The Editorial Team |

Digitisation: Six Key Trends Disrupting the Insurance Sector

LAGOS (Capital Markets in Africa) – As exponential, digital-driven technologies transform the 4th Industrial Revolution from a buzzword into reality, the financial services sector – and insurance in particular – face massive disruption, it starts with a radical reimagining of the very model insurance has been built on since its origins in the 14th Century, and Africa is no exception. Several trends are emerging on the continent that pose a significant threat to the business…

Are Financial Services Embracing Analytics and Artificial Intelligent?

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LAGOS (Capital Markets in Africa) – If there’s one industry that’s been through the mill over the past few years, it’s the financial services industry. Plagued by unparalleled levels of change in terms of business processes, regulations and customer expectations and facing new digital threats all while still reeling from the 2008 global economic crisis, the sector has proven itself to be resilient. Though the outlook for the industry is looking to be more positive,…

Open Banking and APIs: Emerging Opportunity in Africa

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LAGOS (Capital Markets in Africa) – The terms Open and Africa has never been considered synonymous. With a linguistic diversity of almost 2000 languages, 3000 plus cultural identities and 55 currencies it is hard to image ever establishing an Open architecture on the second largest continent. However, Africa is known for leap-frogging technology. We see solar cities being built instead of laying new power grids, rapid adoption of cellphones instead of landlines and gleaning first…

IMF Demand at Root of Ghana’s Cedi Slump, Deputy Leader Says

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ACCRA (Capital Markets in Africa) – Ghana’s central bank was unable to support the weakening cedi because the country had to build reserves to meet the requirements of its bailout program with the International Monetary Fund, Vice President Mahamudu Bawumia said. The currency of West Africa’s second-biggest economy collapsed as much as 16 percent against the dollar this year after offshore holders of domestic debt failed to roll back their maturing investments. The cedi pared its year-to-date losses…

Oil in Longest Run of Weekly Gains Since 2017 on Tight Supply

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LAGOS (Capital Markets in Africa) – Oil in New York headed for the longest weekly winning streak since November 2017 as crises from Venezuela to Libya threatened supplies, while optimism over U.S.-China trade talks buoyed the outlook for demand. West Texas Intermediate futures were little changed, poised for a fifth weekly increase. OPEC cut production for a fourth month in March, while supply risks are mounting in member nations exempt from the strategy. Power failures that plagued Venezuela…

Macron Creates Group to Study French Role in Rwandan Genocide

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KIGALI (Capital Markets in Africa) – French President Emmanuel Macron established a group of researchers to investigate what role France may have played in the Rwandan genocide a quarter of a century ago. Macron made the announcement in Paris after meeting an association of survivors of the mass killings, in which at least 800,000 people died. The nine-person team of The French military advised Rwanda’s ethnic Hutu-dominated government in the early 1990s as it fought a war…

Max Disaster Pits Boeing Against Ethiopia’s Prized Carrier

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ACCRA (Capital Markets in Africa) – African air disasters always used to lead to the same conclusion — with the airline blamed for poor maintenance, ancient planes or poorly trained pilots, and often a combination of all three. But when an Ethiopian Airlines Boeing Co. 737 crashed near Addis Ababa last month, a curious thing happened: Industry experts immediately began to question the safety not of the carrier, but the plane itself. The focus on Boeing’s new Max…

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