02.08.2013 Australia plan to tax bank deposits +++ 02.08.2013 Altech's expensive expansion to Africa lessons +++ 02.08.2013 Liberty takes hands-on approach in Nigeria +++ 02.08.2013 Maputo is beeming with car exports +++ 02.08.2013 Fitch affirms South African banks +++ 02.08.2013 Shell profits plunge on US shale write-down, Nigeria +++ 02.08.2013 No blind dates for communications in Africa +++ 02.08.2013 Scan shows new market +++ 01.08.2013 Libya oil exports plunge as protesters block terminals +++ 01.08.2013 Funding for 50 The Fish & Chip Co. outlets announced +++ 31.07.2013 World Bank mobilized record support for African growth in FY13 +++ 31.07.2013 Hunger costs Swaziland 3% of GDP +++ 31.07.2013 Gold Fields appoints new head for West Africa +++ 31.07.2013 Absa not planning further BEE deals‚ other acquisitions +++ 30.07.2013 Absa drops more than 4% on special dividend +++ 30.07.2013 Massmart opens second Builders Warehouse in Botswana +++ 29.07.2013 EIB urges Slovenia to speed up use of loan +++ 29.07.2013 Kenyan, Nigerian banks do well on share price returns +++ 26.07.2013 Absa rumoured to be planning a special dividend +++ 26.07.2013 Citibank targets revenue growth in Africa +++ 19.07.2013 Absa to launch gold ETF in Mauritius next week +++ 12.07.2013 FirstRand offer for Ghana’s MBG lapses +++ 09.05.2013 Alexander Forbes completes sale of Kenya healthcare business +++ 29.04.2013 From just a dollar, Kenya's cellphone bank gives loans +++ 10.04.2013 FNB to facilitate remittances to Zimbabwe from SA +++ 06.03.2013 Econet to open Hillbrow outlet for Zimbabwean users +++ 25.02.2013 Absa shareholders approve BarclaysAfrica deal +++ 07.02.2013 RMB Nigeria opens for business in Lagos +++ 18.01.2013 NWK spins into Zambia +++ 15.01.2013 Absa makes 3 new senior appointments +++
Miga Risk Mitigation
Technical downside protection is guaranteed on covered portfolio companies by political risk insurance through a partnership with MIGA/World Bank. ADC and MIGA signed a first-of-its-kind master agreement whereby ADC investments in pre-defined countries are eligible to be covered against political risks: exchange controls, FX transfer risk, war civil disturbance and expropriation of assets.
Once insurance coverage on a specific investment is confirmed, ADC will be repaid 90 % of its invested capital, including retained earnings in any of the above mentioned insurance cases. Through this partnership, ADC also has access to the World Bank network of experts.
Currently BancABC Botswana, iVeri and RHEAL are covered by MIGA insurance.
Master Agreement http://www.miga.org/news/index_sv.cfm?aid=2220
BancABC Botswana http://www.miga.org/projects/index.cfm?pid=944