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Africa’s Insurance Leaders Shape a Resilient Future at the 10th Continental Reinsurance CEO Summit in Cape Town

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Reinsurance CEO Summit

Held under the theme “Africa in Action,” the two-day Summit convened over 100 insurance executives, regulators, and thought leaders from across the continent

CAPE TOWN, South Africa, April 30, 2025/APO Group/ –The 10th edition of the Continental Reinsurance CEO Summit (www.Continental-Re.com) concluded in Cape Town with a powerful call to action for African insurance leaders: embrace innovation, cultivate adaptive leadership, and drive regional collaboration to future-proof the industry.

Held under the theme “Africa in Action,” the two-day Summit convened over 100 insurance executives, regulators, and thought leaders from across the continent for strategic dialogue and forward-looking reflection. This year’s gathering also marked a significant milestone — Continental Reinsurance’s 40th anniversary — celebrating four decades of commitment to risk management, capacity development, and pan-African resilience.

In his opening remarks, Lawrence Nazare, Group CEO of Continental Reinsurance Holdings, highlighted the urgent need for inclusive partnerships and agile leadership in navigating today’s socio-political and environmental volatility.

“Leadership in African insurance requires partnership. We must define guidelines that enable us to cope with the various changes taking place in our societies,” he said, urging the industry to turn challenges into collective opportunity.

A key focus of the Summit was the transformational potential of artificial intelligence (AI). William Mzimba, former CEO of Accenture and Vodacom, demonstrated how AI can accelerate product design by creating a tailored construction insurance solution for Nigeria in under five minutes. He cautioned, however, that the goal should be collaboration between humans and machines, not replacement. “We need to build a workforce that combines human empathy with AI-driven efficiency,” Mzimba emphasized.

A real-time poll at the Summit revealed that 61% of CEOs were open to using AI in underwriting, though 41% had not yet implemented it, reflecting both optimism and a measured pace of adoption.

Regulators from Kenya, Nigeria, Uganda, and Zimbabwe echoed the call for innovation. Godfrey Kiptum, Commissioner of Insurance (Kenya), stressed the importance of inclusive innovation to avoid deepening the digital divide. Nigeria’s Olusegun Omosehin called for agility in the face of geopolitical disruptions, while Uganda’s Alhaj Kaddunabbi Ibrahim Lubega and Zimbabwe’s Dr. Grace Muradzikwa emphasized climate-responsive regulation and harmonized standards across African markets.

Nyimpini Mabunda, former CEO of General Electric Africa, urged CEOs to evolve beyond conventional leadership models. “The traditional CEO playbook is outdated. Innovation isn’t a department—it’s a culture,” he said, advocating for purpose-driven leadership grounded in African realities.

Another key session addressed the transition to risk-based capital (RBC) frameworks. Led by David Kirk, MD of Milliman Africa, with inputs from Jooste Steynberg of the South African Reserve Bank and Cedric Maxwell, Group Chief Risk Officer at Continental Re, the panel underscored the need for a phased, pragmatic approach to RBC compliance that safeguards both growth and policyholder protection.

As the Summit wrapped up, the message was clear: Adapt. Collaborate. Lead. The African insurance industry must position itself not only as a stabilizer but as a catalyst for the continent’s digital and economic evolution.

We must define guidelines that enable us to cope with the various changes taking place in our societies

Journalists Honoured for Excellence in Re/Insurance Reporting

The Summit also served as the backdrop for the 10th edition of the Pan-African Re/Insurance Journalism Awards, which celebrated journalistic excellence in insurance reporting across the continent.

This year’s competition saw a record 150+ entries from 19 African countries, a 29% increase from the previous year, reflecting growing interest and depth in re/insurance storytelling across Anglophone, Francophone, and Arabic media.

Patrick Alushula of Nation Media Group (Kenya) was named overall winner and clinched the English Print category for his comprehensive article on cybercrime risks in Kenya and the rising adoption of cyber insurance. His work was lauded for its clarity, depth, and contribution to public understanding of cybersecurity and risk management.

Commenting on the Awards, Lawrence Nazare stated:
“The 2025 awards mark a decade of celebrating journalistic talent and excellence within the re/insurance industry. This milestone reinforces our commitment to quality reporting and to elevating the understanding of insurance across the continent.”

