West Africa
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Ghana’s largest local reinsurer has ratings affirmed
Although its business growth is largely dependent on local regulators’ initiatives to promote insurance penetration and the use of local…
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New claims manager for AGCS Africa
AGCS Africa has appointed Heleen Ferguson as claims manager. Previously with AIG as a commercial claims manager, she started her insurance career at…
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Cotton insurance success for Senegal
Insurers are claiming success in Senegal after all cotton producers in Senegal subscribed to the first national index-based insurance policy.…
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Maritime security improving across Africa
Somalia has become the 14th signatory to the Jeddah Amendment to the Djibouti Code of Conduct, according to the International…
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Maritime safety gets boost in Morocco
Seven African maritime search and rescue (SAR) trainers have taken part in a first course held in Morocco by the…
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West African infrastructure gets European boost
As the conversation continues around the impact of Brexit on African trading partnerships, the African Development Bank (AfDB) and the…
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Senegal-UK Chamber of Commerce launches
A Senegal-UK Chamber of Commerce has been launched in London, in a bid to boost trade relations between the west…
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Fitch affirms both Cameroon and Tunisia, but political risks remain
Fitch Ratings has affirmed Cameroon's long-term foreign-currency issuer default rating (IDR) at B with a stable outlook and has affirmed Tunisia's…
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Boost for Guinea economy from World Bank
The World Bank Group has announced financial support totalling $2.35bn to help Guinea implement its National Economic and Social Development…
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One Re receives approval for CIMA-zone office
One Re has received its regulatory permission to open a branch office and conduct non-life reinsurance in the Inter-African Conference…
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Cape Verde sets itself up as Africa business hub
Cape Verde is setting itself up as the business hub of Africa, encouraging international trade and intra-Africa trade. Prime Minister…
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Risk Frontiers West Africa report
On 19 October 2017, Commercial Risk Africa hosted the Risk Frontiers West Africa conference at the Four Points by Sheraton…
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Bank boost for Sierra Leone
African Development Bank (AfDB) has approved a line of credit (LOC) of $3m to help finance projects and enterprises in…
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Mauritania urged to become more business friendly
Mauritania has been urged to strengthen its economy through a more transparent and user-friendly banking system, among a series of…
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Fitch downgrades Gabon
Plummeting oil prices have hit the Gabon economy hard, with Fitch Ratings now downgrading Gabon's long-term foreign-currency issuer default rating…
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New Insurance Commissioner for Ghana
Ghana’s president has appointed Justice Yaw Ofori as the Commissioner of the National Insurance Commission (NIC). He takes over from…
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Gas development boost in west Africa
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has signed a memorandum of understanding (MoU) with the government of Burkina Faso,…
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Risk managers need to keep eye on Ghana banks
Risk managers have been warned that more than 25 banks in Ghana are facing challenges in meeting new capital requirements…
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New mobile money system launches in west Africa
A possible rival for M-Pesa has been launched in west Africa, with plans to roll the system out across the…
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Ivory Coast joins ATI
Ivory Coast has become the latest member of the African Trade Insurance Agency (ATI). Ivorian minister Adama Koné said: “Ivory…
