Author: Dominique Mabika

The Insurance and Social Welfare Control Authority (ACAPS) organized a meeting on February 3 with stakeholders in the insurance sector on the theme: “AML/CFT framework in the insurance sector: state of play and effectiveness challenges.” This initiative is part of the awareness-raising actions carried out by the regulator to strengthen the effectiveness of measures to combat money laundering and terrorism financing (AML/CFT). The meeting brought together, among others, the Moroccan Insurance Federation (FNACAM), insurance and reinsurance companies, as well as several key national institutions, including the National Financial Intelligence Authority (ANRF), the National Commission responsible for implementing United Nations sanctions…

Major natural disasters represent a growing economic risk for Tunisia, with a potential impact estimated at nearly 1.9% of the gross domestic product (GDP). This alert was raised by the Minister of Finance, Mechket Slama Khaldi, on Monday, February 2, on the sidelines of the 18th Carthage Forum on insurance and reinsurance, held in Tunis. According to the data presented, drought alone accounts for more than half of the natural disasters recorded in the country. Floods, although less frequent, account for nearly 60% of total economic losses. The most exposed sectors remain agriculture, infrastructure, and tourism, essential pillars of the…

Al Baraka Bank Egypt (SAUD), a subsidiary of the Islamic banking group Al Baraka, has announced the signing of a strategic cooperation protocol with Salama Takaful Insurance Company Egypt, an international company specializing in Sharia-compliant insurance and Takaful. This initiative aims to strengthen integration between the banking and insurance sectors by developing financial solutions in accordance with Sharia principles, in order to better serve the clients of both institutions and support their common growth plans. According to a statement released on Tuesday, February 3, the protocol is part of its overall vision to build an integrated financial ecosystem, combining banking…

The Zambian reinsurer Klapton Re is preparing to take a major step in its development with a direct listing on the Lusaka Stock Exchange (LuSE), scheduled for March 24, 2026, subject to regulatory approval. The official announcement was made on January 28, 2026, following a bell ringing ceremony preceding the IPO, in the presence of...

HAYETT Assurances is entering a new phase of its development by unveiling its new visual identity. After more than forty years of operation, the company is undergoing a strategic rebranding that marks an important turning point in its history. According to a company statement, this evolution goes beyond a simple graphic change. It reflects a new momentum given to the brand, in line with the evolution of its business, its positioning, and the growing expectations of its customers. More modern, more readable, and more assertive, this new identity aims to strengthen proximity with policyholders while highlighting the fundamental values of…

The Egyptian Financial Regulatory Authority has announced a six-month extension of the deadline granted to insurance and reinsurance companies, as well as companies specialized in damage assessment, risk evaluation, and insurance consulting, to comply with minimum capital requirements. Under this decision, insurance and reinsurance brokerage companies must raise their capital to at least 5 million...

BH Assurance announces that it closed the 2025 financial year with an improved performance. As of December 31, 2025, the company’s total turnover stood at 208.3 million dinars (approximately 1.6 million dollars), compared to 199.6 million dinars (approximately 1.54 million dollars) a year earlier, representing an annual growth of 4%, according to audited data. The...

Four years after entering the Algerian Takaful insurance market, GAM Assurances’ Takaful window is undergoing a major strategic repositioning. The insurer announces the adoption of a new commercial identity, TAKAFULIA LI TAAMINAT, symbolizing a phase of consolidation and acceleration of its development. This new brand was officially presented on January 27th in Algiers. This change comes as the Takaful insurance segment is gradually maturing in Algeria. It reflects the operator’s desire to strengthen the coherence and visibility of its offering, while supporting the rise of an insurance model based on principles of mutualization, transparency, and responsibility, in compliance with Islamic…

African Risk Capacity (ARC) has announced the launch of the very first sovereign parametric insurance policy dedicated to floods on the African continent. This innovation aims to strengthen the capacity of states to anticipate and manage the increasingly severe effects of climate change. Madagascar becomes the first African country to benefit from this new coverage,...

