency Fitch has maintained a negative outlook for Sub Saharan Africa (SSA), although the number of sovereigns with negative outlooks has declined. It said the negative outlook for the region reflects upward risks to already high debt levels in several sovereigns and incomplete adjustment to the earlier commodity price fall. However, some progress on fiscal and external adjustment has…

Arbitration on rise as investment grows across Africa

Arbitration on rise as investment grows across Africa

Arbitration on rise as investment grows across Africa

International investment is flowing into Sub Saharan Africa and economic fortunes are on the upswing. One consequence has been an increase in the emergence of disputes, creating an opportunity for states and interested parties to consider whether existing dispute resolution frameworks are fit for purpose. In the energy sector, parties often decline to resolve disputes before the local courts, preferring…

Important to consider all the issues in African infrastructure projects

Important to consider all the issues in African infrastructure projects

Important to consider all the issues in African infrastructure projects

Making a success of energy or infrastructure projects anywhere in Africa is challenging. Developing and financing such a project in Africa will involve a variety of participants – all with their own particular requirements and responsibilities. The question is: how can you make the right choices when it comes to securing investment and selecting project partners? To make the right…

Ethiopia likely to retaliate after tourist killing

Ethiopia likely to retaliate after tourist killing

Ethiopia likely to retaliate after tourist killing

Ethiopia is likely to mount raids on Eritrea-based Afar militants, in retaliation for the death of a European tourist during an attack on the Erta Ale volcano tourist site in Ethiopia’s Afar region by gunmen who had crossed the border from nearby Eritrea. Jordan Anderson, Sub Saharan Africa analyst, IHS Markit, said: “Afar regional police guarding the site exchanged fire…

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