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…

Driving the insurance sector upwards through increased awareness and improved customer service is key to success

Driving the insurance sector upwards through increased awareness and improved customer service is key to success

Driving the insurance sector upwards through increased awareness and improved customer service is key to success

Miriam Magala, CEO of the Uganda Insurers Association, talks about the challenges and opportunities facing the Uganda insurance market What are the five issues that will drive growth of the insurance industry in Uganda? Continued consumer education and awareness will remain at the core of what we do in order to spur growth. We believe that the more people understand…

Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk

Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk

Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk

A planned attack against Ethiopia’s Grand Renaissance Dam (GRD) hydroelectric project was thwarted by security forces on 1 March, according to an Ethiopia government spokesperson. Jordan Anderson, country risk analyst, IHS Markit, said: “The militants allegedly belonged to the Benishangul People’s Liberation Movement (BPLM) and were intercepted by security forces near the town of Asosa, the capital of Ethiopia’s Benishangul-Gumuz…

Supply chain could be threatened as global protests target Madagascan government

Supply chain could be threatened as global protests target Madagascan government

Supply chain could be threatened as global protests target Madagascan government

The Madagascan government is being targeted by a global campaign to defend dockworkers at the ICTSI operated Port of Toamasina in Madagascar. The campaign by the International Transport Workers’ Federation (ITF) will see protests outside of Madagascan embassies across three continents. The ICTSI-operated Port of Toamasina is the main gateway for $360 million worth of textile products exported to Europe,…

Kenya farmers get largest ever payout as weather index insurance kicks in

Kenya farmers get largest ever payout as weather index insurance kicks in

Kenya farmers get largest ever payout as weather index insurance kicks in

Kenya pastoralists will receive $2.15m as compensation for loss of livestock in the ongoing drought, from Kenya Livestock Insurance Programme (KLIP), a World Bank- and Kenya government-backed agriculture insurance scheme. The payout comes as the UK government gives more than £230m in aid to drought-stricken South Sudan and Somalia. Aid agencies are also warning of risks of famine in northeast…

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