Mining sector climbing back to profit

Mining sector climbing back to profit

Mining sector climbing back to profit

The world’s giant mining houses are reversing their race to the bottom, according to PwC’s Mine 2017 report. The report shows the top 40 companies have bolstered balance sheets and a return to profitability in 2016. At the release of the 14th edition of PwC’s industry series, Michal Kotzé, energy, utilities and mining industry leader for PwC Africa, said: “The…

Investors call on Exxon Mobile to assess risks from climate change

Investors call on Exxon Mobile to assess risks from climate change

Investors call on Exxon Mobile to assess risks from climate change

Shareholders in US energy giant Exxon Mobil have backed a motion requiring the company to assess the risks from climate change. The vote comes amid reports that President Trump is preparing to pull out of the Paris climate agreement. Meanwhile, the EU and China are to agree a joint statement on the agreement saying it is “an imperative more important…

Index-based insurance at point of take-off

Index-based insurance at point of take-off

Index-based insurance at point of take-off

Index-based insurance could be at the point of taking off, according to Jonathan Dixon, chair of the International Association of Insurance Supervisors (IAIS) regional committee for Sub-Saharan Africa. Speaking in the wake of the tenth Consultative Forum (CF10), which focused on ‘Scaling up agricultural index insurance in Africa: Building disaster resilience of smallholder farmers’, he said: “We are seeing promising…

African smallholder farmers make insurance agenda

African smallholder farmers make insurance agenda

African smallholder farmers make insurance agenda

Agriculture at the smallholder end of the scale has been coming into sharp focus at the African Insurance Organisation (AIO) annual conference in Kampala this week. “Agricultural index insurance in Sub Saharan Africa is gaining momentum. Insurance supervisors increasingly recognise the importance of ensuring that this cover is provided responsibly, especially because these initiatives affect the livelihoods of vulnerable small-scale…

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…

Agriculture to drive African economies

Agriculture to drive African economies

Agriculture to drive African economies

Africa must focus on agriculture to drive growth and create jobs on the continent, according to Akinwumi Adesina, president of the African Development Bank (AfDB). Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Mr Adesina said Nigerian billionaire businessman Aliko Dangote may become the largest exporter of rice in the world by 2021. A tripartite agreement put…

Dangote becomes net exporter of cement as Nigerian government pushes for diversification

Dangote becomes net exporter of cement as Nigerian government pushes for diversification

Dangote becomes net exporter of cement as Nigerian government pushes for diversification

Nigeria has become self-sufficient in the production of cement and is now an exporter of the commodity, with the government ascribing the feat to Dangote Cement. Last month Dangote Cement group managing director Onne Van der Weijde had said the company was exporting cement to Nigeria’s neighbours. He said: “We exported nearly 0.4Mt into neighbouring countries and in doing so,…

Risk management at heart of new weather risk-related deal

Risk management at heart of new weather risk-related deal

Risk management at heart of new weather risk-related deal

African Risk Capacity (ARC) has formally teamed up with the African Development Bank (AfDB) to strengthen mechanisms to manage weather-related risk on the continent. The organisations said: “This partnership will formalise a technical collaboration to enhance risk management infrastructure and policy across Africa; it will also support African countries in building resilience against climate shocks and in taking ownership of…

Major new solar project in Mali gets funding boost

Major new solar project in Mali gets funding boost

Major new solar project in Mali gets funding boost

The African Development Bank (AfDB) has approved a senior concessional loan of $25 million to fund the Segou Solar PV Project, Mali’s first utility-scale solar photovoltaic (PV) power plant. It said the project, one of the first in Sub Saharan Africa, consists of the design, construction and operations of a 33 MW power plant. The transformational project will lead to…

Boost for agricultural insurance in Tunisia

Boost for agricultural insurance in Tunisia

Boost for agricultural insurance in Tunisia

French consultants Finactu have agreed to support Tunisian insurer CTAMA in boosting its agricultural book. CTAMA was founded in 1961 and has positioned itself as an agricultural insurer though an extensive network in rural areas, its close proximity to the agricultural ecosystem and its technical expertise on agricultural risks. Under Mansour Nasri, president and CEO of CTAMA, the company aims…

1 2 3