Walmart makes African debut with South African store launch
Walmart makes African debut with South African store launch
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African
Disasters Damage $12.7 Billion of African Infrastructure a Year
The average annual loss of infrastructure including buildings caused by disasters in Africa is $12.7 billion, according to the Coalition for Disaster Resilient Infrastructure. Of the damage 70% is caused by floods followed by earthquakes at about 28%, which are less frequent but more catastrophic, the group said in a report on Monday. The CDRI
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Kenya’s Britam Seeks More African Expansion After Imminent Congo Entry
Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will mostly focus on acquisitions rather than greenfield operations, Chief Executive Officer Tom Gitogo said Friday. The insurer also intends to
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