Author: Dominique Mabika

In Uganda, insurance companies have been called upon to make their products more transparent and their claims processes faster in order to restore public trust. The call was made by Rita Namakiika Nangono, President of the Insurance Appeals Tribunal (IAT), during a meeting of insurance company executives held on September 11, 2025 in Kampala. According...

The South African group Discovery, specializing in health insurance, announced an increase in its results for the fiscal year ending on June 30, 2025. Both the main profit and the normalized main profit have indeed increased by 30%, reaching respectively 9.6 billion ZAR (554.7 million USD) and 9.8 billion ZAR. This growth is part of...

BNA Insurance held its first financial communication as a publicly traded company on the main market of the Tunis Stock Exchange on Wednesday, September 17. The interim financial statements as of June 30, 2025 show a 6% increase in net income, which amounts to 7.2 million dinars (approximately 2.1 million euros). The turnover reached 93.4...

The Association of Kenyan Insurers (AKI) is calling for joint action between the Ministry of Education, schools and universities, as well as other stakeholders, to establish a coordinated strategy to improve insurance coverage and risk management in schools. Among the proposed measures are the creation of insurance policies combining fire, theft, accident and liability coverage,...

Gathered in Dakar on Wednesday, September 17, 2025, the Monetary Policy Committee (MPC) of the Central Bank of West African States (BCEAO) kept its key interest rates unchanged, with a refinancing rate at 3.25%, the marginal lending facility at 5.25%, and deposit remuneration at 3%. While the decision reflects a situation marked by robust growth...

On Wednesday, September 17, 2025, in Dakar, the Monetary Policy Committee (MPC) of the Central Bank of West African States (BCEAO) decided to keep its key rates unchanged, including the refinancing rate at 3.25% and the marginal lending facility rate at 5.25%. The deposit facility rate for credit institutions remains at 3%. This decision is...

The third meeting of the Monetary Policy Committee (MPC) of the Central Bank of West African States (BCEAO) for the year 2025 opened on Wednesday, September 17 in Dakar (Senegal), under the chairmanship of Jean-Claude Kassi Brou. The discussions focus on the report on monetary policy in the Union, with an examination of the recent evolution of the international and domestic economic environment, growth prospects, and short- and medium-term risks. In his opening speech, the governor provided an overview of the global economic situation, highlighting the strong uncertainties related to the imposition of new tariffs between the United States and…

The Nigerian insurance market is entering a new phase with the implementation of a recapitalization exercise that will be completed by July 2026. Companies, faced with the difficulty of raising new capital, are exposed to a wave of mergers, acquisitions, or, failing that, forced liquidations. This transformation is part of the Insurance Industry Reform Act...

The aviation insurance market in Zimbabwe is experiencing a period of significant contraction due to a limited number of operators and the country’s persistent economic difficulties. According to the Insurance and Pensions Commission (IPEC), the segment’s revenues stood at only USD 0.45 million in the first quarter of 2025, a 73% drop compared to the...

The World Trade Organization (WTO) announced on Monday, September 15, the entry into force of an agreement aimed at limiting public subsidies that fuel overfishing worldwide. This is a step long demanded by scientists and environmental advocates for the protection of the oceans. The WTO’s first multilateral text dedicated to environmental sustainability, the Agreement on...

Stellantis, the multinational automotive group, and AXA announced on Monday, September 15, the completion of the sale of 80% of the capital of AXA Crédit, the Moroccan consumer credit subsidiary of AXA Assurance Maroc. The operation was carried out by Fidis S.p.A., a subsidiary fully owned by Stellantis. As part of this transaction, a strategic...

The General Confederation of Moroccan Companies (CGEM) announced the renewal, for a period of three years, of the Corporate Social Responsibility (CSR) Label of CAT Insurance & Reinsurance. This distinction recognizes the integration of sustainable development principles into the company’s strategy and governance, in accordance with the nine axes of the CGEM’s CSR charter. The...

The Malian government announced, following the council of ministers on September 10, 2025, the creation of a national reinsurance company. This new entity aims to capture a larger share of resources from the local insurance market and strengthen the sector’s contribution to the national economy. This initiative is in response to the observation that, although...

Algeria has announced the creation of a special fund aimed at financing African startups, thus affirming its willingness to actively participate in the technological and economic development of the continent. This initiative is part of a strategy to diversify an economy still largely dependent on hydrocarbons, by focusing on innovation, entrepreneurship, and youth. The announcement...

The Mutual Insurance of Education (MAE Assurances), specializing in child and family protection, has implemented a conversational agent based on artificial intelligence. According to the institution, this tool is not intended to replace human relationships, but to support and strengthen them. It aims to facilitate access to services, relieve advisors in their daily tasks, and...

