Angola lies 137th in Global Competitiveness Index despite investing billions of dollars

Angola lies 137th in Global Competitiveness Index despite investing billions of dollars

Angola lies 137th in Global Competitiveness Index despite investing billions of dollars

Angola has been placed 137th in the World Economic Forum’s Global Competitiveness Index, despite the government investing between $99.5bn and $99.5bn between 2002 and 2015 in the construction and reconstruction of roads, bridges, railways, airports, ports, dams, power distribution networks, electricity and water, hospitals, schools, housing and public buildings. The minister of economy and planning, Pedro Luís da Fonseca, said…

Push to insure SMEs launches in Botswana

Push to insure SMEs launches in Botswana

Push to insure SMEs launches in Botswana

SMEs across Botswana are seeing rising theft, as well as damage to property and claims from staff. A spokesman for Botswana Insurance Company (BIC) said the top three claims from SMEs are headed by theft, and then followed by loss or damage of items and workers’ compensation. But he warned that many SMEs see insurance as an added expense that…

Botswana must diversify economy, warns IMF

Botswana must diversify economy, warns IMF

Botswana must diversify economy, warns IMF

Botswana may have reasonably good prospects in the near and medium term but the development model needs to be revamped, the International Monetary Fund (IMF) has warned. Enrique Gelbard, who heads the IMF team for Botswana, said: “Diamond production may only extend for another 30 years and mining activities do not create enough jobs. “In addition, Botswana has a small…

Honeymoon period over for Angola under new President Lourenço

Honeymoon period over for Angola under new President Lourenço

Honeymoon period over for Angola under new President Lourenço

Investors are increasingly worried about the state of the Angolan economy, according to a new report. EXX Africa has published a special report on the investment risk outlook on Angola and says that, although since gaining power one year ago Angolan President João Lourenço has enjoyed the benefits of renewed market optimism and fresh investor interest, there are now growing…

Changing times force changing behaviours

Changing times force changing behaviours

Changing times force changing behaviours

A new operating environment, both economically and demographically, is creating some real challenges for business from all sectors. The question facing delegates at Commercial Risk Africa’s recent Risk Frontiers Southern Africa event was not only whether their business is facing up to these, but whether they themselves as risk managers are in the best position to leverage the opportunities The…

What can the risk manager do?

What can the risk manager do?

What can the risk manager do?

As demand for greater risk management increases from the insurance industry, Christopher Palm, of the Institute of Risk Management South Africa, considers how risk managers can make themselves future-fit and win over the ears of the board Becoming creative about risk management rather than depending purely on process should enable risk managers to earn their invite to the boardroom and…

Political violence insurance slow to take off in Zimbabwe despite protests

Political violence insurance slow to take off in Zimbabwe despite protests

Political violence insurance slow to take off in Zimbabwe despite protests

Persuading firms to buy political risk insurance in Zimbabwe has proved challenging, according to one leading insurer. Alice Shumba, executive director – operations at FBC Reinsurance, said: “We have been championing political violence insurance but there were no takers.” She said she was not sure whether it was a case of insureds and risk managers not fully understanding how the…

Surviving a political crisis

Surviving a political crisis

Surviving a political crisis

Political risk is a major challenge for any business, as risk managers across the continent fully appreciate. However, the Zimbabwe experience of the Mugabe era was possibly unique in its challenges. There are lessons for everyone, though, in terms of resilience and survival but also in terms of innovation and entrepreneurial spirit, as David Kaye reports As Zimbabwe settles down…

Zimbabwe holds its breath as elections take place without Mugabe

Zimbabwe holds its breath as elections take place without Mugabe

Zimbabwe holds its breath as elections take place without Mugabe

Zimbabwe businesses are collectively holding their breath as the first presidential elections without Robert Mugabe take place since independence. Businesses are hoping the transition will be free and fair and that foreign investors will take sufficient confidence from the process to enter the market once again. Speaking at the African Insurance Exchange in Sun City yesterday, Grace Muradzikwa, CEO at…

Don’t miss out – sign up for Risk Frontiers Southern Africa

Don’t miss out – sign up for Risk Frontiers Southern Africa

Don’t miss out – sign up for Risk Frontiers Southern Africa

We would like to invite you to attend Commercial Risk Africa’s fourth Risk Frontiers Southern Africa – Roadmap to Success conference, taking place at the Avani Gaborone Hotel and Casino, in Gaborone, Botswana, on Thursday 26 July from 8am to 2pm. Developing skills and nurturing talent remains one of the great challenges for business across Africa, including within the risk…

1 2 3 10