Saturday, 10 December 2016
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Sub Saharan Africa working hard to make it easier to do business

Sub Saharan Africa has seen more than 25% of all global reforms as governments strive to make their countries an easier place to do business, according to the World Bank.

Nigerians must make change happen if economy is to pick up

Nigerian risk managers, together with the insurance industry, are at the forefront of a new campaign to encourage Nigerians to help themselves out of the current tough financial times.

Stuttafords’ 158-year history not enough to keep ‘wolves’ from door

Stuttafords, one of South Africa’s better known retail brands, filed for voluntary business rescue on 31 October. Stuttafords was founded in 1858 and currently occupies more than 43,000 square metres of retail space dispersed in more than 18 retail locations throughout South Africa. It also has a presence in Botswana and Namibia.

    Ethiopia unrest swells as country forced into state of emergency

    A Turkish textile factory and mine owned by Aliko Dangote are reported to have been attacked in the past month, as violence and civil unrest hit Ethiopia.

      Rating actions: latest update

      The rating agencies have made a number of changes to their views on various African countries recently.

        Reasons to be cheerful

        In the past couple of months, Commercial Risk Africa has hosted Risk Frontiers events in Windhoek, Nairobi and Lagos, attracting hundreds of risk managers from across the continent.

          PPPs useful in unlocking emerging market potential

          Public-private partnerships (PPP) can unlock opportunities in emerging markets for (re)insurance companies, according to a new report from Axco Insurance Information Services.

            Risk managers must move cyber risk up the agenda

            Risk managers are being warned not to relax around cyber threats but to make sure they have comprehensive disaster recovery plans in place.

              Environmental risks a growing concern

              Risk managers are being warned to pay close attention to changing regulatory requirements around environmental liabilities.

                SA mining sector facing another challenging year

                This year has marked another challenging period for South Africa’s mining industry, in the wake of subdued commodity prices, an increase in short-term volatility, increased pressure on operating models and regulatory uncertainty, according to PwC.

                  A day in the life of a risk manager

                  The Institute of Risk Management is about to embark on a roadshow to Kenya, Zimbabwe and South Africa. Here we speak to four of their members about their lives as risk managers.

                    And the award goes to…

                    The Institute of Risk Management South Africa recently held its annual awards, highlighting the development of the risk management profession in South Africa. We take a look at some of the winners.

                      The Insurance Act 2015: Will it make insurance harder to place?

                      The Insurance Act 2015 shakes up insurance law in the UK. While the Marine Insurance Act 1906 has not been repealed, risk managers in Africa should be aware that the Act will apply to all (re)insurance contracts written on or after 12 August 2016 which are governed by English law.

                        Voluntary rescue highlights risks of African retail sector

                        As one major South African retailer hit rock bottom, the retail sector across Africa remains highly competitive and potentially rewarding but also full of risk. Gareth Stokes reports from southern Africa, while on the following page, Steve Mbogo considers the east African view.

                          Mixed bag for Kenya’s retail sector

                          Steve Mbogo takes a look at the retail sector in east Africa.

                            Ivory Coast outperforming

                            The past four years have seen massive changes in the Ivory Coast’s economy but a recent vote on a new constitution has worried some.

                              Yes vote to constitutional changes in Ivory Coast

                              Electoral officials in Ivory Coast announced on 2 November that the ‘yes’ campaign had won the 31 October referendum on a new constitution, with 93.42% of the votes.

                                Insurers in Cima face tough times in meeting new regulatory requirements

                                Ivory Coast is part of the Conférence Interafricaine des Marchés d’Assurances (Cima) insurance grouping. Earlier this year, Cima set out plans for some major changes affecting all 14 of its members, as Commercial Risk Africa explores.