East Africa News

Allianz Launches Subsidiary in Kenya

Allianz has taken a further step in its growth strategy in Africa by launching operations in Kenya. In addition to Kenya, Allianz Africa operates in 11 other countries: Benin, Burkina Faso, Cameroon, Central Africa, Ivory Coast, Ghana, Madagascar, Mali, Republic …

2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report

According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend. Of the 439 attacks reported to …

Aon Report Concludes Piracy Threat Spreading to East Africa Coast

Aon Risk Solutions, the risk management business of Aon Corp., has issued its first in depth report analyzing the threat posed by pirates. It points out that with the end of the monsoon season pirate activity usually increases. It also …

LeapFrog Invests $14M in African Group Apollo for Microinsurance

LeapFrog Investments has invested $14 million in East African insurance group Apollo Investment Ltd., which it says is the largest deal in the history of microinsurance in Africa. LeapFrog’s $135 million fund invests in companies providing insurance to under-served people …