Winners by Category:

English Broadcast
• Winner: Blessing Ifechukwude – Voice of Nigeria (Nigeria)
• 1st Runner-Up: Destiny Onyemihia – Voice of Nigeria (Nigeria)
• 2nd Runner-Up: Ridwan Karim Dini-Osman – EIB Network (Ghana)

English Print
• Winner: Patrick Alushula – Nation Media Group (Kenya)
• 1st Runner-Up: Isaac Khisa – The Independent (Uganda)
• 2nd Runner-Up: Nanjinia Wamuswa – The Standard Group (Kenya)

English Online
• Winner: Okello Jesus Ojala – TND News (Uganda)
• 1st Runner-Up: Nelson Mandela Muhoozi – New Vision (Uganda)
• 2nd Runner-Up: Etornam Agbemor – Pent Media Centre (Ghana)

French (Broadcast/Print/Online)
• Winner: RABO Oumarou – Les Editions Sidwaya (Burkina Faso)
• 1st Runner-Up: Ghassan Waïl El Karmouni – Medias24 (Morocco)
• 2nd Runner-Up: Bahwa Ferdinand – Le Journal.Africa (Burundi)

Arabic (Broadcast/Print/Online)
• Winner: Eslam Sherif – Almal (Egypt)
• 1st Runner-Up: Ibraheem Issa – Almal (Egypt)
• 2nd Runner-Up: Mohamed Azab Tawfik – Alborsa Newspaper (Egypt)

Dr. Femi Oyetunji Future Talent Award
• Winner: Ayele Addis Ambelu – Africa News Channel (Ethiopia)
His piece traced the evolution of Ethiopia’s insurance industry from 1905 to the present, offering a thoughtful analysis of its modern-day challenges.

Distributed by APO Group on behalf of Continental Reinsurance

Business

Port Community Systems (PCS) as the crisis backbone: how trade disruption makes digital port infrastructure non-negotiable (By Alioune Ciss)

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Port Community Systems

With PCS, ports can dynamically allocate resources, adjust workflows, and reprioritize cargo flows using real-time data and coordinated processes

DUBAI, United Arab Emirates, May 19, 2026/APO Group/ —By Alioune Ciss, Chief Executive Officer, Webb Fontaine (https://WebbFontaine.com).

When global trade flows normally, Port Community Systems (PCS) are often viewed as efficiency tools. They digitize paperwork, connect stakeholders, reduce delays, and improve visibility across port ecosystems. However, the true impact and strategic importance of PCS become most apparent when a crisis hits.

Whether caused by geopolitical conflict, canal restrictions, rerouted shipping lanes, cyber risk, labor disruption, or sudden regulatory shifts, modern supply chain shocks remind us that ports without strong digital coordination struggle to adapt, whereas ports with robust PCS infrastructure are better positioned to keep cargo moving. In today’s environment, PCS has become a critical infrastructure.

Disruption is not an exception anymore

Global maritime trade has entered a more volatile era where disruption is structural. Let’s review the recent events to understand the scale of impact:

  • Around 2,000 ships were reportedly stranded during the recent Strait of Hormuz (https://apo-opa.co/4dii0lb) crisis.
  • The Red Sea crisis (https://apo-opa.co/4dz5gFA) led to more than 190 attacks on vessels by late 2024, forcing widespread rerouting and increasing transit times by up to two weeks.
  • The Suez-linked corridor (https://apo-opa.co/4dz5gFA), which carries roughly 10–12% of global maritime trade, experienced sharp volume declines during the disruption.
  • Supply chains across the Middle East, Africa, and Europe faced cascading effects, including congestion, cost increases, and schedule instability.

At the same time, the global port industry itself is undergoing rapid transformation. According to the International Association of Ports and Harbors (IAPH), ports are accelerating digitalization and strengthening resilience capabilities in response to geopolitical and operational uncertainty. This is the new reality: routes shift, volumes spike, and conditions change faster than traditional systems can handle.

Why PCS matters most during a crisis

When vessel schedules collapse, or cargo volumes suddenly spike, physical infrastructure alone is not enough. Cranes, berths, gates and yards also need coordination. That is where PCS becomes the backbone of resilience.

A PCS is not just a digital tool; rather, it’s a shared operational layer. It connects shipping lines, terminals, customs, freight forwarders, transport operators, and authorities through a single data environment, enabling synchronized decision-making across the ecosystem.

Instead of exchanges through emails, phone calls, Excel files, or siloed systems that generate delays and errors, the PCS enables seamless and real-time coordination.