The Egyptian Financial Regulatory Authority (FRA) has released its 2024 annual sustainable development report, focusing on the evolution of green finance and sustainability in the non-banking financial sector. The document highlights the regulatory measures adopted in line with the country’s climate goals, Egypt’s Vision 2030, and international standards. One of the major achievements of the...

Inflation in Egypt continued to slow down in August, according to data published jointly by the Central Agency for Public Mobilization and Statistics (CAPMAS) and the Central Bank of Egypt (CBE). On an annual basis, it fell to 12.0%, down from 13.9% in July, marking a significant decline in inflationary pressures, according to a statement...

The insurance sector in Uganda recorded a strong performance in the first half of 2025, driven by both expanded coverage and increased market activity. According to figures released by the Insurance Regulatory Authority of Uganda (IRA), gross written premiums grew by 8.78%, reaching 1,060 billion UGX (approximately 286.5 million USD) as of June 30, 2025,...

Britam Holdings, the leading insurer listed on the Nairobi Stock Exchange in terms of market capitalization, is preparing for a new phase of expansion across the African continent. Faced with a competitive domestic market and still low insurance penetration in Africa, the group intends to take advantage of these growth opportunities to diversify and increase...

The Chinese group Sailun inaugurated on September 10th a tire manufacturing plant in Egypt, worth 48 billion Egyptian pounds (approximately one billion dollars). Located within the integrated industrial zone of Sokhna, in the Suez Canal region, this facility covers 350,000 square meters and represents one of the largest Chinese industrial investments in the country. The...

The Ivorian insurance market is entering a new phase of modernization. During a meeting held last week with the CEOs of insurance companies, the president of the Association of Insurance Companies of Côte d’Ivoire, Mamadou GK Koné, presented three major digital projects focused on health insurance and automobile insurance. These two branches alone generate 60%...

The Banque de Financement des Petites et Moyennes Entreprises (BFPME) has published its financial statements for the year 2024, revealing a still concerning situation despite a partial reduction in losses. Total commitments amount to 437.9 million Tunisian dinars (131.4 million euros) compared to 435.6 million dinars (approximately 130.7 million euros) in 2023, thus recording a...

ZB Financial Holdings has released its unaudited interim financial results for the half-year ended June 30, 2025, reporting strong growth despite persistent challenges in the global economy. The group recorded a profit after tax of $16.6 million USD (0.428 billion ZWG), compared to $7.4 million USD (0.192 billion ZWG) for the same period in 2024,...

The Japanese rating agency Rating and Investment Information (R&I) has revised the outlook for Tunisian sovereign debt from “negative” to “stable”, while maintaining its rating at B-. This recognition of the progress made by the country in terms of macroeconomic stabilization, according to Tunisian authorities. Several key factors led to this decision, including the reduction...

The Tunisian subsidiary of the Attijariwafa group announced a net profit of 116.2 million Tunisian dinars (MDT) for the first half of 2025 (approximately €34.9 million). The bank recorded a net banking income (NBI) of 356.4 MDT (approximately €107.0 million), an increase of 2% compared to the same period in 2024. Operating revenues amounted to...

The Cameroonian bank CCA Bank is preparing to take a major step in its development by opening up internationally for the first time. On August 25, 2025, a delegation of its executives was received in Ndjamena by the Chadian Minister of State in charge of Finance, Budget, Economy, Plan, and International Cooperation, Tahir Hamid Nguilin....

The board of directors of Chanas Assurances, a subsidiary of the National Hydrocarbons Company (SNH), announced during an extraordinary session held on August 20, 2025 in Douala, the appointment of Bibiane Francine Mbia as interim CEO. This decision comes as part of a strategic reorganization aimed at revitalizing the company, following the departure of Henri...

In the framework of its strategic plan, the Financial Market Council has engaged in enhanced collaboration with the Order of Chartered Accountants of Tunisia. The initiative aims to strengthen transparency, governance of financial institutions, and investor protection. As such, the two parties held a meeting on August 22, 2025, with a common goal: to improve...

ZB Financial Holdings has announced its intention to intensify the development of its life insurance activities in Southern Africa and beyond. This strategy is based on an already established presence in several countries, including Tanzania where the company is licensed, and in Botswana through its stake in P&C Reinsurance. Driven by its subsidiary ZB Life...

In an effort to secure a strategic investment, the Japanese giant Sumitomo Corporation has been granted a 10-year political risk insurance policy to protect its major commitment in Safaricom Telecommunications Ethiopia (STE). This project, considered the largest foreign direct investment (FDI) in Ethiopia to date, now benefits from a crucial safety net for its development....