Risk managers warned of threats to Ethiopian cotton supplies

Risk managers warned of threats to Ethiopian cotton supplies

Risk managers warned of threats to Ethiopian cotton supplies

Clothing industry experts may have identified east Africa as the industry’s next major sourcing location but risk managers have been warned there are plenty of challenges in some east African countries, which could threaten supply chains. These forecasts often single out Ethiopia as the most attractive investment prospect. The government espouses a ‘dirt to shirt’ policy and the country boasts…

Election fever growing in east Africa

Election fever growing in east Africa

Election fever growing in east Africa

Elections in Kenya and Rwanda are entrenching democracy, as Steve Mbogo reports Rwanda and Kenya will hold elections in August. But unlike for Rwanda, it is a bad season for Kenya as elections make everyone anxious and uncertain, with the consequences being reduced momentum of economic growth. A history of election-related violence is the cause. It is not a misplaced…

Power deal for Uganda and Sudan

Power deal for Uganda and Sudan

Power deal for Uganda and Sudan

Siemens has signed a memorandum of understanding (MoU) to work more closely with the African countries Uganda and Sudan in terms of power supply, industry, transport and healthcare. The African states signed the MoU at the World Economic Forum 2017 in the South African city of Durban. “Africa’s economies are gaining ground and can develop their full potential with the…

US forces warn Somali piracy resurgence driven by famine

US forces warn Somali piracy resurgence driven by famine

US forces warn Somali piracy resurgence driven by famine

Risk managers involved in the marine sector and those with goods transiting the Horn of Africa have been warned famine is fuelling a resurgence in Somali piracy activity. Last week more than 225 attendees from various organisations participated in the first US Africa Command Chiefs of Defense (CHoD) conference.  Besides Africom senior leadership were representatives from 42 African countries, 35…

Hope Murera takes the reins at Zep Re

Hope Murera takes the reins at Zep Re

Hope Murera takes the reins at Zep Re

General manager Hope Murera has been promoted to managing director at Kenya-based Zep Re, replacing Rajni Varia, who has retired. Ms Murera, a lawyer, served as managing director of Sonarwa Rwanda for eight years and also sat on the board of Zep re before joining the company in 2002. She has deputised for Mr Varia for the past ten years.…

South Sudan and Equatorial Guinea agree oil and gas deal

South Sudan and Equatorial Guinea agree oil and gas deal

South Sudan and Equatorial Guinea agree oil and gas deal

Providing new opportunities for those in the oil and gas sectors, South Sudan and Equatorial Guinea have agreed a new bilateral relationship between the African oil and gas producers. The memorandum of cooperation was signed by Equatorial Guinea’s Minister of Mines and Hydrocarbons, HE Gabriel Mbaga Obiang Lima and South Sudan’s Minister of Petroleum HE Ezekiel Lol Gatkuoth. They will…

Crew released but Somali hijack concerns continue

Crew released but Somali hijack concerns continue

Crew released but Somali hijack concerns continue

On 16 March 2017, the crew of the MT ARIS 13, a tanker vessel, was released from Somali pirates after a firefight with the Puntland Maritime Police Force (PMPF). Oceans Beyond Piracy reported the entire crew is unharmed. The MT ARIS 13 is now proceeding to the Somali port city of Bosasso. On 13 March, pirates hijacked the vessel en route to…

Somali pirates strike again

Somali pirates strike again

Somali pirates strike again

Risk managers have been warned to increase their vigilance around the threat of a piracy attack in Somali waters after the first merchant vessel incident in five years. On 13 March 2017 Somali pirates hijacked the MT ARIS 13, a tanker vessel en route to Mogadishu from Djibouti. The ship was seized approximately 18 km off the northern tip of…

New app to give Ugandans free insurance cover

New app to give Ugandans free insurance cover

New app to give Ugandans free insurance cover

Android app SureBüddy has launched sponsored insurance and insurance-related products in Uganda. SureBüddy plans to roll out into 11 Sub Saharan Africa countries, as well as India, Turkey, Indonesia, Philippines and Pakistan, with South American countries to follow. The company claimed SureBüddy is simple and easy to use – the app renders advertisements, the consumer watches the ads and then…

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