Pierre Goudiaby Atepa, CEO of ATEPA Group and president of the Club des Investisseurs du Sénégal (CIS), participated in the 7th edition of the Financial Afrik Awards, held on January 22 and 23, 2026 in Banjul. On this occasion, the architect and businessman answered Financial Afrik’s questions about the relevance of the theme of this edition dedicated to public-private partnerships as an alternative to public debt in Africa. He also discussed the investors’ expectations following these meetings and the possible contributions of the Club des Investisseurs du Sénégal to translate these reflections into concrete projects.

Farmer, social entrepreneur, political strategist, and author, Thione Niang took part in the 7th edition of the Financial Afrik Awards, held on January 22 and 23, 2026 in Banjul. On this occasion, he spoke with Financial Afrik about the overall narrative on Africa. The discussion focused on the impact of dominant perceptions of the continent on investment, trade, and entrepreneurship, as well as the story that Africa now intends to project to the rest of the world.

Moody’s credit rating agency has upgraded Kenya’s long-term foreign currency sovereign credit rating from “Caa1” to “B3”, stating that the country’s short-term default risk has significantly reduced. This decision was announced in a statement released on January 27, 2026. According to Moody’s, the improvement in Kenya’s external liquidity is based on several factors, including increased foreign exchange reserves, reduced current account deficit, and stabilization of the Kenyan shilling. As the largest economy in East Africa, the country led by William Ruto experienced accelerated growth in the third quarter of 2025, supported by the recovery of the construction sector and a…

Allassane Tigri, former minister and vice-president of the opposition party Les Démocrates, was placed in provisional detention on Thursday, January 29, as part of the judicial investigation into the attempted coup on December 7 against President Patrice Talon. The older brother of Lieutenant Colonel Pascal Tigri (presented by the authorities as one of the main presumed authors of this coup attempt), he was arrested for acts related to the same case. Facing the Court of Repression of Economic Crimes and Terrorism (CRIET), the former minister is charged with three counts: undermining the authority of the state, complicity in murder, and…

African Export-Import Bank (Afreximbank) has announced the granting of a $1.75 billion syndicated trade finance facility in favor of Sonangol, the Angolan national oil company, according to a statement released on January 28, 2026. Established in partnership with several financial institutions, this financing aims to cover the company’s operating and investment expenses. The operation is expected to enable Sonangol to strengthen its trade structures linked to exports, secure its operational and investment activities, and contribute to Afreximbank’s goal of increasing Africa’s share in global trade, particularly through the export of strategic raw materials. As part of this operation, Afreximbank played…

‎The President of Burkina Faso, Captain Ibrahim Traoré, presided over a cabinet meeting on Thursday, January 29, during which several major decisions for public life were made. Among these are the dissolution of political parties and formations as well as the adoption of a new national development framework called “RELANCE Plan”. ‎According to the government spokesperson, Pingdwendé Gilbert Ouédraogo, these decisions are part of the authorities’ desire to strengthen national unity and sustainably improve the living conditions of the Burkinabe population.‎‎Under the Ministry of Territorial Administration and Mobility, the cabinet adopted a decree dissolving political parties and formations in Burkina…

The Insurance and Social Welfare Supervisory Authority (ACAPS) of Morocco and the Banking and Financial Supervisory Commission (CSBF) of Madagascar signed an agreement on January 27, 2026, to formalize and strengthen their cooperation in the supervision of insurance and reinsurance activities. According to the two institutions, this agreement reflects their shared commitment to deepen their institutional relations and promote coordinated supervision, based on regular dialogue, exchange of expertise, and a better understanding of the regulatory frameworks and practices of each authority. As part of this partnership, ACAPS and CSBF plan to establish cooperation mechanisms to address shared challenges in the…

The non-life insurance company Assurances Maghrebia ended the 2025 financial year on a positive note, driven by sustained growth in its activity and key financial indicators. At the end of the year, the turnover stood at 300.6 million Tunisian dinars (approximately 105 million dollars), compared to 272 million dinars (nearly 95 million dollars) in 2024, representing an annual growth of 10.5%. This performance slightly exceeds budget forecasts, with an achievement rate of 100.9%. According to the company, this positive development is based on the strong performance of all its main business lines. In detail, the Fire and Miscellaneous Risks, Health,…

The AXIAN Group, a pan-African player in telecommunications, financial services, energy, real estate, digibank, and fintech, announced the official launch on Wednesday, January 28 in Madagascar of VIA Assurance, its new Life and Non-Life insurance company, integrated into the AXIAN Financial Services division. This launch follows the obtaining of official approval as a Life and...

