Industry

The insurance business in Kenya is profitable, but it is not necessarily easy. Kenya represents one of Africa’s most well-developed and best-regulated insurance markets, with formidable historic growth and even better near-term prospects, but it is fragmented and competition is tough. There are increasing regulatory capital requirements on the...

Kenya is introducing a number of regulatory changes to its insurance sector, including a move towards risk-based capital, increased capital requirements, new guidelines for short-term business and takaful rules.

Kenyans have a talent for making technologies and new ways of doing business work where other markets have failed. Bancassurance – or collaboration and integration between banks and insurance companies – has been tried in many African markets. In Kenya it is increasingly central to insurance and has already driven a few high-profile takeovers...

In an attempt to offset declining revenues from hydrocarbons, recent years have seen authorities take key steps towards realising Algeria’s mining potential by enacting a new mining law and developing large-scale projects in the areas of phosphates, iron ore, base metals and gold. Up until recently, the contribution of mining to the economy...

In response to the drop in oil revenues in June 2014, Algeria’s government has stepped up the pace of economic reforms that have been rolled out over the past two years in order to encourage the development of new industrial avenues, with a clear goal of reaching 7% growth in non-hydrocarbons by 2019. As such, Algeria’s Finance Law 2016 – in...

Given the Algerian economy’s reliance on the oil and gas sector, manufacturing industries have historically taken a secondary role in the country’s economic development policies. However, since the early 2000s, industry has been the recipient of renewed interest from authorities, who have been looking to counteract rising demand for imports...