La pandémie a créé un besoin urgent de plus de capital patient en Afrique. Les gouvernements de tout le continent étant confrontés à des contraintes budgétaires tout en reconnaissant l'importance des investissements dans les infrastructures et les services essentiels, le PE et le VC offrent une voie intéressante pour le soutien financier. La pandémie a également accéléré la numérisation…
On fuelling economic growth in Africa through insurance penetration In what ways did the Covid-19 pandemic impact the insurance sector in Africa? FARID CHEDID: Government measures to reduce the spread of Covid-19 such as national lockdowns have translated into slow economic growth, and in some cases recession. The performance of the insurance sector is traditionally closely linked to that of the…
The pandemic has created an urgent need for more patient capital in Africa. With governments across the continent facing budgetary constraints while recognising the importance of investment in essential infrastructure and services, private equity (PE) and venture capital (VC) offer an attractive avenue for financial support. Covid-19 has also accelerated digitalisation in key African markets, which…
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-transforming innovation, which could provide a major boost to industries…
The Dar es Salaam Stock Exchange (DSE) has evolved impressively since its establishment in 1996, and its recent demutualisation has ushered in a new phase of market development. Updated regulations, products and infrastructure are under way as exchange authorities position the DSE to attract much-needed liquidity. The listing of telecoms and mining companies – the result of new legal requirements…
While Tanzania’s insurance premiums have increased over the past year, elevated competition has affected underwriting profits. Larger players may welcome an agenda of wholesale regulatory reform as a basis for more sustainable growth, but many insurers with lower levels of capitalisation face an uncertain period, as legislation is given an overhaul and more stringent requirements are established.…
Viewpoint:Baghayo Abdallah Saqware, Commissioner, Tanzania Insurance Regulatory Authority (TIRA) There are currently 31 insurance companies in Tanzania, and as the regulator of the sector we do not necessarily see the need for consolidation. Insurance companies have expressed, however, that there are significant barriers to consolidation, including the application of the 18% value-added tax…
Viewpoint:Moremi Marwa, CEO, Dar es Salaam Stock Exchange (DSE) In the past five years the DSE has made significant progress in its role of facilitating the financing of Tanzania’s economic development. This can be evidenced by the increase in depth, liquidity, number of investors and number of listed companies. The DSE has transformed into a commercial entity that pays dividends to over 3000…
Interview:Ineke Bussemaker, CEO and Managing Director, NMB Bank How are commercial lenders working with the central bank to increase private sector credit? INEKE BUSSEMAKER: Even without the direct influence of the central bank, there are incentives for commercial banks to increase their number of loans to the private sector. Granted, this is done within the parameters established by the central…
Interview:Benno Ndulu, Former Governor, Bank of Tanzania (BoT) What policy reforms will keep inflation within the target band for the next 12 months? BENNO NDULU: Within the medium term, we expect inflation to stay in our target range of 5%, which is currently below the advisory threshold. However, core inflation, which is adjusted for the movement of food and fuel prices, has averaged 2-3%…
