Mozambique receives funding to build risk management

Mozambique receives funding to build risk management

Mozambique receives funding to build risk management

Mozambique’s Disaster Risk Management (DRM) and Resilience Program has been given a $90m grant from the World Bank’s International Development Association (IDA). This financing will support the implementation of the government’s second DRM masterplan, which seeks to improve financial protection against natural disaster, including the operationalisation and capitalisation of the recently established Disaster Management Fund; strengthen disaster preparedness and response;…

OESAI names new secretary general

OESAI names new secretary general

OESAI names new secretary general

Linet Macharia has been appointed as the secretary general and CEO of the Organisation  of Eastern and Southern Africa Insurers (OESAI). Ms Macharia will be responsible for the day-to-day running of the OESAI, implementing the organisation’s strategy and marketing, developing relationships with OESAI key stakeholders, and creating value for OESAI members and the industry through various OESAI services and activities.…

New CEO for Zimnat General Insurance

New CEO for Zimnat General Insurance

New CEO for Zimnat General Insurance

Stanley Mazorodze has been appointed as CEO of Zimnat General Insurance in Zimbabwe. Mr Mazorodze recently celebrated 30 years in the insurance industry, and in the last year has spearheaded the expansion of the business portfolio through UMA partnerships with THI, GeneInsure and the Bonds & Guarantees business. Mr Mazorodze said: “I create my own market, I don’t chase competition,…

Business disrupted across southern Africa by Cyclone Idai

Business disrupted across southern Africa by Cyclone Idai

Business disrupted across southern Africa by Cyclone Idai

Business across Mozambique, Malawi and Zimbabwe has been severely disrupted by Cyclone Idai, which has left more than 1,000 dead in Mozambique alone. Deaths have reached nearly 100 in Zimbabwe and huge swathes of all three countries have been left without power, with roads washed away and all communications down. The storm has disrupted many businesses but hit the mining…

Obituary: Dawid Welman

Obituary: Dawid Welman

Obituary: Dawid Welman

Dawid Welman, founder of the Namibian chapter of the Institute of Risk Management South Africa (IRMSA) and head of group risk management at Ohlthaver & List Group of Companies (O&L Group), has died suddenly. An IRMSA statement said: “It is with great sadness that we advise of the recent passing on of one of IRMSA’s most esteemed members, Dawid Welman.…

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Lesotho has topped the suicide list for women globally, as the World Health Organisation (WHO) revealed someone commits suicide every 40 seconds. Companies are being urged to encourage staff to be more open about mental health issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, said: “Last month, we celebrated the Time to Talk Day 2019 – a…

150% hike in fuel costs sparks protests across Zimbabwe

150% hike in fuel costs sparks protests across Zimbabwe

150% hike in fuel costs sparks protests across Zimbabwe

Risk managers with interests in Zimbabwe are worried after a 150% hike in the price of fuel sparked protests across Zimbabwe. A three-day internet blackout has been imposed, making it difficult to know what is happening on the ground and to monitor the risks to property and staff. Zimbabwe President Emmerson Mnangagwa has called for “calm and peace”, adding: “As…

Angolan oil sector ripe for transformation

Angolan oil sector ripe for transformation

Angolan oil sector ripe for transformation

Angola has been benefiting from oil price rises in the past year but now it appears major reforms of its oil and gas sector are set to pay dividends too. NJ Ayuk, founder and CEO of Centurion Law Group and executive chair of the Africa Energy Chamber of Commerce, and João Gaspar Marques, an energy analyst, report that Angola is an…

Cape Verde ratings affirmed

Cape Verde ratings affirmed

Cape Verde ratings affirmed

Fitch Ratings has affirmed Cape Verde’s long-term foreign-currency issuer default rating (IDR) at B with a stable outlook. The agency said the B IDR balances Cape Verde’s high levels of public and external indebtedness, large sovereign contingent liabilities and high reliance on tourism activity, against strong governance indicators and a high degree of concessionality in the sovereign’s public and external…

1 2 3 12