Terror threat looms large in Mali

Terror threat looms large in Mali

Terror threat looms large in Mali

Security analysts are warning of the ongoing terror threat in Mali, after gunmen attacked a luxury resort. Two of the assailants were killed by security forces, who were searching for two others, according to BBC reports. One civilian was reported injured after the attack at the luxury resort of Le Campement Kangaba, east of Bamako. Seán Smith, west Africa analyst…

Unrest incidents in Kenya up as elections approach

Unrest incidents in Kenya up as elections approach

Unrest incidents in Kenya up as elections approach

New figures from Control Risks suggest unrest across Kenya has risen as the election process gets underway. It has recorded more than 192 incidents related to the upcoming August general elections in Kenya, since 6 April 2017. Control Risks said: “The majority of these occurred during the April party primary elections in closely contested areas in the Rift Valley region,…

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…

Confidence in investment into Africa remains high

Confidence in investment into Africa remains high

Confidence in investment into Africa remains high

FDI flows to Africa may be threatened by global economic uncertainty, but delegates at the fourth annual African Trade Insurance Agency roundtable heard that Africans can do more to help themselves and boost intra-African trade. Liz Booth reports from the event Africans must learn to do more for themselves and to seek out investment support, according to speakers and delegates…

Ivory Coast joins ATI member countries

Ivory Coast joins ATI member countries

Ivory Coast joins ATI member countries

Ivory Coast has joined the African Trade Insurance Agency (ATI) in a bid to reach emerging country status by 2020. ATI is a multilateral investment insurer whose specialised investment and commercial risk insurance products are expected to help attract up to US$2bn of inward investments and trade into the country and to potentially help lower its sovereign borrowing costs by…

Coface sees global business confidence growing but political risk widespread

Coface sees global business confidence growing but political risk widespread

Coface sees global business confidence growing but political risk widespread

Despite persistent political risk, business confidence is reported to be growing in the advanced economies, and financial markets are buoyant. This, combined with economic recovery in the emerging countries, has led Coface to upgrade its global growth forecast to +2.8% and that of global trade to +2.4%. Coface said the rise in business confidence is perceptible but is not yet…

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…

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…

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…

Nigerian banks will suffer higher credit losses in 2017 due to economic and liquidity concerns, as dollar shortage continues

Nigerian banks will suffer higher credit losses in 2017 due to economic and liquidity concerns, as dollar shortage continues

Nigerian banks will suffer higher credit losses in 2017 due to economic and liquidity concerns, as dollar shortage continues

The Nigerian banking sector faces another difficult year in 2017, according to an S&P Global Ratings report, with 10 banks in focus. Nigeria Bank Outlook 2017: Economic And Currency Concerns Will Fuel Weaker Capital And Higher Credit Losses forecasts that the 10 banks it rates in Nigeria will suffer increased credit losses of 3.5%-4.0% in 2017 in aggregate, after an…

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