Risk managers worry as Kenyans uphold election and Mugabe clings to power in Zimbabwe

Risk managers worry as Kenyans uphold election and Mugabe clings to power in Zimbabwe

Risk managers worry as Kenyans uphold election and Mugabe clings to power in Zimbabwe

Businesses across Kenya are holding their breath as the Kenya Supreme Court upholds the election result and leaves the way clear for Uhuru Kenyatta to take his second term as President. The Court ruled on 20 November that the boycott of last month’s election was illegal and therefore the result would stand. Protests erupted almost immediately. However, Kenyatta supporters were…

African ports underdeveloped and inefficient

African ports underdeveloped and inefficient

African ports underdeveloped and inefficient

African ports continue to struggle with underdeveloped infrastructure and inefficient operations, according to a new report from PwC. It says statistics indicate that 90% of imports and exports in Africa are delivered by sea. With the global middle-class set to reach five billion people by 2030, global trade is set to continue to grow at an unprecedented rate. Reports suggest…

IRMSA launches next round of exams

IRMSA launches next round of exams

IRMSA launches next round of exams

The Institute of Risk Management South Africa (IRMSA) has just opened applications for the next round of exams. Risk managers can apply to sit the Occupational Certificate Organisational Risk Manager Level 6, with a state date of 20 April 2018. IRMSA said: “The purpose of this qualification is to prepare a learner to be able to manage risk management plans…

Nigeria and South Africa set to drive Africa fortunes upwards in 2018

Nigeria and South Africa set to drive Africa fortunes upwards in 2018

Nigeria and South Africa set to drive Africa fortunes upwards in 2018

An economic rebound, oil sector rises and fintech innovation are all set to boost African economies in the coming year, according to Ecobank. In Ecobank Research’s 2017 version of its Fixed Income, Currency and Commodities Guidebook, it indicates a positive outlook for the continent, with those three key trends forecast to take hold during the next 12 months. Edward George,…

Catastrophes demand more sophisticated risk engineering programmes

Catastrophes demand more sophisticated risk engineering programmes

Catastrophes demand more sophisticated risk engineering programmes

Risk managers and insurers are coming under increasing pressure to revise their approach to cope with an increase in natural catastrophes in South Africa. In the past couple of years, South Africa has been hit by tornados, flash floods, freak hailstorms, deluge, drought and fires, with the last five years in particular racking up billions of rands in damages and…

Zimbabwe likely to see ousted vice-president in power

Zimbabwe likely to see ousted vice-president in power

Zimbabwe likely to see ousted vice-president in power

Risk managers are being warned of the risk of violence in Zimbabwe, as the army appears to be negotiating a power handover to the recently ousted vice-president Emmerson Mnangagwa. Theophilus Acheampong, country risk analyst, IHS Markit, said: “Any speech by President [Robert] Mugabe in the coming days explaining how he will engage with the military towards the formation of a…

South African M&A conditions set to improve

South African M&A conditions set to improve

South African M&A conditions set to improve

Conditions for deal activity in South Africa are predicted to improve in 2018, but this will depend on political and economic conditions in the country in the next two years, according to the latest report from Baker McKenzie. In its third edition of the Global Transactions Forecast, the law firm states that the easing of key economic and political risks…

South Africa and DRC committed to greater trade

South Africa and DRC committed to greater trade

South Africa and DRC committed to greater trade

Risk managers should be aware of strengthening trade links between South Africa and the Democratic Republic of Congo (DRC), after the two states committed to remove hurdles that hinder business interactions. At an Investment and Trade Initiative seminar, organised by the Department of Trade and Industry, South African Consul General in Lubumbashi, Andrew Maswanganye, said it is important for both…

China-Africa trade remains unbalanced

China-Africa trade remains unbalanced

China-Africa trade remains unbalanced

Almost 20 years after the launch of the first Forum on China-Africa Cooperation, China-Africa relations remain unbalanced, according to credit insurer Coface. It said bilateral trade has lept in the past ten years to a total of $123bn in 2016, driven – up to 2014 – by exports, which have fallen by 51% since the peak. The region now has…

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