Ferma rolls out rimap CPD scheme and announces AMRAE equivalence

Ferma rolls out rimap CPD scheme and announces AMRAE equivalence

Ferma rolls out rimap CPD scheme and announces AMRAE equivalence

Ferma has rolled out its continuous professional development (CPD) programme to help those qualified maintain their rimap certification, and announced that AMRAE’s training programmes, as well as those provided by US education provider The Institutes, have been granted equivalence to rimap. Ferma said the CPD programme offers more than 100 days per year of courses, conferences and other activities across…

Africa urged to look inwards for more private investment

Africa urged to look inwards for more private investment

Africa urged to look inwards for more private investment

Risk managers have become used to growing protectionism across the world, so now African countries have been urged to support and grow local investors and entrepreneurs to counter the fickleness of international investment flows. The Economic Commission for Africa executive secretary, Vera Songwe, said the uncertainty wrought by Brexit and an inward-looking US is intensifying the threats of protectionism rather…

Angola expected to attract more private investment as economy recovers

Angola expected to attract more private investment as economy recovers

Angola expected to attract more private investment as economy recovers

Risks in Angola are on the decrease, according to the International Monetary Fund (IMF), which predicts that the economy is recovering and restrictions on private investment will be lifted. It said lower oil prices since mid-2014 placed the Angolan economy under stress. The authorities initially reacted to the oil price shock with significant fiscal tightening and exchange rate adjustments coupled…

Risk management event scheduled for Namibia

Risk management event scheduled for Namibia

Risk management event scheduled for Namibia

The Namibia chapters of the Institute of Internal Auditors South Africa (IIA SA), the Institute of Risk Management South Africa (IRMSA) and the Information Systems Audit and Control Association (ISACA) will be collaborating in a joint conference on 18 June 2018, in Windhoek. With the conference theme, ‘Is it the end of the world as we know it?’, speakers include Monia…

Nadim Semaan joins Alesco as a partner

Nadim Semaan joins Alesco as a partner

Nadim Semaan joins Alesco as a partner

Alesco Risk Management Services (Alesco) has appointed Nadim Semaan as a partner. Mr Semaan will join Alesco, a specialist insurance and risk management broker, in July 2018 and will report to Simon Clarkson, managing partner. This newly created role will see him work closely with Alesco’s multidisciplinary and specialist teams across all business lines to further develop its business and…

World’s fastest-growing economy set for almost 10% growth in 2018

World’s fastest-growing economy set for almost 10% growth in 2018

World’s fastest-growing economy set for almost 10% growth in 2018

Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018 – July 2017 to June 2018 – down from 10.9% in fiscal year 2017, but the economy remains stable and open for foreign investment. According to a new World Bank Group report, the Horn of Africa nation was the world’s fastest-growing economy in 2017. During the ten fiscal years…

Another deal struck to ease land border congestion in Africa

Another deal struck to ease land border congestion in Africa

Another deal struck to ease land border congestion in Africa

Risk managers should be breathing a sigh of relief as yet another deal is signed to ease land border difficulties in east Africa. COMESA and the International Organization for Migration (IOM) have signed a co-delegation agreement on the implementation of the small-scale cross-border trade initiative in five border posts within the region. The programme is part of a broader COMESA-European…

International trade links with Rwanda growing fast

International trade links with Rwanda growing fast

International trade links with Rwanda growing fast

Rwandan growth in 2017 was better than expected and occurred in all areas except construction, according to the latest findings of the International Monetary Fund (IMF). It said Rwanda’s export performance was particularly notable, with goods exports rising by 58%, based on strong performance of both traditional and non-traditional exports. Growth drivers in the near-medium term will be broad based,…

Business set to benefit from growth in SSA

Business set to benefit from growth in SSA

Business set to benefit from growth in SSA

Fostering private investment will be key to sustaining Sub Saharan Africa’s growth, which the International Monetary Fund (IMF) has reported is experiencing a modest growth uptick. Its latest report suggests about two thirds of countries in the region reportedly saw accelerated growth during the past year. Papa N’diaye, chief of IMF’s regional studies division, stated that “growth is expected to…

Equatorial Guinea plans business boost after joining Afreximbank

Equatorial Guinea plans business boost after joining Afreximbank

Equatorial Guinea plans business boost after joining Afreximbank

Equatorial Guinea has become the 50th member state of the African Export-Import Bank (Afreximbank). Bank president Dr Benedict Oramah noted that, with its many natural resources, Equatorial Guinea offered great prospects for regional trade, the development of industrial capacity and value-added exports, and said that Afreximbank would support the country’s drive for sustainable economic growth by providing it with financing…

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