Category: Governance
IMF warns debt rising in Africa to almost double in a decade
The average debt ratio in sub-Saharan Africa has almost doubled in just a decade ‒ from 30% of GDP at the end of 2013 to almost 60% of G [...]
Zimbabwe’s pensioners caught in the torn social safety nets: the call for better social protection regulation
In the heart of Harare’s Central Business District in Zimbabwe, a stark scene unfolds in the middle of the night. Elderly citizens, aged between 65 to [...]
Uganda’s insurance sector hits sh828.9bn premium mark in the second quarter of 2023
Uganda’s insurance sector continued to grow favourably, increasing from sh711.6bn in the second quarter of 2022 to sh828.9bn in the second quarter of [...]
Kenya plans 16% VAT on insurance agency and brokerage services
Kenya’s insurance agencies and brokerage services could start attracting up to 18% value added tax (VAT) by as early as July 2024, as the government l [...]
Cyber risk an afterthought as earthquake and floods tear Africa asunder
2023 is fast turning into Africa’s annus horribilis as the continent processes the economic and emotional trauma of three mega catastrophe loss events [...]
SanlamAllianz deal gets over the line to form SanlamAllianz in 27 markets, excluding South Africa
Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s leading insurers and financial services providers, h [...]
Navigating political risk insurance amid disputed elections in Zimbabwe – the latest African country to face allegations post-election
The recent elections in Zimbabwe, which saw the incumbent President Emmerson Mnangagwa winning a second term, have generated controversy and disputes, [...]
How claims payment drives sustainable growth of insurance business
One of the most contentious issues between insurance firms and policyholders in the African insurance sector is the settlement or payment of claims. A [...]
Winning strategies for digital transformation in the life insurance industry in Africa
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Historically, life insurance penetration rates in the African market have been very low. As the curre [...]
How new financial reporting approaches will affect Uganda’s insurance sector
Uganda’s insurance sector has adopted new reporting systems and amendments to existing regulations to boost the industry’s resilience in the market.
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