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• Africa one of the only two regions in the world achieving growth in FDI project numbers over 2015 • Seven percent rise in FDI projects for Africa • East Africa the biggest gainer, while other key economies recover ground • US remains the leading investor into Africa
Economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to15 years. The International Monetary Fund’s (IMF) projection for 2016 is now down to 3%, from what was a forecasted 6.1% in April 2015.[1]
Africa’s largely untapped specialty lines insurance market has significant opportunities for insurers willing to enter the region. As the market develops, more difficult and unusual risks will be written.
Frontier Advisory Deloitte hosted the Africa Outlook 2016 on 21 January where they addressed the economic, governance and political prospects for Africa in 2016, to that they have recently compiled a report titled Africa Outlook 2016.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?