Tanzania plans boost for livestock insurers

Tanzania plans boost for livestock insurers

Tanzania plans boost for livestock insurers

Tanzania is considering introducing livestock insurance to promote local leather industries. The news emerged as the Tanzania Insurance Brokers Association (TIBA) held its annual conference. Tanzania ranks third in livestock population behind Ethiopia and Sudan. TIBA’s president Amir Kiwanda said the association would convince members to introduce livestock insurance, to not only promote small-scale livestock keepers but also national economic…

Ethiopia finally relaxes rules on foreign ownership of insurers

Ethiopia finally relaxes rules on foreign ownership of insurers

Ethiopia finally relaxes rules on foreign ownership of insurers

After years of waiting and hoping for change, insurers have welcomed the first sign of a shift from the Ethiopian authorities. For the first time, foreign nationals, albeit only those of Ethiopian origin, will be allowed to operate in the insurance sector. Ethiopia is home to more than 105 million people and has been one of the fastest-growing economies on…

East African risk managers partner with Serianu to grow local cyber risk talent

East African risk managers partner with Serianu to grow local cyber risk talent

East African risk managers partner with Serianu to grow local cyber risk talent

In a bid to develop cyber risk talents, the Institute of Risk Management East African region is to partner with Serianu to boost cyber risk expertise. The East African region is reported to be facing a huge deficit of qualified risk managers, while local public and private organisations need critical hand-holding to ensure risks and opportunities within organisations are effectively…

Business travel not restricted despite Ebola outbreak of ‘international concern’

Business travel not restricted despite Ebola outbreak of ‘international concern’

Business travel not restricted despite Ebola outbreak of ‘international concern’

The World Health Organisation (WHO) has declared the year-long outbreak of Ebola in the Democratic Republic of Congo (DRC) to be of “international concern”. However, borders remain open and the advice to business travellers is to carry on. Yesterday, the WHO said borders need not close and it is mindful of causing a huge economic dip by closing the borders…

Asia engineering insurance experience brought to Mauritius

Asia engineering insurance experience brought to Mauritius

Asia engineering insurance experience brought to Mauritius

The Insurance Institute of Mauritius (IIM) recently organised an engineering training week together with Talent Asia Training and Consulting. Staff from insurance companies, brokers, reinsurance brokers, reinsurers and loss adjusters attended the five-day event. The five days included a look at topics related to engineering insurance, including: CAR/EAR insurances IAR/MB insurances CECR insurance and how it works. IIM president Jean-Yves Violette…

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains that operate through the world’s major hubs are making little or no progress in stamping out child labour, finds new research from Verisk Maplecroft. In its Child Labour Index, the risk analytics firm said manufacturing hubs most entwined in global supply chains – including China, India, Bangladesh, Vietnam and Cambodia – have “not recorded any improvement”…

Services sector spurs Ethiopia growth

Services sector spurs Ethiopia growth

Services sector spurs Ethiopia growth

A strong performance in the services sector is helping Ethiopia continue strong economic growth, according to the World Bank. However, the pace of growth has slowed, says the bank, thanks to sluggish industrial growth driven by lower construction due to foreign exchange shortages and weaker performance of manufacturing and agricultural sectors. The World Bank’s latest economic update said: “Impressive growth of…

Ethiopia gets boost for renewable funding

Ethiopia gets boost for renewable funding

Ethiopia gets boost for renewable funding

The African Development Bank (AfDB) is to put almost $1m into renewable projects in Ethiopia. The Sustainable Energy Fund for Africa (SEFA), managed by the AfDB, has approved a $995,000 grant to support the rollout of a sustainable procurement framework for independent power producers (IPPs) in Ethiopia. The SEFA grant will encourage private investments into hydropower projects through Ethiopia’s Renewable…

OESAI names new secretary general

OESAI names new secretary general

OESAI names new secretary general

Linet Macharia has been appointed as the secretary general and CEO of the Organisation  of Eastern and Southern Africa Insurers (OESAI). Ms Macharia will be responsible for the day-to-day running of the OESAI, implementing the organisation’s strategy and marketing, developing relationships with OESAI key stakeholders, and creating value for OESAI members and the industry through various OESAI services and activities.…

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