Daily Archives: December 21, 2015
For the first time, an alliance of Heads of State from France, Germany, Mexico, Chile, Ethiopia and Canada have joined hands to urge countries and companies around the globe to put a price on carbon pollution. Speaking before more than 500 people at the climate talks, the leaders of six countries stood on stage calling for global support.
2015 Global Automobile Sales Surpasses 89 Million Dollars In Revenue
Tis the season to be jolly, merry and more importantly spend time with family and loved ones. In Mauritius, the streets from the capital city to every single town around the island are lined with merry street vendors and even merrier shoppers all with the purpose to enjoy this wonderful time of the year and all with the intention of preparing for the inevitable visit the man in red will hopefully pay to every household. By man in red, please understand I am talking about Santa Claus and not Navin Ramgoolam. Although this week, we could be mistaken for thinking he is in fact our very own Father Christmas.
LONDON, 17 December 2015—A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Kenya Reinsurance Corporation Limited (Kenya Re) (Kenya). The outlook for both ratings is stable.
With a high unemployment rate, Africa is sitting on a largely untapped pool of resources that has the potential to drive economic growth. The problem, says Pitso Kekana, Head of Public Affairs and Corporate Citizenship for Samsung Africa RHQ (Samsung.com/za/home), lies in both the lack of relevant skills and the availability of existing jobs for an ever-growing working-age population.
WAPIC attendance grows by 37% as West African power sector looks to the future with growing confidence
“WAPIC was the place to do business”
International Forum on Islamic Finance (IFIF 2016) is the largest gathering of key African and international leaders in Islamic finance
The biggest mining, industrial, machine tools, electrical and power trade show in Southern Africa and ranked as one of the world’s largest mining shows, Electra Mining Africa will be taking place from 12-16 September 2016 at the Expo Centre in Johannesburg, South Africa.
Global gray cement prices fell 11+ percent year-on-year, according to preliminary figures presented in the CW Research’s 3/4Q2015 update to its benchmark price assessment for monthly worldwide trade of gray cement, white cement, clinker, and slag, as well as ex-works and effective market prices: Global Cement Trade Price Report (GCTPR).
Global Reinsurance Outlook Maintained at Negative—Redundant Reserves, Benign Catastrophes Mask Reality
A.M. Best is holding its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into negative rating pressures.