The Moroccan start-up Enakl, specialized in sustainable urban mobility solutions, finalized a $2.3 million Seed round in December 2025. This operation comes after an initial $1.4 million pre-Seed funding round closed at the end of 2024, bringing the total amount of funds raised by the company to $3.7 million since its creation. This new funding round aims to support the growth of the start-up. The capital will notably be used to strengthen the sales teams, deploy the first version of Enakl’s SaaS platform for transport operators and large accounts, as well as test new ridepooling fleet models, in a progressive…

The Tanzanian Ministry of Health has announced the launch of the first phase of the national Universal Health Insurance (UHI) program, targeting vulnerable groups as a priority. According to an official statement released for this purpose, the program launched on January 26, 2026 aims to provide essential services to over 1.45 million vulnerable people, including...

Hassan Allam Holding, a major Egyptian player in the engineering, construction, investment, and development sectors, has obtained a $25 million financing from the European Bank for Reconstruction and Development (EBRD). This funding aims to modernize the equipment and machinery of its subsidiary Hassan Allam Construction and strengthen its operational capacities in the local market. Approved last December and currently in the disbursement phase, the project supports the company’s growth while reducing the carbon footprint of its activities, thanks to the adoption of electric equipment to replace diesel machines. According to the EBRD, this financing provides dual added value: it offers…

Guinea Insurance Plc has submitted a request for approval and listing to the Nigerian Exchange Limited (NGX) for a capital increase project through rights issue, totaling 5.8 billion nairas (around $4 million). This initiative is aimed at strengthening its capital base to meet the increased regulatory requirements of the insurance sector in Nigeria. According to...

Briter Intelligence, a research and data analysis company, released its “Africa Investment Report 2025” on January 20, 2026, providing an in-depth analysis of venture capital funding, sector dynamics, and investor behavior across the continent. In 2025, the total funding reported for African companies amounted to $3.8 billion, a 32% increase from the previous year, with...

Wave, a player in financial inclusion in Africa, officially launched its virtual payment card integrated into the Wave application on Friday, January 23 in Dakar. Developed in partnership with Visa and Ecobank Senegal, this new solution aims to expand access to digital payments and strengthen financial inclusion in Senegal, as well as across the African continent.

Wave, a player in financial inclusion in Africa, officially launched on Friday, January 23 in Dakar its virtual payment card integrated into the Wave application, in partnership with Visa and Ecobank Senegal. This initiative is part of the common ambition of the three partners to democratize access to digital payments and strengthen financial inclusion in...

The Tunisian Insurance and Reinsurance Company (STAR) closed the year 2025 on a generally positive note, marked by an increase in its commercial activity. At the end of the fourth quarter of 2025, the public insurer recorded issued premiums of 483.985 million dinars (approximately 160 million dollars), up 12.2% compared to the same period in...

The insurance sector in Uganda is expected to maintain its growth momentum in 2026, driven by increased public awareness and strengthened policyholder confidence, according to the Insurance Regulatory Authority (IRA). In the first nine months of 2025, the sector’s total revenue increased by 13% to around 1,570 billion UGX (approximately $454 million), compared to 1,390...

The National Social Security Fund (CNAS) announced on Wednesday, January 21, the official launch of an electronic card dedicated to access to medication for the poor and those without social coverage. This initiative represents a step forward in strengthening the social protection system in Algeria. This card is aimed at a specific category of citizens:...

The Italian energy group Eni announced on Thursday, January 22, the signing of an agreement with SOCAR, the national oil company of the Republic of Azerbaijan, for the sale of a 10% stake in the offshore Baleine project off the coast of Ivory Coast. This operation is part of Eni’s upstream portfolio optimization strategy, aiming...

Attijari Bank has released its activity indicators for the year 2025, showing a generally moderate increase in its main aggregates. According to data released on January 21, the Net Banking Income (NBI) of the bank amounted to 709.5 million Tunisian dinars (234 million dollars), marking a slight increase of 0.2% compared to the end of...