Supply chain integrity boost in DRC

Supply chain integrity boost in DRC

Supply chain integrity boost in DRC

A system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo (DRC) has been successfully launched to give more integrity to the supply chain out of the country. The Just Gold project began as a pilot in Ituri Province in 2015, but has now moved from the pilot stage, having proven a successful chain of custody…

S&P affirms Cameroon rating while warning of political risks

S&P affirms Cameroon rating while warning of political risks

S&P affirms Cameroon rating while warning of political risks

Standard & Poor’s Global Ratings (S&P) has affirmed its B long-term and B short-term sovereign credit ratings on Cameroon, with a stable outlook, however, it has warned that risks around the presidential succession are high. It said: “The ratings are constrained by our view of political risk pertaining to presidential succession, low income per capita and our expectation of a…

3TG supply chain risks overlooked by tech firms: Maplecroft

3TG supply chain risks overlooked by tech firms: Maplecroft

3TG supply chain risks overlooked by tech firms: Maplecroft

Technology companies are ignoring human rights issues and associated supply chain risk at key mining sites where 3TG minerals are sourced for the production of smartphones and computers, according to risk consultancy Verisk Maplecroft. Verisk Maplecroft’s Commodity Risk Service reveals that technology companies tend to focus on risks at traditional mining sites in DR Congo and the Great Lakes region…

Sucker punch: political bungling sets South Africa on the recession path…

Sucker punch: political bungling sets South Africa on the recession path…

Sucker punch: political bungling sets South Africa on the recession path…

In December 2015, South Africa made international headlines after going through three finance ministers in just four days. Nhanhla Nene was replaced by David Van Rooyen, since dubbed the ‘weekend minister’, before sanity prevailed and the portfolio was handed to the respected Pravin Gordhan. Mr Gordhan set about undoing the damage caused by this cynical political shuffling, working round the…

RSA expands global network coverage in Africa

RSA expands global network coverage in Africa

RSA expands global network coverage in Africa

International insurer RSA has extended an existing partnership with the Africa-based insurance network, Globus, to service multinational customers in five more African countries. This new arrangement enables RSA Global Network to provide insurance services to customers with operations in Botswana, Congo, Mauritania, Zambia and Zimbabwe. RSA Global Network’s new partners are the Globus members Phoenix of Botswana, Assurances Generales du…

Changing US rules would increase violence in DRC

Changing US rules would increase violence in DRC

Changing US rules would increase violence in DRC

The likely suspension of a portion of the US’s Dodd-Frank rule on ‘conflict minerals’, as outlined in a leaked White House memo, will exacerbate already high levels of violence in the Democratic Republic of Congo (DRC), according to Anaïs De Meulder, Africa analyst at Verisk Maplecroft. Several sources have been suggesting President Trump will sign an executive order that will…

Congo and Mozambique ratings affirmed by S&P

Congo and Mozambique ratings affirmed by S&P

Congo and Mozambique ratings affirmed by S&P

The Democratic Republic of Congo’s (DRC) B-/B ratings have been affirmed by S&P Global Ratings but the outlook remains negative thanks to a mix of political and fiscal risks, while S&P has affirmed the Mozambique foreign currency ratings at SD/D. Mozambique’s local currency ratings have been affirmed at B-/B with a stable outlook, all thanks to continuing uncertainty around fiscal…

Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017

Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017

Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017

S&P Global Ratings expects economic conditions for SSA economies to remain challenging in 2017, partially because of the region’s high commodity dependence and relatively slow growth in key exports markets, including China and Europe. The prediction came as S&P published its Sub-Saharan Africa Sovereign Rating Trends 2017. S&P currently rates 17 sovereigns in Sub Saharan Africa (SSA), up from 12…

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Estimates suggest that of the 1.2 billion people in the world who do not have access to electricity, half live in Africa. One way forward to solve Africa’s power supply problem is to give people access to electricity through the development of off-grid and ‘mini-grid’ solutions. However, this technology remains nascent and there are a number of barriers to widespread uptake.