Political risks in Africa changing erratically

Political risks in Africa changing erratically

Political risks in Africa changing erratically

The Africa region saw some of the biggest improvements in political risk in the past year – and also some of the most notable deteriorations, according to Fitch Solutions. Marsh’s Political Risk Map 2019, based on data from Fitch Solutions, highlights political risk changes from last year across the world, including Africa. It also looks ahead to ongoing risks, including…

Risk of not implementing AI higher than risk of forging ahead

Risk of not implementing AI higher than risk of forging ahead

Risk of not implementing AI higher than risk of forging ahead

Businesses cannot afford to ignore artificial intelligence (AI), as they would be running higher risks than if they forge ahead with implementation. According to a new report from RIMS – RIMS Professional Report: Making Sense of Artificial Intelligence and Its Impact on Risk Management – the risk of not adopting some form of AI can be much greater than the…

Unemployment tops risk list for South Africa

Unemployment tops risk list for South Africa

Unemployment tops risk list for South Africa

Structurally high unemployment tops the risk list, according to the Risk Report 2019 from the Institute of Risk Management South Africa (IRMSA). That is followed by growing income disparity and inequality. Good news includes unmanageable fraud and corruption dropping from second to fourth on the list. But it is no surprise that inadequate and/or sub-standard education and skills development is…

Nigerians hoping political unrest is muted after Buhari re-elected as President

Nigerians hoping political unrest is muted after Buhari re-elected as President

Nigerians hoping political unrest is muted after Buhari re-elected as President

Nigeria’s President Muhammadu Buhari has been re-elected for a second term, with 56% of the vote. However, the opposition People’s Democratic Party, which received 41% of the votes, has contested the results, leaving the country holding its breath and hoping there is no recurrence of the violence that has marred elections in previous years. So far, Al Jazeera has reported…

Election results could be disputed in Senegal

Election results could be disputed in Senegal

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 Sall. According to Reuters reports, Senegalese President Macky Sall is on course for a strong election victory, based on preliminary results from Sunday’s vote. Local media website Dakaractu.com said President Sall had won more than 58% of the vote based…

New east African trainer named for IRM

New east African trainer named for IRM

New east African trainer named for IRM

Pinebridge Training and Consulting has been accredited as a licensed Fundamentals of Risk Management (FoRM) provider for the Institute of Risk Management (IRM) and will be operating in Kenya, Uganda, Tanzania, Rwanda and Burundi. The IRM said: “The FoRM course is well respected and attracts delegates from a wide variety of organisations from all over the world. FoRM gives students…

Ratings agency worry after South African budget

Ratings agency worry after South African budget

Ratings agency worry after South African budget

Observers are concerned the South African budget this week may not satisfy the ratings agencies, which have been waiting for signs of economic recovery in one of Africa’s largest economies. Experts at Citadel said: “This was always going to be one of South Africa’s toughest budgets, with enormous pressure on government resources in an extremely difficult economic environment. “Under the…

Tensions high as Nigerian election delayed a week

Tensions high as Nigerian election delayed a week

Tensions high as Nigerian election delayed a week

Politicians and international election observers have called for calm as the Nigerian presidential election was postponed for a week. The electoral officials blamed the delayed delivery of voting slips and other logistical reasons for the week-long delay, which has been roundly condemned by politicians on both sides of the debate. Elections should have been held on Saturday and there had…

Political risk heightened in Ghana

Political risk heightened in Ghana

Political risk heightened in Ghana

A recent by-election in Ghana has highlighted the continuing political risk for businesses in the west African state. Lord-Gustav Togobo, director, leadership intelligence and business development at Songhai Advisory, said: “Party political policy reversals and appointments following elections are de rigueur in Ghana, as is the preponderance of executive authority over rules or process. “Neither side of Ghana’s two-party system…