1. Real-time visibility across the ecosystem

When vessels are delayed or rerouted, fragmented communication becomes a liability.

PCS enables real-time visibility across:

  • vessel arrivals and berth planning
  • cargo status and documentation
  • customs readiness and inspections
  • gate operations and inland logistics

Instead of fragmented updates, stakeholders operate from a shared, trusted data environment.

When shipping lanes shift overnight, policies change, and when uncertainty increases, the strongest ports are the ones that are the most ‘connected’

In a crisis, the speed of information becomes the speed of recovery.

2. Faster decision-making under pressure

Sudden disruptions create immediate operational stress:

  • surges in transshipment volumes
  • yard congestion risks
  • inspection bottlenecks
  • inland transport delays

Without digital coordination, responses are reactive and slow.

With PCS, ports can dynamically allocate resources, adjust workflows, and reprioritize cargo flows using real-time data and coordinated processes.

3. Customs and border continuity

Cargo cannot move if border agencies cannot move.

According to joint guidance from the World Customs Organization (WCO) and International Association of Ports and Harbors (IAPH), interoperability between Customs systems and PCS is essential for coordinated border management, risk control, and secure data exchange (https://apo-opa.co/3PLcs9P).

In crisis conditions, this becomes critical. Governments must introduce new controls, risk filters, or emergency procedures quickly, without disrupting trade flows. PCS enables this  balance.

4. Trust and transparency for the market

Importers, exporters, and carriers can tolerate disruption more than uncertainty. What they need is visibility.

PCS provides transparency across the supply chain, allowing stakeholders to track cargo status, anticipate delays, and plan accordingly. This transparency builds trust and reduces the systemic risk of panic-driven inefficiencies.

Operational resilience is the key

As we all know, the classic PCS discussions focus on key KPIs such as:

  • reduced turnaround time
  • fewer documents
  • lower administrative cost
  • faster truck processing

But today, the most important KPI is “readiness”: If a major trade corridor shifts tomorrow, can your port ecosystem adapt in real time?

To answer “Yes” to this question, a future-ready PCS should include:

  • real-time event management
  • integrated stakeholder communication
  • predictive congestion alerts
  • interoperability with customs and regulatory systems
  • scalable architecture for demand spikes

“For years, ‘efficiency’ was key when it comes to PCS. However, today, the key is ‘resilience’… When shipping lanes shift overnight, policies change, and when uncertainty increases, the strongest ports are the ones that are the most ‘connected’… Therefore, we should treat PCS as a crisis backbone of trade, not an IT efficiency initiative.
[Alioune Ciss, CEO, Webb Fontaine]

The Next Evolution: Intelligent PCS

PCS is now entering a new phase. Next-generation systems are evolving into data-driven platforms that support predictive analytics, AI-enabled decision-making, and proactive risk management (https://apo-opa.co/4eQ93Rg).

In other words, today, ports need systems that help orchestrate responses. Solutions such as Webb Ports (https://apo-opa.co/42F3gqq) from Webb Fontaine reflect this shift. By connecting all port stakeholders through a unified platform, anticipating congestion before it happens, simulating operational scenarios, and optimizing resource allocation dynamically, we enable faster coordination, better visibility and more agile responses when disruptions occur.

Distributed by APO Group on behalf of Webb Fontaine.

 

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Energy

Rand Refinery Joins African Mining Week (AMW) as Silver Sponsor Amid Regional Market Expansion Strategy

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Energy Capital

African Mining Week 2026 will showcase lucrative investment, partnership, and knowledge-exchange opportunities across Africa’s gold downstream sector, as Rand Refinery intensifies its investment and expansion strategy across the continent

CAPE TOWN, South Africa, May 19, 2026/APO Group/ –Amid a strategy to expand from a South Africa-focused refiner into a pan-African downstream leader, Rand Refinery has joined African Mining Week (AMW), an Influential African Mining Conference, scheduled for October 14-16, 2026 in Cape Town, as a silver sponsor.

Rand Refinery’s participation reflects a broader strategic alignment between the company’s expansion agenda and AMW’s focus on supporting and enabling local beneficiation and promoting artisanal and small-scale mining (ASM) responsible sourcing frameworks.

 

In terms of volumes, the latest market information indicates that Africa produces 1000tpa of mined gold (more than any other continent), with large-scale mining (LSM) and ASM being almost evenly balanced (500tpa production each). On its current trajectory, African ASM volumes are expected to eclipse those of LSM.

