West Africa
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European Investment Bank to support ATI growth
The European Investment Bank (EIB) has agreed to support membership expansion of the African Trade Insurance Agency (ATI). It is…
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How to avoid sanctions for lack of compliance in Equatorial Guinea
Companies are being advised to be mindful of local compliance rules ahead of doing business in Equatorial Guinea. Pablo Mitogo,…
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Adama Ndiaye named as new Sen Re head
Adama Ndiaye has been appointed as general manager of Sen Re, replacing Moussa Diaw, who stepped down on 31 October.…
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Brokerslink agrees new tie-up with SUNU
Broking business Brokerslink has announced a strategic partnership with African insurer SUNU Group, as it strengthens its ties with Africa.…
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Infrastructure risks topped agenda at first Francophone risk management conference
Infrastructure risks topped the agenda when about 120 risk professionals met for the first RARM conference. Attracting delegates from across…
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Ghana signs up to ATI in €16m deal
Ghana’s Ministry of Finance and German bank KfW have agreed a financing agreement in the amount of €Ä16m that will…
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ARC pays out to Ivory Coast after drought
The Insurance Company of Pan African Mutual Risk Management (ARC) has paid $738,835 in compensation to the Ivory Coast government,…
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West African insurers moving toward risk-based capital requirements
Insurers across west Africa have been working towards compliance with tough new risk-based capital requirements being imposed by their regulators.…
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Senegal insurers enjoy 7% growth
The insurance sector in Senegal grew by about 7% in 2018, according to preliminary financial figures. The 29 insurers in…
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Piracy attack off Cameroon coast heightens risk
Risk managers with shipping interests have been warned of the piracy risk off the west African coast. In the latest…
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Change in law could aid Gabon’s oil sector
Gabon's new hydrocarbon law removes barriers to investment in the sector and could help arrest the declining trend in oil…
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CIMA insurers pledge to reduce insolvency risks
Insurers across the 14 countries of the CIMA (Francophone Africa) region are promising to use credit insurance products to help…
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Swiss Re opens office in Ivory Coast
Reinsurer Swiss Re is to open an office in Abidjan, Ivory Coast, after being granted approval by the Inter-African Conference…
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ATI opens west Africa office
African Trade Insurance Agency (ATI) has opened a west Africa regional office, in Benin. The office launch caps a six-year…
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New initiative set to boost Senegal-UK trade
A new initiative has been launched to boost trade between Senegal and the UK and reduce the risks for investors…
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Ghana to impose tough new capital requirement on insurers
The Ghanaian insurance commissioner is to impose a massive hike in capital requirements for the 142 regulated entities in the…
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Accra flood risk to be managed
More than 2.5 million people and thousands of businesses in the Odaw River Basin of the Greater Accra Region (GAR)…
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New deal on reinsurance for Equatorial Guinea energy market
Alesco Risk Management Services (Alesco), a specialist insurance and risk management broker, has been appointed to arrange a reinsurance facility…
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Risk of resource nationalism rises significantly in 30 countries, finds Verisk Maplecroft index
Investors face “significantly” higher risk of resource nationalism in 30 countries compared to last year, according to Verisk Maplecroft’s latest…
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Election results could be disputed in Senegal
The opposition has disputed the election results in Senegal which, so far, show a strong win for incumbent President Macky…