Time to keep a watching brief

Time to keep a watching brief

Time to keep a watching brief

What happens in North Africa often impacts on the whole Sub Saharan African region. Liz Booth asks Toby Iles, a director in the Fitch Ratings’ Sovereign team, how he views the region and the possible impact further south Can you give us a broad overview of the prospects for north Africa as a whole? In North Africa, we rate Egypt…

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in 2016, down from 4.2% in 2015 but more than the ten-year average growth rate of 2.0%, according to Swiss Re. The reinsurer’s latest sigma report, World insurance in 2016: the China growth engine steams ahead, reveals that premium growth in…

New law firm members boost francophone Africa legal group

New law firm members boost francophone Africa legal group

New law firm members boost francophone Africa legal group

Africa Legal Network (ALN) has signed up three new members as part of its strategy to expand into francophone Africa. The new members are based in Algeria, Guinea and Morocco and joined as of 1 May. Since October last year, the alliance has welcomed six new member firms, bringing ALN’s coverage to 16 countries, making it the largest legal alliance…

Botswana most attractive for investment into Africa

Botswana most attractive for investment into Africa

Botswana most attractive for investment into Africa

Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016. Produced by Quantum Global Research Lab, the Index found Botswana scored highly based on a range of factors that include improved credit rating, current account ratio, import cover and ease of doing business. Professor Mthuli Ncube, head of Quantum Global…

Johannesburg still leading African destination for Fortune 500 companies

Johannesburg still leading African destination for Fortune 500 companies

Johannesburg still leading African destination for Fortune 500 companies

The Middle East and Africa (MEA) region has become increasingly important for the majority of global Fortune 500 companies, with a 17% increase in the number of Fortune 500 companies in MEA in 2016 compared to 2015. Johannesburg is the leading destination for Africa, according to a new report released by business research company Infomineo. In 2016, 196 Fortune 500…

S&P shows confidence in three of Africa’s largest economies

S&P shows confidence in three of Africa’s largest economies

S&P shows confidence in three of Africa’s largest economies

Standard & Poor’s (S&P) has affirmed its ratings on Kenya, Ghana and Morocco, with a positive message for all three African states. In terms of Kenya, the ratings agency has affirmed its B+/B long- and short-term foreign and local currency sovereign credit ratings. The outlook is stable. It said upcoming elections, drought and decelerating credit growth pose short-term risks to…

Fortune 500 firms look to new markets in Africa

Fortune 500 firms look to new markets in Africa

Fortune 500 firms look to new markets in Africa

Major corporations are continuing to expand operations in the Middle East and Africa (MEA) as they seek to look beyond ‘traditional’ markets into ones that offer new opportunities for development and growth. By the end of 2016, 196 of the Fortune 500 companies had offices in the region, an increase of 17% (from 167) from 2015. Firms based in the…

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Political events can have a significant influence on the price of oil, but the price of oil also has a strong influence on political events. In 2016, the latter was in full force, with enormous geopolitical consequences from the downturn in the price of oil, according to a new report from Marsh. Its 2017 Oil and Gas Risk Reward Index…

Commercial lines pricing up in MENA region survey finds

Commercial lines pricing up in MENA region survey finds

Commercial lines pricing up in MENA region survey finds

Commercial lines pricing has increased in the MENA (Middle East and north Africa) region, according to the latest MENA Insurance Pulse. The survey of executives representing 40 regional and international (re)insurance companies, intermediaries and trade associations finds that 70% of executives polled expect stable or higher rates over the next 12 months, up from 58% in 2016. The survey finds…

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