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Category: Business

Currency Devaluation Impacting Africa’s Reinsurance Market Growth

Currency devaluation affects reinsurance market in Africa leading to big firms losing billions of dollars. Currency instability also distresses companies importing or exporting from countries in Africa. This has become a puzzle to stakeholders in the reinsurance sector and African countries experience depreciation upon using their foreign exchange reserves to come out of the conundrum. […]

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Africa Finance Corporation (AFC) Acquires Inaugural US$300 Million Facility From Export-Import Bank of China

BEIJING, China, October 10, 2018: Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose. The facility from CEXIM […]

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Insurance Not Luxury But A Necessity For Every Nigerian – CIIN

Mr Eddie Efekoha, the President of Chartered Insurance Institute of Nigeria (CIIN), on Monday expressed happiness on ways product creation in insurance industry is having positive impacts on Nigerian lives. Efekoha told News Agency of Nigeria (NAN) in Lagos that insurance products were now having direct positive impacts on lives of average Nigerians. “There are […]

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