The African Export-Import Bank (Afreximbank) says it has launched AfrexInsure, a wholly-owned insurance management services subsidiary.
In a statement on Sunday, the bank said AfrexInsure would provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.
“With credible knowledge of Africa, AfrexInsure will leverage its risk expertise by using its continent-wide presence and deep understanding of the African market to provide solutions around cargo handling, construction, operations, and energy — sectors critical for the growth and establishment of trade and investment intercontinentally.
He said reducing the risk of transactions or investments, insurance could help drive forward business strategy for those engaged in intra-African trade.The board chair added that the new subsidiary would support businesses in Afreximbank member countries “to mitigate the problem of Africa having to rely on external partners to architect the continent’s economic resilience and development”.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine war: African leaders meet with Putin, Zelensky to ‘seek road to peace’ | TheCableAfrican leaders have met with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky, to discuss a way to end the 16-months long war. South African President Cyril Ramaphosa had
Read more »
Report: Nollywood films dominating Anglophone West African cinemas since 2019 - TheCable LifestyleA report by FilmOne, the entertainment company, showed that Nollywood films have been dominating cinemas in Anglophone West African countrie
Read more »
Kenya Professor, Lumumba Faults African Leaders' Silence On Poland’s Humiliation Of Top Delegation En Route Russia | Sahara ReportersA Kenyan law Professor, Patrick L. O. Lumumba, has faulted the African Union and African governments for keeping silent over the reported humiliation of some African presidents by Poland on their way to Russia. SaharaReporters had reported how Poland on Friday stopped the delegation of security officials, diplomats and journalists accompanying the South African president on their peacekeeping mission to Russia and Ukraine.
Read more »
EXTRA: Releasing Nnamdi Kanu tantamount to rewarding criminality, says Asari Dokubo | TheCableAsari Dokubo, leader of the Niger Delta Peoples Salvation Force (NDPSF), has appealed to the federal government not to release Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB).
Read more »
Why Bill Gates is visiting Nigeria next week | TheCableBill Gates, co-chair of the Bill and Melinda Gates Foundation, will visit Nigeria on Wednesday.
Read more »
NPC: How we spent N200bn in eight years preparing for census | TheCableThe National Population Commission (NPC) says it spent N200 billion in eight years preparing for the planned national census.
Read more »