Election results could be disputed in Senegal

Election results could be disputed in Senegal

Election results could be disputed in Senegal

The opposition has disputed the election results in Senegal which, so far, show a strong win for incumbent President Macky Sall. According to Reuters reports, Senegalese President Macky Sall is on course for a strong election victory, based on preliminary results from Sunday’s vote. Local media website Dakaractu.com said President Sall had won more than 58% of the vote based…

African Insurance Awards 2019 announced

African Insurance Awards 2019 announced

African Insurance Awards 2019 announced

The African Reinsurance Corporation (Africa Re) has launched the fifth edition of the African Insurance Awards. Africa Re said the objective of the awards is to reward and celebrate innovation, good corporate management and good leadership in the African insurance industry. The 2019 edition will take place on 10 June 2019 in Johannesburg, South Africa. There are four award categories…

New east African trainer named for IRM

New east African trainer named for IRM

New east African trainer named for IRM

Pinebridge Training and Consulting has been accredited as a licensed Fundamentals of Risk Management (FoRM) provider for the Institute of Risk Management (IRM) and will be operating in Kenya, Uganda, Tanzania, Rwanda and Burundi. The IRM said: “The FoRM course is well respected and attracts delegates from a wide variety of organisations from all over the world. FoRM gives students…

Ratings agency worry after South African budget

Ratings agency worry after South African budget

Ratings agency worry after South African budget

Observers are concerned the South African budget this week may not satisfy the ratings agencies, which have been waiting for signs of economic recovery in one of Africa’s largest economies. Experts at Citadel said: “This was always going to be one of South Africa’s toughest budgets, with enormous pressure on government resources in an extremely difficult economic environment. “Under the…

Tensions high as Nigerian election delayed a week

Tensions high as Nigerian election delayed a week

Tensions high as Nigerian election delayed a week

Politicians and international election observers have called for calm as the Nigerian presidential election was postponed for a week. The electoral officials blamed the delayed delivery of voting slips and other logistical reasons for the week-long delay, which has been roundly condemned by politicians on both sides of the debate. Elections should have been held on Saturday and there had…

Political risk heightened in Ghana

Political risk heightened in Ghana

Political risk heightened in Ghana

A recent by-election in Ghana has highlighted the continuing political risk for businesses in the west African state. Lord-Gustav Togobo, director, leadership intelligence and business development at Songhai Advisory, said: “Party political policy reversals and appointments following elections are de rigueur in Ghana, as is the preponderance of executive authority over rules or process. “Neither side of Ghana’s two-party system…

Africa needs to leverage leading fintech role

Africa needs to leverage leading fintech role

Africa needs to leverage leading fintech role

The International Monetary Fund (IMF) is urging African governments to take advantage of the continent’s leading role in mobile money. In a new paper, Fintech in Sub-Saharan Africa: A Potential Game Changer, it suggests that the challenge is for the continent to leverage its success in mobile money. “It needs to transition to other fintech services and a digital economy.…

Bringing innovation and entrepreneurship to the insurance market

Bringing innovation and entrepreneurship to the insurance market

Bringing innovation and entrepreneurship to the insurance market

In South Africa, new insurance industry regulations requiring onerous capital adequacy limits for cell captives have been introduced, as well as delineating the types of businesses that may own a cell captive. As a result, Genric Insurance Company is focusing on providing insurtech startups, underwriting management agencies and entrepreneurs with more financially viable and practical alternatives to bring new insurance…

Shell in court over Nigerian deaths

Shell in court over Nigerian deaths

Shell in court over Nigerian deaths

Shell is back in court over alleged involvement in the arrest of four Nigerian activists who were then executed by the military regime in the 1990s. According to AFP, their widows have launched a court case in the Netherlands against oil giant Shell for complicity in their deaths. Esther Kiobel, whose husband Barinem was hanged in 1995 along with famed…

New impetus to drive corruption out of Africa

New impetus to drive corruption out of Africa

New impetus to drive corruption out of Africa

Driving corruption out of Africa would free up funds for major economic improvements, according to Akinwumi Adesina, president of the African Development Bank (AfDB). Speaking at the World Peace Summit of Global Leaders, he said: “We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not invest in the future, it…