Nigerian risk managers warn consumers are trusting God not insurance

Nigerian risk managers warn consumers are trusting God not insurance

Nigerian risk managers warn consumers are trusting God not insurance

A group of risk managers in Lagos warned that too many people still do not trust insurers to provide the right products, particularly in the face of environmental, social and governance challenges brought on by climate change. Speaking on the sidelines of the second PSI African Market Event in Lagos this week, hosted by Continental Re, which was the first…

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Greenpeace Africa activists and volunteers delivered a #PlasticMonster partly covered with Nestlé-branded plastic packaging back to its source: the Nestlé factory servicing Kenya and other east African countries. The activists called on the multinational corporation to end its reliance on single-use plastic. They also held protests at Nestlé offices in the Philippines, Germany and other countries as part of a global…

Tackling north African unemployment key to reducing risks

Tackling north African unemployment key to reducing risks

Tackling north African unemployment key to reducing risks

The five Maghreb countries – Algeria, Libya, Mauritania, Morocco and Tunisia – must increase regional trade if they are to tackle unemployment, particularly among the growing young population. Unemployment is one of the reasons cited by many who cross the Mediterranean looking for a new life in Europe. In 1989, the Arab Maghreb Union was set up to promote cooperation…

Africa set to be biggest trade bloc in the world

Africa set to be biggest trade bloc in the world

Africa set to be biggest trade bloc in the world

Africa is just three signatures away from becoming the world’s largest trading bloc, after Ethiopia became the 19th country to ratify the African Continental Free Trade Agreement (AfCFTA). Since assuming office, Ethiopian Prime Minister Abiy Ahmed has also taken concrete steps to improve intra-African trade with moves such as the issuance of visas on arrival for citizens from African Union…

SSA recovery on track says IMF

SSA recovery on track says IMF

SSA recovery on track says IMF

Sub Saharan Africa’s (SSA) economic recovery is set to continue, according to the International Monetary Fund (IMF), with growth set to pick up to 3.5% in 2019 and stabilise at about 4% in the medium term. In contrast to a slightly more pessimistic view from the World Bank, the IMF says there are concerns but the prognosis is generally positive.…

SSA growth downgraded by World Bank but digital transformation offers hope

SSA growth downgraded by World Bank but digital transformation offers hope

SSA growth downgraded by World Bank but digital transformation offers hope

Growth in Sub Saharan Africa has been downgraded by the World Bank to 2.3% for 2018, from 2.5% in 2017. According to the April 2019 issue of Africa’s Pulse, the World Bank’s biannual analysis of the state of African economies, economic growth remains below population growth for the fourth consecutive year and, although regional growth is expected to rebound to…