China changing its approach to African investments

China changing its approach to African investments

China changing its approach to African investments

China’s style of investment across Africa is on the move, as the relationships between China and the continent evolves. Speaking at Risk Frontiers East Africa’s Roadmap to Success seminar in Kenya, organised by Commercial Risk Africa, Mikir Shah, chief executive officer at Axa Africa Specialty Risks, said that in the past “particularly in Africa, the deals done with China were…

South Africa continues to lead financial markets index

South Africa continues to lead financial markets index

South Africa continues to lead financial markets index

Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index this year, although South Africa remains in top position, supported by strong financial market infrastructure and a robust legal framework. However, according to the Official Monetary and Financial Institutions Forum (OMFIF), South Africa’s macroeconomic performance has deteriorated during the past year. Notably, the country no longer tops…

Continental Re celebrates ten years in Kenya

Continental Re celebrates ten years in Kenya

Continental Re celebrates ten years in Kenya

Pan-African reinsurance company Continental Reinsurance has marked its ten-year anniversary in Kenya by calling on industry stakeholders to work together to increase insurance penetration on the continent. Dr Femi Oyetunji, group managing director, Continental Reinsurance, said: “We should not focus on competing as industry stakeholders but complementing each other and building a better insurance market. By building partnerships, relationships and…

IMF sees growth in SSA

IMF sees growth in SSA

IMF sees growth in SSA

The International Monetary Fund (IMF) has welcomed the continued recovery in activity in Sub Saharan Africa’s (SSA) resource-intensive countries and sustained strong growth in most other countries. However, the IMF urged Sub Saharan African countries to reduce underlying vulnerabilities and strengthen the foundations for sustained high growth. It said: “Economic growth is picking up and macroeconomic outcomes have strengthened, but…

Africa’s development must be sustainable to address climate change risks

Africa’s development must be sustainable to address climate change risks

Africa’s development must be sustainable to address climate change risks

African governments and private businesses must look for sustainable developments across Africa to address climate change challenges. The seventh Conference on Climate Change and Development in Africa has opened in Nairobi with the African Union Commission (AUC), the Economic Commission for Africa and the African Development Bank (AfDB) pledging to continue working together to make Africa’s development sustainable, inclusive and…

Risk managers called on to help end state capture

Risk managers called on to help end state capture

Risk managers called on to help end state capture

South African risk managers have been called on to help end state capture (or corruption) in South Africa and rebuild a better society. Pravin Gordhan, minister of public enterprises, told 500 delegates at the Institute of Risk Management South Africa that risk managers must ask themselves: “Where was I when all of this was happening?” The current government, led by…