CEO outlines Kenya banking challenges

CEO outlines Kenya banking challenges

CEO outlines Kenya banking challenges

Kenya’s banking industry is still paying the price resulting from the receivership of three banks in late 2015 and early 2016, as panic withdrawals and negative reputation resulted in lower liquidity in the industry, the chief executive of Kenya’s largest bank by customer base, Equity Bank’s James Mwangi, has said. Chase Bank, Dubai Bank and Imperial Bank were placed under…

Kenyans move most money digitally as early adopters of technology

Kenyans move most money digitally as early adopters of technology

Kenyans move most money digitally as early adopters of technology

The Kenyan diaspora is the biggest sender of digital remittances to mobile accounts, according to WorldRemit which released new data to mark the 10th anniversary of Mpesa. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that Kenyans continue to be early adopters of innovative technology, even when abroad. Mobile money has played a…

Annual African Risk Management 2017 Survey  – don’t miss out on winning a trip to Europe

Annual African Risk Management 2017 Survey  – don’t miss out on winning a trip to Europe

Annual African Risk Management 2017 Survey  – don’t miss out on winning a trip to Europe

The annual Risk Frontiers Africa 2017 survey of risk managers across Sub Saharan Africa is well underway with entries flooding in from across the continent. So don’t miss out. Remember all submitted surveys are entered into a draw and one lucky winner will enjoy a trip to Europe. This annual survey is produced by Commercial Risk Africa, the monthly digital…

African states warned of risks of new ‘gig economy’

African states warned of risks of new ‘gig economy’

African states warned of risks of new ‘gig economy’

African governments have been warned of the dangers of parasitic capitalism, where digital companies give little back to the places where they are embedded and platform workers are left to fend for themselves. Speaking at the 4th UNI Africa Conference in Dakar, Senegal, UNI Global Union general secretary Philip Jennings said research into the future world of work followed by…

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…

US and South Africans to lead risk management initiative in Lagos

US and South Africans to lead risk management initiative in Lagos

US and South Africans to lead risk management initiative in Lagos

Risk management professionals from the US and South Africa are to lead a four-day event in Lagos, aimed at improving risk management in the west Africa region. Anthonia Beri, programme director at National Fire Prevention Awareness and Advocacy (NFPAWA), said the organisation discovered a wide gap in skills and knowledge in life, fire safety, security risk management and mitigation. She added…

Senior management views talent scarcity as serious risk

Senior management views talent scarcity as serious risk

Senior management views talent scarcity as serious risk

Organisations are facing up to the realities of shifting demographics and new technology in terms of accessing the right talent, with senior management viewing talent scarcity more acutely than HR professionals. The 2017 Global Talent Trends Study from Mercer states: “As the competition for talent continues to rise and business models are disrupted by technology and socio-demographic shifts, organisations are…

New partner for South African risk consultancy as ownership changes

New partner for South African risk consultancy as ownership changes

New partner for South African risk consultancy as ownership changes

CGF Research Institute has announced that Palmer Business Concepts (PBC) has bought 40% of the shares of the company and has appointed Jene’ Palmer, owner of PBC, as its chief financial officer. Ms Palmer is a chartered accountant (SA) who has not only garnered a wealth of experience in the corporate environment, but has also been a lead independent consultant…

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,…

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