West Africa
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Belgium to ban cheap fuel exports to West Africa
The Belgian government has adopted new quality-control measures that will suspend the sales of low-cost and low-quality fuel shipments to…
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African Risk Capacity launches parametric cover for epidemic risks
African Risk Capacity (ARC), the mutual created by the African Union (AU) to help member states better prepare for and…
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Ghana regulator steps up pressure on insurers
Ghana’s National Insurance Commission (NIC) has committed to ensuring that all insurers meet new minimum capital requirements by a 31…
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Africa Specialty Risks launches Bermuda reinsurer
Africa Specialty Risks (ASR), the pan-African reinsurance group, has launched a licensed reinsurance entity in Bermuda. The fast-growing group will…
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Mali improves fraud defences
Mali is improving its defences against banking fraud, making the west African country safer for businesses. Software security company BS/2,…
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Ebola causing more concern than Covid-19 in west Africa
A new outbreak of Ebola in Guinea is causing more concern than the ongoing Covid-19 pandemic, according to experts. Risk…
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Risk managers warned of major piracy threat in Gulf of Guinea
The Gulf of Guinea accounts for more than 95% of all piracy attacks, according to new figures. The International Maritime…
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Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades
The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate…
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Waica Re profits up for 2019
West Africa-headquartered Waica Re has reported a 42% rise in pre-tax profit, including an increase in underwriting profit of 64%,…
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Togo becomes latest country to join ATI
Togo has become the latest member of the African Trade Insurance Agency (ATI), as African countries look to protect themselves…
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Ghana launches Covid-19 tracker
Ghana has launched a Covid-19 tracker app in its bid to fight the coronavirus. The country’s vice-president, Dr Mahamadu Bawumia,…
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World unlikely to step in to stop west African piracy
Global trade swayed the decision-making in favour of taking a stand against the Somali pirates operating off the east coast…
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Market developments and macroeconomics head Ghana’s risk list
Macroeconomics and market developments rank as the most important business risks in Ghana, being named by 41% of respondents in…
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ICS calls for global response to Nigerian marine kidnappings
The International Chamber of Shipping (ICS) has called for a global response and support for the Nigerian authorities battling to…
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Political risk rises up agenda in Africa
Political risks top the list for some African Francophone countries, in contrast to cyber risks which were cited as the…
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AMRAE continues drive for more consistent insurance regulation across CIMA region
French risk and insurance management association AMRAE is using its annual meeting of Club FrancoRisk at the start of its…
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Insurers overcharging for Indian Ocean crossings but world ignoring west Africa crisis
The world needs to wake up to the shipping crisis in west African waters, warns security expert Dryad Global. In…
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Political risks rise in Ivory Coast as election looms
Risk managers are being warned of rising political risks in Ivory Coast, as the west African country heads towards a…
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Series of pirate attacks worries African marine sector
Risk managers with marine interests and with supply chains involving transiting African waters should be monitoring a surge in pirate…
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Risk managers have nothing to fear from west African currency reforms
Risk managers and their businesses should not be overly concerned by currency reforms in the West African Economic and Monetary…