East Africa
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Nigerian pirates kidnapped 35 seafarers so far this year in the Gulf of Guinea
Nigerian pirates have kidnapped 35 seafarers from vessels in the Gulf of Guinea so far this year, according to security…
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Uganda signs up to renewable energy deal with ATI
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint…
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Technology will help Africa lead the world
Africa will shape the fortunes of the entire world by the end of the century, but will need technology to…
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New capital model for Nigerian insurers
The National Insurance Commission (NAICOM) has published a new capital model for the Nigerian insurance industry, effective from 1 January…
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Insurance regulation in Africa: CIMA – the benefits and challenges
Understanding changing insurance markets and regulatory developments is critical to making sure multinational programmes are compliant and competitive, no matter…
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Nigeria’s Ensure to target retail business after Allianz deal
Nigeria’s Ensure Insurance plans to focus on retail business to achieve its corporate objective of sustainable growth and leadership in…
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Allianz completes Nigeria acquisition
Allianz Group has completed its acquisition of 99.03% of the shares in Nigerian insurer Ensure Insurance from its core shareholder…
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Nigeria urged to join AfCFTA and boost intra-Africa trade
Nigeria has been urged to join the African Continental Free Trade Agreement (AfCFTA) to boost intra-African trade. Economic Commission for…
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Non-life premiums slow in 2017, but growth still driven by emerging markets
Global non-life premium growth has slowed, with an increase of 2.8% in 2017 to $2.23trn, compared to growth of 3.7%…
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Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area
There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such…
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Insurance sector to be rebranded in Nigeria
A NGN300m rebranding project has been launched by the insurance industry in Nigeria in a bid to boost business and…
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Private and government sectors must work together to improve Nigerian infrastructure
Private business in Nigeria will always struggle unless some major infrastructure challenges are met. Speaking at the Business Journal 10th…
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Kenyan economy set to stabilise, says ratings agency
Fitch Ratings has welcomed Kenya's new budget, saying it is consistent with its view that debt as a proportion of…
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Private investment push in Nigerian oil market
Risk managers should see a boost in Nigerian oil business if plans by the Nigerian National Petroleum Corporation (NNPC) to…
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Kenya gets $200m to help mitigate climate and disaster risks
The World Bank has approved a $200m International Development Association credit to assist Kenya in managing the impacts of climate…
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World’s fastest-growing economy set for almost 10% growth in 2018
Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018 – July 2017 to June 2018 – down from…
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Another deal struck to ease land border congestion in Africa
Risk managers should be breathing a sigh of relief as yet another deal is signed to ease land border difficulties…
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International trade links with Rwanda growing fast
Rwandan growth in 2017 was better than expected and occurred in all areas except construction, according to the latest findings…
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Nigerian insurer achieves ISO quality standard
Composite Nigerian insurer NSIA Insurance has been awarded ISO 9001:2015 certification by the Standards Organisation of Nigeria, the representative of…
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2018 Nigerian Risk Awards open for entries
The fourth edition of the Nigerian Risk Awards has opened for entries. The awards celebrate and recognise individuals and organisations…