 

The focus on ASM as a transformational imperative is valid, and Rand Refinery is an active participant in the precious metals supply chain, working alongside other upstream and downstream actors to ensure that the communities and countries with gold resources benefit in a sustainable manner.

 

Under the theme Mining the Future: Unearthing Africa’s Full Mineral Value Chain, AMW 2026 offers a critical interface between refiners, miners, regulators, and financial institutions, as African countries intensify efforts to capture more value from responsible mineral production.

 

A key pillar of Rand Refinery’s 2026 strategy is its expansion into high-growth gold markets beyond South Africa. In January 2026, the company partnered with Ghana’s Gold Coast Refinery (GCR) to support the Ghana Gold Board to locally refine artisanal and small-scale (ASM) gold and elevate responsible sourcing standards in West Africa. The partnership also positions Rand Refinery in a rapidly growing and historically fragmented supply segment: ASM operations, enabling the company to enhance traceability and strengthen compliance with global standards for ethical sourcing and anti-money laundering.

 

The partnership potentially allows the monetization of ASM supply streams in the formal gold ecosystem, complementing Rand Refinery’s established role in refining output from responsible large-scale producers. AMW 2026 represents a timely platform for the company to provide an update on its projects and contribution to Africa’s gold sector.

 

As demand for regional refining capacity expands, along with central bank buying programs, companies such as Rand Refinery will be crucial.

 

Central bank gold purchases are projected to average around 585 tons per quarter in 2026, underscoring sustained global demand. In Africa, gold now accounts for approximately 17% of total reserves – up from less than 10% in 2022–2023 – while physical holdings increased from 663 tons in 2022 to an estimated 738 tons in 2025.

 

This upward trajectory is driving demand for trusted refining and value addition services, positioning Rand Refinery as a key partner in the region. Against this backdrop, AMW provides a strategic platform for central banks and gold buyers to engage directly with one of the world’s largest integrated single-site precious metals refining and smelting complexes and strengthen regional beneficiation and national reserve strategies.

 

At AMW, Rand Refinery executives will participate in panel discussions and networking sessions, engaging stakeholders on partnership opportunities that support a more integrated, transparent and value-driven African gold ecosystem.

Distributed by APO Group on behalf of Energy Capital & Power.

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Business

Applications open for the 2027 Meltwater Entrepreneurial School of Technology (MEST) Africa AI Startup Program

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Meltwater

Join a global community of AI entrepreneurs

ACCRA, Ghana, May 19, 2026/APO Group/ –The Meltwater Entrepreneurial School of Technology (MEST) (https://Meltwater.org), has opened applications for the second edition of the MEST AI Startup Program, a fully-funded, immersive experience designed to equip Africa’s most promising AI entrepreneurs with the technical, business, product, and leadership skills to build and scale globally competitive AI startups.

Over a seven-month training phase, the MEST AI Startup program will provide founders with hands-on instruction, technical mentorship, and business coaching from global experts to develop AI-powered solutions. The top startups will then advance to a four-month incubation period to refine products, sharpen go-to-market strategies, and secure market traction. At the end of incubation, startups have the opportunity to pitch for pre-seed investment of up to $100,000 and join the MEST Portfolio.

We are excited to support the next generation of African AI founders through training delivered by some of the most knowledgeable experts in the industry

The inaugural cohort brought together founders from seven African countries who are already building transformative AI solutions across industries. Building on the momentum of the first edition, the 2027 intake reflects MEST Africa’s continued commitment to ensuring African entrepreneurs play a defining role in the future of artificial intelligence.

According to Emily Fiagbedzi, AI Startup Program Director, the urgency of investing in African AI talent has never been greater.

“AI technology is advancing at an extraordinary pace, and meaningful participation in the global AI economy requires more than access to tools, it requires the ability to build,” she said. “This program is designed to help talented African founders develop solutions to real challenges while positioning them to compete globally. We are excited to support the next generation of African AI founders through training delivered by some of the most knowledgeable experts in the industry from organizations including OpenAI, Perplexity, Google, and Meltwater”

For the 2027 intake, the program is open to African founders based in Ghana, Nigeria, Senegal, and Kenya aged 21–35 with software development experience who want to start their own AI startup.

Apply now at https://apo-opa.co/3ReIQSI

Distributed by APO Group on behalf of The Meltwater Entrepreneurial School of Technology (MEST Africa).

 

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