African Development Bank joins risk management efforts to curb impact of worm infestation on east African agriculture

African Development Bank joins risk management efforts to curb impact of worm infestation on east African agriculture

African Development Bank joins risk management efforts to curb impact of worm infestation on east African agriculture

The African Development Bank (AfDB) has joined the efforts to manage the risk of devastation among smallholder farms in east Africa, after an infestation by the fall army worm. The bank has convened a meeting of experts and stakeholders in the agricultural sector to design integrated pest and disease management mechanisms for controlling the spread of the fall armyworm in…

China changing its approach to African investments

China changing its approach to African investments

China changing its approach to African investments

China’s style of investment across Africa is on the move, as the relationships between China and the continent evolves. Speaking at Risk Frontiers East Africa’s Roadmap to Success seminar in Kenya, organised by Commercial Risk Africa, Mikir Shah, chief executive officer at Axa Africa Specialty Risks, said that in the past “particularly in Africa, the deals done with China were…

Liberty launches water project for schools in Rwanda

Liberty launches water project for schools in Rwanda

Liberty launches water project for schools in Rwanda

Liberty is launching a three-year project in Rwanda to provide water to rural areas, partnering with WaterAid. It follows a three-year project with international charity WaterAid in Madagascar, which saw Liberty Specialty Markets donate £75,000 per year, and which brought clean water to more than 42,000 people on the island and sanitation to more than 15,000. Water points have been…

Innovative insurance solution paves way for new Tanzania rail line

Innovative insurance solution paves way for new Tanzania rail line

Innovative insurance solution paves way for new Tanzania rail line

A new high-speed railway line project in Tanzania is to be supported by brokers Marsh, through a $95m innovative bank surety solution to Yapı Merkezi Construction and Industry Inc. The solution was structured in collaboration with the African Trade Insurance Agency (ATI) and is backed by the ATI’s treaty reinsurers (led by Munich Re) and a consortium of facultative reinsurers:…

Horn of Africa countries looking to agree economic integration

Horn of Africa countries looking to agree economic integration

Horn of Africa countries looking to agree economic integration

Ethiopia, Somalia and Eritrea are looking to agree a tripartite economic deal in the wake of talks in China to boost the region. The president of Somalia, Mohamed Abdullahi Farmajo, is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation At their next meeting, the leaders will also discuss measures to end all political and social conflicts.…

Major infrastructure boost for Somalia

Major infrastructure boost for Somalia

Major infrastructure boost for Somalia

Risk managers with interests in Somalia should see some improvement in infrastructure after the Somali government and the World Bank launched a flagship infrastructure project worth $9m. Together, they said the Somali Urban Resilience Project will be the country’s first national test case for municipal infrastructure delivery. Initial interventions will begin in Mogadishu and Garowe and will expand to Kismayo and…

East Africa moves one step closer to harmonised insurance regulation

East Africa moves one step closer to harmonised insurance regulation

East Africa moves one step closer to harmonised insurance regulation

East Africa could soon have a harmonised insurance regulatory system as the region’s governments move ever closer to an agreement. Speaking at the Organisation of Eastern and Southern African Insurers’ annual conference in Arusha, Samuel Mwiru, director – licensing and market conduct supervision, at the Tanzania Insurance Regulatory Authority, told insurers the work to harmonise insurance “should be in place…

Tanzanian government calls for more regional development

Tanzanian government calls for more regional development

Tanzanian government calls for more regional development

The need to harmonise insurance regulation and to facilitate trade throughout regional blocs in Africa has been highlighted by Dr Ashatu Kijaji, deputy Minister in Tanzania’s Ministry of Finance and Planning. Speaking at the Organisation of Eastern and Southern Africa Insurers association, Dr Kijaji told some 400 delegates that insurance was crucial in sustainable development across Africa. However, she said,…

Book your space in Nairobi

Book your space in Nairobi

Book your space in Nairobi

Developing skills and nurturing talent remains one of the great challenges for business across Africa, including within the risk management and insurance communities. Commercial Risk Africa’s east African event will delve deep into this continuing issue and how it impacts the daily operations of business and their risk departments, within an environment in which insurers are demanding more of their…

Business booming in east Africa, says Hapag-Lloyd

Business booming in east Africa, says Hapag-Lloyd

Business booming in east Africa, says Hapag-Lloyd

Hapag-Lloyd is to continue its focus on the growing market in east Africa, with a new weekly service along the coast. With annual growth rates of approximately 6%, the region tops the list on the African continent. Kenya, in particular, is developing with significantly rising import and export figures as well as massive investments in public infrastructure. In April 2018,…

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