East Africa
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Sunday Thomas confirmed as Nigeria’s insurance commissioner
Nigeria’s President Muhammadu Buhari has approved the appointment of Sunday Thomas as commissioner for insurance and chief executive officer of…
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Nigerian insurers offer free cover to health workers
Nigeria’s President Muhammad Buhari has commended the insurance sector for supporting the government with free insurance cover for frontline workers.…
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AfDB bars Nigerian company for fraud
The African Development Bank Group (AfDB) has barred China Zhonghao Nigeria, a civil engineering company registered in Nigeria, for 18…
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No v-shaped economic ‘snap back’ from Covid-19 as geopolitical tensions split open
There will be no economic “snap back” from Covid-19 until late 2021 as the pandemic causes civil unrest and splits…
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Kenya in partial lockdown as coronavirus disrupts businesses
Kenya has tightened measures to prevent further spread of the coronavirus after the number of confirmed cases doubled to 16…
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Kenya’s insurance regulator in search of fraud prevention interventions as losses pile up
Fraud is a major issue in the Kenyan insurance market and is thought to be one of the main reasons…
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Learning lessons from the 2019 cyclones
Stakeholders need to go above and beyond if they are to learn vital lessons from the catastrophic cyclones that swept…
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Nigeria risk award date set for July
The fifth edition of the Nigerian Risk Summit and Awards (NRSA 2020) has been set for 9 July 2020. Entries…
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Rajni Varia named as inaugural Vanguard Market Development Award winner
Rajnikant (Rajni) Varia, former managing director of ZEP-RE, has been named as the inaugural winner of the Vanguard Market Development Award by…
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Exchange rate risks could be thing of the past as east Africa moves to single currency
Risk managers operating in east Africa may be able to take exchange rate risks off their radar, if plans to…
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Nigerian regulator extends deadline for recapitalisation as at least six insurers announce plans to merge
Nigeria’s National Insurance Commission (NAICOM) has extended the insurance sector's recapitalisation deadline by six months to 31 December 2020, from…
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Nigerian risk manager gains digital risk qualification
Nigerian risk manager Edmund Otaigbe has been named among the first cohort to pass the Institute of Risk Management’s (IRM)…
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African risk expert among first to gain IRM’s Digital Risk Certificate
The first cohort of students to pass the Institute of Risk Management’s (IRM) Digital Risk Certificate have just received their…
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Sixth tanker attacked off Nigerian coast
Risk managers are being warned of the heightened risk for shipping in the Gulf of Guinea, after the crude oil…
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East and southern Africa states celebrate 25 years of COMESA
The Common Market for Eastern and Southern Africa (COMESA), which includes financial services, is celebrating 25 years. ZEP-RE has been…
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Kenyan insurance brokers retain almost 20% of premiums
The Kenyan courts have been told that insurance brokers are withholding some 19.8% of premiums amounting to about KSH500bn from…
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Kenya launches new data protection rules
Kenya has introduced a new data protection law, which should safeguard against the commercialisation and misuse of data. The law,…
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Africa Re lays foundation of new head office in Abuja
The African Reinsurance Corporation (Africa Re) has laid the foundation stone of its new head office in Abuja. The Honourable…
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GA moves into Ugandan market
Kenyan insurer GA Insurance has completed the purchase of Nova Insurance Company in Uganda, after entering an agreement in March…
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Ademola Abidogun named as CEO of Guinea Insurance
Nigeria’s National Insurance Commission has approved the appointment of Ademola Abidogun as the managing director/chief executive officer of Guinea Insurance.…