East Africa
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Court rejects Nigerian claims against Shell
Lawyers for more than 40,000 Nigerians will appeal an English High Court judgment handed down, which ruled that two polluted…
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US lifts sanctions on Sudan
Lawyers at Steptoe & Johnson report that on 17 January 2017, the US Treasury Department’s Office of Foreign Assets Control…
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Kenya — Uncertainty ahead in 2017
National elections provide a period of excitement, especially in growing democracies, but in Kenya it is time for hopelessness.…
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Agriculture insurance finds more backers in east Africa
Use of agriculture insurance in Africa is expected to peak in the medium term, as governments and development partners…
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Growing African population set to deliver challenges to agriculture sector
The need for food across Africa is set to increase rapidly as the population expands. As Prince Cookey reports from…
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Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion
The African Trade Insurance Agency (ATI) has concluded its first deal in Ethiopia, backing a US$159m loan from the African…
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Atradius reveals world’s top emerging markets
Ivory Coast is among the global leading emerging market economies (EMEs) to watch, according to trade credit insurer Atradius, which…
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IMO gives climate change boost to Kenyan university
International Maritime Organization (IMO) has selected Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, to host the regional…
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Kenya’s listed insurers issue profit warnings
CIC Insurance has become the latest listed Kenya insurer to issue a profit warning for financial performance in 2016 blamed…
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Good governance key to overcoming challenges in developing countries, says World Bank
The World Bank has urged developing countries and international development agencies to rethink their approach to governance, as a key…
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Nigeria’s first recession since 1994 impacts rating
Fitch Ratings has revised the outlook on Nigeria's long-term foreign and local currency issuer default ratings (IDRs) to negative from…
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Mobile-enabled microinsurance for Uganda
Two South African companies, MTN and MMI Holdings, have launched mobile-enabled microinsurance products in Uganda in a move expected to…
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Regulation change hands Kenya insurers marine cover bonus
In the past month, Kenya insurers have been on a launching spree for online marine insurance products, thanks to a…
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Kenya’s IRA appoints new leader
Godfrey Kiptum is the new head of the Insurance Regulatory Authority (IRA) in Kenya, marking one of the longest awaited…
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Businesses in Nigeria worried about struggling economy and corruption
The biggest threats to Nigeria are market volatility and corruption, according to the 6th annual Allianz Risk Barometer, which also…
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Maritime kidnaps rise to 10-year high
Global piracy levels fell to an 18-year low in 2016, but figures from the ICC International Maritime Bureau (IMB) reveal…
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Kenya introduces amendments to insurance law
Kenya has introduced new amendments to its Insurance Act that allow investors to inject other forms of capital other than…
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Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017
S&P Global Ratings expects economic conditions for SSA economies to remain challenging in 2017, partially because of the region's high…
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Nigerian oil sector suffers from security issues, regulation and weak infrastructure
Risk managers need to keep their eye on oil prices as the Nigerian oil and gas sector continues to suffer…
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Nigerian insurers need to win consumer trust to counter difficult market
Declining premiums but rising claims costs are hitting the Nigerian insurance sector hard, delegates heard at the Business Journal Insurance…