All Posts in "Day: August 27, 2021"

7th edition of African Insurance Awards deadline Oct 1

By Favour Nnabugwu

 

African Reinsurance Corporation, Africa Re is organising the 7th edition of African Insurance Award

The nominations for the Award began on August 20, 2021 to to end on October 1, 2021 is a virtual Award ceremony will be announced in the Q4 2021.

Africa Re initiated these awards to foster best corporate management, leadership, governance as well as innovative and sustainable growth in the insurance sector in Africa.

The African Insurance Awards aim at: rewarding and celebrating leaders, best performers and achievers in the African insurance industry; identifying and stimulating distinctive innovations in the insurance sector in Africa; encouraging sustainable growth in insurance premium combined with business profitability; and providing added value by sharing progress and best practices in the development of insurance in Africa.

The awards, which started in 2015, target a range of participants, including African insurance companies and African insurance CEOs.

The key objective is to promote the development of insurance in Africa by honouring distinguished companies and leaders that have exceptionally raised standards of competence and achievement and demonstrated unprecedented leadership.

Patoma Admin by — August 27, 2021 in Insurance 0
48 African countries,10 overseas nations, top govt officials ready for 47th AIO on Sept 4

By Favour Nnabugwu
With 354 members from 48 African countries and 16 members from 10 overseas countries and top government officials from Nigeria and others are set for the 47th African Insurance Organisation (AIO) conference and general assembly holding in Lagos six days from today.
The theme of 47th general assembly billed to hold from September 4 – 8, 2021 is: “Rebuilding Africa’s economy – The insurance perspective.” 
The theme paper will look at broader issues of how insurance can contribute to and benefit from the efforts at rebuilding the African economy post COVID. It is hope and indeed expectation that participants will find the presentations enriching and derive value from attending the conference.
Nigeria’s Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr Sunday Thomas had worked trelessly liaising with various ministries and agencies to ensure full support from the federal government and also the Honourable Minister of Finance, Budget and National Planning .
 
Thomas who believes that whatever is worth doing at all, is worth doing well, will not only bring top government officials to grace the event but garnered the required support from them to boost the industry at large.
The AIO conference LOC Chairman, Mrs. Ebelechukwu Nwachukwu stated, “hosting this conference is significant to us in more ways than one.
“Apart from the opportunity to showcase our rich culture and hospitality, it will also be a great opportunity to correct some of the misconceptions about Nigeria and her people.
“We have the opportunity to showcase Nigerian hospitality; we will have the opportunity to showcase the Nigerian rich cultural heritage; We have plans to take the delegates around Lagos and other places of interest where they can purchase items of interest such as artefacts and other made in Nigeria items; Hotels business will receive a boost as delegates are expected to stay in hotels during the conference.
“All these are going to contribute to economic activities in the country and for the fact that we are hosting at all, is really going to add value to our industry and gives us the opportunity to showcase that insurance is strong enough to support the economy.
AIO is a non-governmental organisation recognised by many African governments, including Cameroon which has signed a headquarters agreement with it and where it has set up its permanent secretariat.
AIO was established in 1972. The body has four categories of members comprising Insurance Industry; Regulatory/Supervisory authorities; Training Centers and National and Regional Associations.
The main objectives of AIO are the promotion of inter-African co-operation and development of a healthy insurance and reinsurance industry in Africa.More over, AIO organises the annual Conference and General Assembly, the annual African Reinsurance Forum as well as various meetings, seminars and workshops. However, the body rotates its events especially conference and seminars round its member countries depending on individual countries preparedness and readiness to host the AIO events.
Patoma Admin by — August 27, 2021 in Insurance 0
South African Airways return to the skies September 23

By admin

 

After almost a year with no flights and mothballed operations, South African Airways is ready to take off again. The airline has confirmed that it will resume flights on September 23rd, with bookings and travel credit redemptions open from September 6th.

SAA is back

The wait is finally over! South African Airways has announced a return to operations, with its first flights planned for September 23rd. Initial flights will connect Johannesburg and Cape Town with several other African countries, and will be open for bookings from September 6th.

The last 12 months have not been kind to South African Airways, as the airline went into the pandemic crisis already in a precarious financial position. The airline had been placed into administration in December 2019, and COVID only added to its woes. With the situation getting worse, the entire business was mothballed in September last year, and no flights have taken off since.

The airline exited business rescue at the end of April, with the groundwork laid for a return to operations. With the airline solvent and control handed back to the board and executive team, it was only a matter of time before the green light was given for a relaunch.

The airline says its initial flights will operate from Johannesburg to Cape Town, Accra, Kinshasa, Harare, Lusaka, and Maputo. It plans to restart more routes and expand its network as market conditions improve. Kgokolo added,

Everything falling into place

Since exiting business rescue, SAA’s team has been hard at work getting the airline ready to restart operations. Earlier this month, the airline reported having secured its Air Operator’s Certificate (AOC) for both domestic and international flights, as reported in ch-aviation.com.

South African Airways Confirms Its Return To The Skies Next Month

Patoma Admin by — August 27, 2021 in Aviation 0