Connect with us
Anglostratits

Business

Webb Risk: Introducing the Future of Risk Management Solutions (By Bassem Chermitti)

Published

2 years ago

on

Webb Risk

The benefits of the Webb Risk integrated risk management system extend beyond simplifying the day-to-day operations of the country’s ports

The Webb Risk system uses advanced machine learning and artificial intelligence technologies to provide customs authorities with the tools they need

CAIRO, Egypt, May 8, 2024/APO Group/ — 

By Bassem Chermitti, Group Product Manager at Webb Fontaine (www.WebbFontaine.com).

Egypt’s busy ports on both the Mediterranean and Red Sea, as well as several tourist and petroleum ports, are gateways for thousands of goods entering and exiting the country daily. Once these goods arrive in port, they are subject to a series of regulations, inspections, and risk assessments, which could potentially cause significant delays. With volumes like these passing through the country’s ports every day, the result of delays caused by poor risk management processes could be disastrous.

The Egyptian government realized the need for a solution that would help both customs officials and port users navigate these complex procedures and ensure that goods reach their destination on time. The government engaged Webb Fontaine to implement a state-of-the-art integrated risk management system known as Webb Risk, along with MTS (Misr Technology Services), the organization that developed Egypt’s Nafeza Single Window System.

The Webb Risk system uses advanced machine learning and artificial intelligence technologies to provide customs authorities with the tools they need to anticipate, detect, and mitigate potential risks in trade operations. Port users are also subjected to far more streamlined processes in terms of ensuring that they have the correct documentation and permissions to bring their goods into the country, and that the relevant declarations are made.

A Multi-Faceted Approach to Risk Management

The Webb Risk system employs a multi-faceted approach to risk management, focusing on four key pillars: customs intelligence, compliance criteria, predictive analysis, and random inspections. These pillars work together to ensure that customs authorities can effectively assess and manage risks associated with trade operations.

  • Intelligence criteria is used to develop targeting rules by analysing data to identify patterns and trends associated with high-risk activities. This analysis may involve examining information collected from various sources, both internal and external, such as intelligence from national or international partners.
  • Compliance criteria plays a crucial role. With our risk profiling module, we can accurately select operators who comply with customs standards. This capability effectively manages national programs for Authorised Economic Operators (AEO). Thus, operators reaching a high level of compliance benefit from less stringent controls.
  • Predictive analysis is an essential element of the decision-making process to select high-risk shipments and enhance our solution dynamically. This method relies on historical data to anticipate potential risks. Through the use of advanced machine learning algorithms and artificial intelligence, customs authorities can identify declarations with a high level of risk, optimise resource allocation, and focus on areas where the risk of non-compliance is highest.
  • Random selection complements our approach by randomly selecting low-risk declarations for occasional surprise inspections. This practice contributes to deterring fraudulent activities and behavioural change.

Benefits for Egypt’s Trade Operations

Since its implementation, Webb Risk has already resulted in significant benefits for trade operations in Egypt.

Firstly, when it comes to improved accuracy and efficiency of risk management, the benefits have been obvious. For instance, by empowering customs officials with the tools to more effectively identify and mitigate potential risks, the fraud detection rate for the year-long period between March 2023 and the end of February 2024 is sitting at around 22%..

Secondly, the implementation of Webb Risk at Egypt’s ports has also led to reduced customs clearance times, especially for operators who have been compliant in terms of following the correct procedures and guidelines. These quicker turnaround times have helped to minimize the time it takes to get goods to market, saving money for both operators and customs authorities.

Another remarkable benefit has been the increased customs revenue that Egypt has experienced. By identifying undervalued or fraudulent goods, Webb Risk has allowed for a more accurate application of customs duties and taxes, in turn contributing to the country’s customs revenue.

Positioning Egypt as an Attractive Trade Destination

The benefits of the Webb Risk integrated risk management system extend beyond simplifying the day-to-day operations of the country’s ports. The ripple effects are felt across the entire country. When goods move through ports of entry in a swift and streamlined manner, the economy benefits from increased trade and economic growth, improved competitiveness, job and revenue creation, and infrastructure development. In turn, all of this helps to position Egypt as a more attractive destination for trade and investment, and enhance the country’s reputation as a reliable trading partner, further bolstering its standing in the global market.

From Egypt to the World

Many countries around the world are experiencing similar issues with customs-related services, and Webb Risk’s Egypt success story stands out as an example of how technology can be used to improve efficiency, increase revenue, and strengthen border security, along with many other economic and social benefits.

The demonstrated effectiveness of advanced risk management technologies such as Webb Risk has set a precedent for innovation in trade facilitation in ports all over the world, and those looking to enhance their own customs operations can look to Egypt as an example.

Distributed by APO Group on behalf of Webb Fontaine.

Related Topics:
Continue Reading
Advertisement

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

2 days ago

on

February 6, 2026

By

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

2 days ago

on

February 6, 2026

By

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

2 days ago

on

February 6, 2026

By

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending