Business

Mon,23Jan2017

Business

Jumpstarting Africa's insurance through talent and regulation

Delphine Maidou –‎Allianz Global Corporate & Specialty Africa’s chief executive. Photo©AllianzDelphine Maidou –‎Allianz Global Corporate & Specialty Africa's chief executive – is leading the company's new African expansion. In an interview with The Africa Report, Maidou spoke about her strategy and the challenges affecting the insurance sector in terms of talent and regulation.

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IMF and markets could sway Ghana election

Photo© Itsuo Inouye/AP/SIPAThe International Monetary Fund (IMF) must tread a careful line in its report on Ghana's economic management ahead of the December election.

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Nigeria in recession as low oil prices shrink economy

Photo©Sunday Alamba/AP/SIPANigeria, Africa's biggest economy, officially slid into recession for the first time in more than 20 years as the statistics office announced a further contraction in the second quarter of the year.

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South Africa's ANC backs Gordhan, urges him to cooperate with police

South African Finance Minister. Photo©Mike Hutchings/ReutersSouth Africa's ruling party backed Finance Minister Pravin Gordhan on Tuesday but urged him to cooperate with police investigations, days after Gordhan declined to meet detectives looking into his time at the tax office.

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IMF forecasts Senegal's GDP growth above 6 percent

A bank teller counts piles of old-style West African CFA Franc banknotes at a bank in Dakar, Senegal. Photo© BEN CURTIS/AP/SIPASenegal's economy is healthy and GDP should grow more than 6 percent this year and next, while its budget deficit will fall from a projected 4.2 percent of GDP this year to 3.7 percent in 2017, the International Monetary Fund said on Tuesday.

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Weak pound to hurt South Africa's Steinhoff UK business

Photo©John Stillwell/AP/SIPASouth Africa's Steinhoff warned on Wednesday the slump in the pound after Britain's vote to leave the European Union would hurt its UK business as the furniture conglomerate fell a touch short of estimates with a one-third rise in annual sales.

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Gas fuels Tanzania, Mozambique growth

Photo©Graham KietzmannMozambique and Tanzania's economic potential has been hard hit by low prices for natural gas, but investors are now looking closer to home for customers.

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