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.

Changing military dynamic may lead to heightened security threat

Changing military dynamic may lead to heightened security threat

Changing military dynamic may lead to heightened security threat

The Ugandan People’s Defence Force’s (UPDF) phased withdrawal of its 2,500 troops from the African Union Regional Task Force (AU–RTF), scheduled to complete by October 2016, comes amid Uganda’s wider reconsideration of its regional military commitments. This indicates the country no longer perceives the Lord’s Resistance Army (LRA) as an imminent security threat, according to analysts from IHS.