Automatic enrolment – a pensions success, backed by increasing enforcement

Automatic enrolment – a pensions success, backed by increasing enforcement

Automatic enrolment – a pensions success, backed by increasing enforcement

In the UK, automatic enrolment into pension schemes started in October 2012. Phased in for five years, all employers must ensure that their workers/employees – aged between 22 and state pension age and earning more than £10,000 a year – are now enrolled into a suitable pension scheme. Even though it has been declared a success, as with all legal…

150% hike in fuel costs sparks protests across Zimbabwe

150% hike in fuel costs sparks protests across Zimbabwe

150% hike in fuel costs sparks protests across Zimbabwe

Risk managers with interests in Zimbabwe are worried after a 150% hike in the price of fuel sparked protests across Zimbabwe. A three-day internet blackout has been imposed, making it difficult to know what is happening on the ground and to monitor the risks to property and staff. Zimbabwe President Emmerson Mnangagwa has called for “calm and peace”, adding: “As…

Travellers warned to be on alert as Nairobi siege ends

Travellers warned to be on alert as Nairobi siege ends

Travellers warned to be on alert as Nairobi siege ends

Several Nairobi establishments popular with Westerners are reported to have closed for security reasons, after al-Shabab gunmen stormed into the Westelands Dusit complex, killing 14 people. Kenya’s President Uhuru Kenyatta said all the gunmen behind the Nairobi hotel complex attack have been killed and the 19-hour hostage crisis is over. Some 14 civilians died in the attack, however more than 700 civilians…

Africa escapes major catastrophes in 2018 but under-insurance remains major issue

Africa escapes major catastrophes in 2018 but under-insurance remains major issue

Africa escapes major catastrophes in 2018 but under-insurance remains major issue

Africa experienced a low number of natural catastrophes in 2018, compared to an eventful second half of the year, which contributed to a high overall loss figure of $160bn. According to Munich Re, half of these global losses were insured and, as a result, the loss burden for insurers was substantially higher than the long-term average. Notably, there were clear…

Extreme weather tops the Africa risk list

Extreme weather tops the Africa risk list

Extreme weather tops the Africa risk list

Cybersecurity, geopolitics and financial market fluctuations are among the chief concerns for business voiced by some leading risk experts as they look ahead to 2019, while in Africa the top risks remain extreme weather events, political and reputational risks. At the start of the year, senior members of the Institute of Risk Management (IRM) were asked to identify key risk…

Equatorial Guinea sets up one-stop shop to help business

Equatorial Guinea sets up one-stop shop to help business

Equatorial Guinea sets up one-stop shop to help business

Equatorial Guinea’s business environment is set for improvement after the government launched of a one-stop shop for setting up businesses in the country. The Africa Energy Chamber has welcomed the move and executive chairman NJ Ayuk said: “The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the…

Angolan oil sector ripe for transformation

Angolan oil sector ripe for transformation

Angolan oil sector ripe for transformation

Angola has been benefiting from oil price rises in the past year but now it appears major reforms of its oil and gas sector are set to pay dividends too. NJ Ayuk, founder and CEO of Centurion Law Group and executive chair of the Africa Energy Chamber of Commerce, and João Gaspar Marques, an energy analyst, report that Angola is an…

Gatwick meltdown: drones in a no-go zone

Gatwick meltdown: drones in a no-go zone

Gatwick meltdown: drones in a no-go zone

The serious and extended closure of Gatwick Airport in the run-up to Christmas, because of the suspected deliberate use of a drone infringing the airport airspace, has brought to a head the warnings of many in the industry. This issue was further highlighted just this week as a reported drone at Heathrow caused the UK’s busiest airport to suspend departures…

Flying into the future: Australian Senate Inquiry into drones

Flying into the future: Australian Senate Inquiry into drones

Flying into the future: Australian Senate Inquiry into drones

The long-awaited Australian Senate Inquiry report into the current and future regulatory framework for remotely piloted aircraft (drones) in Australia was released on 31 July 2018. The report was highly anticipated. During the 18-month period of consultation with operators, regulators and businesses, the Senate Inquiry committee heard that Australia is at the forefront of drones. Australia’s aviation regulator, the Civil…

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