ATI launches services in Zimbabwe

ATI launches services in Zimbabwe

ATI launches services in Zimbabwe

Credit insurer African Trade Insurance Agency (ATI) has launched its services in Zimbabwe, after signing an agreement with the central government. ATI’s chief executive officer, George Otieno, said ATI is committed to providing solutions that could help unlock much-needed investments into the country. Zimbabwe became a member of ATI in late 2016 and has since benefited from more than $300m…

Burundian constitutional plans increasing civil war risk

Burundian constitutional plans increasing civil war risk

Burundian constitutional plans increasing civil war risk

Constitutional changes proposed in Burundi would signal the effective end of cross-party and ethnic power-sharing in Burundi, established by the Arusha Agreement and the 2005 constitution. This is likely to drive a new wave of defections from the political opposition and Burundian military to the armed opposition, warned Jordan Anderson, analyst, country risk, IHS Markit. Challenges to these revisions, he…

Tough times and heightened political risk continue across Sub Saharan Africa

Tough times and heightened political risk continue across Sub Saharan Africa

Tough times and heightened political risk continue across Sub Saharan Africa

A number of African countries, including Niger, Algeria, Nigeria and Angola, will begin to move towards a more negative outlook, according to the latest AJG Credit and Political Risks Insurance (CPRI) – Report and Market Update. The July 2017 edition, with a quantitative assessment of the commercial insurance market for CPRI, covers the period since January 2017. AJG notes that,…

Kenyans nervous as five die following election results

Kenyans nervous as five die following election results

Kenyans nervous as five die following election results

Five people have died in Kenya following Tuesday’s election and the reported lead of sitting President Uhuru Kenyatta Opposition leader Raila Odinga is challenging the legitimacy of the results to date, claiming the system has been hacked but refusing to reveal his sources. On Wednesday morning, the Election Commission website showed Mr Kenyatta leading with 54.4% of the votes against…

Kenyatta takes lead as leaders appeal for calm

Kenyatta takes lead as leaders appeal for calm

Kenyatta takes lead as leaders appeal for calm

Sitting president Uhuru Kenyatta appears to have taken the lead after Tuesday’s election in Kenya. Risk managers across the country have been anxiously waiting for the election day, with fears of a return to the violence seen in the 2008 elections. Anecdotally, there have been stories of those who are able to choosing to leave the country or have a…

Africans head to the polls

Africans head to the polls

Africans head to the polls

In a nine-day span from 30 July to 8 August, no fewer than five Sub Saharan African countries will hold nationwide elections, credit insurer Coface has highlighted. Warning of a “summer of living dangerously”, Coface said the citizens of Senegal, Republic of the Congo, Rwanda, Mauritania and Kenya will successively be called to the ballot boxes. They will be quickly…

Concerns growing around Kenya election

Concerns growing around Kenya election

Concerns growing around Kenya election

Politicians are increasingly worried about post-election violence in Kenya after a senior Kenyan election official was found murdered, three days after he went missing. Chris Msando, the election board’s head of information, communication and technology, was tortured before he died, the board told journalists, without giving further details. Kenyans go to the polls next Tuesday, with fears that the violence…

Political risk on increase in Tanzania as government acts against mine

Political risk on increase in Tanzania as government acts against mine

Political risk on increase in Tanzania as government acts against mine

Fuelling concerns around political risk in the country, the Tanzania government has sent Acacia Mining a tax bill equal to almost two centuries worth of the gold producer’s revenue, in the latest in a series of actions against the mining house. Acacia, which mines all its gold in Tanzania, said the government issued the company with a $40bn tax bill and…

Kenyan election finely balanced

Kenyan election finely balanced

Kenyan election finely balanced

Kenya goes to the polls on 8 August in an election that is too close to call between sitting President Uhuru Kenyatta and former Prime Minister Raila Odinga, stoking fears that there may be violence if the result is not clear cut. Reports are emerging of myriad disruptions and the criticisms of both parties are ramping up as the European…

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…

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