Southern Africa in ratings agency spotlight

Southern Africa in ratings agency spotlight

Southern Africa in ratings agency spotlight

Botswana and Mozambique have both had their ratings affirmed by Standard & Poor’s (S&P) and Fitch Ratings respectively, but there are concerns about both southern African economies. S&P affirmed its A-/A-2 long- and short-term foreign and local currency sovereign credit ratings on Botswana. The outlook remains negative. Fitch has affirmed Mozambique’s long-term foreign currency issuer default rating (IDR) at RD…

Fitch affirms Lesotho ratings

Fitch affirms Lesotho ratings

Fitch affirms Lesotho ratings

An early election and political volatility has not been enough to change Fitch Ratings in affirming Lesotho’s long-term foreign and local currency issuer default Ratings (IDRs) at B+. The outlooks are stable. The short-term foreign and local currency IDRs have been affirmed at B. The country ceiling has been affirmed at BB+. It said the B+ rating reflects Lesotho’s high…

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…

Insuring cyber risk is an unlikely contender to drive premium growth in Botswana

Insuring cyber risk is an unlikely contender to drive premium growth in Botswana

Insuring cyber risk is an unlikely contender to drive premium growth in Botswana

Botswana is among five Sub Saharan African (SSA) economies that improved their Global Competitiveness Index rankings by three to six positions and their scores by 2% or more, according to the World Economic Forum’s Global Competitiveness Report (GCR) 2015/2016. The country climbed five places to 64th (out of 138 global participants), thanks to year-on-year improvements in infrastructure, higher education and goods market efficiency.

Angola gets negative outlook thanks to poor economic picture

Angola gets negative outlook thanks to poor economic picture

Angola gets negative outlook thanks to poor economic picture

Blaming a fast deteriorating economic picture, Fitch Ratings has affirmed Angola’s long-term foreign and local currency issuer default ratings (IDR) at B with a negative outlook. The issue ratings on Angola’s senior unsecured foreign currency bonds have also been affirmed at B. The country ceiling and the short-term foreign and local currency IDRs have also been affirmed at B. The…

Successful risk management keeps southern African insurance stakeholders in profit

Successful risk management keeps southern African insurance stakeholders in profit

Successful risk management keeps southern African insurance stakeholders in profit

  It is not easy to measure the size of insurance markets in southern Africa. Even in South Africa, which boasts among the best financial systems in the world, analysts have to rely on dated figures from the sector regulator, the Financial Services Board (FSB). What is known is that South Africa is the dominant short-term insurance market in the…

Zambia remains on negative outlook, says S&P

Zambia remains on negative outlook, says S&P

Zambia remains on negative outlook, says S&P

Following the trend of recent rating activity across Africa, S&P Global Ratings has affirmed its B/B long- and short-term foreign and local currency sovereign credit ratings on Zambia. The outlook remains negative, however it is not all bad news for investors as signs of improvement do exist, it said.This follows a similar decision by Fitch on Zambia. S&P said: “In…

RSA expands global network coverage in Africa

RSA expands global network coverage in Africa

RSA expands global network coverage in Africa

International insurer RSA has extended an existing partnership with the Africa-based insurance network, Globus, to service multinational customers in five more African countries. This new arrangement enables RSA Global Network to provide insurance services to customers with operations in Botswana, Congo, Mauritania, Zambia and Zimbabwe. RSA Global Network’s new partners are the Globus members Phoenix of Botswana, Assurances Generales du…

Bryte Insurance emerges out of Zurich SA and Botswana

Bryte Insurance emerges out of Zurich SA and Botswana

Bryte Insurance emerges out of Zurich SA and Botswana

Zurich South Africa and Zurich Botswana have been rebranded as Bryte Insurance, following their acquisition by Canadian Fairfax Financial Holdings (Fairfax) last year. The company is stressing, however, that it will be business as usual. Bryte has identified business risk management as a key growth opportunity and, through its proactive approach to risk management, will focus on driving and diversifying…

Fitch affirms Zambia at ‘B’

Fitch affirms Zambia at ‘B’

Fitch affirms Zambia at ‘B’

Fitch Ratings has affirmed Zambia’s long-term foreign and local currency issuer default ratings (IDRs) at ‘B’ with negative outlook. This follows the country’s “persistent fiscal deficits” and structural constraints. The rating agency said the issue ratings on Zambia’s long-term senior unsecured foreign  and local currency bonds and short-term senior unsecured local currency securities are also affirmed at ‘B’. The Country…

1 2 3 5