22.02.2012 Old Mutual makes offer for Oceanic Life +++ 22.02.2012 Nigerian president seeks cuts to 2012 budget +++ 22.02.2012 Egypt to provide 22 megawatts to struggling Gaza +++ 22.02.2012 Shoprite profits up, remains bullish on Africa +++ 22.02.2012 Italy and Algeria to strengthen energy ties +++ 21.02.2012 FNB invests R160m in the Eastern Cape +++ 21.02.2012 Petrol price hike pushes Nigerian inflation up sharply +++ 21.02.2012 Implats concerned about statement by Zim minister +++ 21.02.2012 Zim mining fees hike will make mining impossible +++ 21.02.2012 Executives of suspended South Korean bank jailed +++ 20.02.2012 Absa launches enterprise development unit +++ 20.02.2012 Zim corporate restructuring spree on way +++ 20.02.2012 South Sudan halves spending after oil shutdown row +++ 20.02.2012 Purchase expands China's Africa mine holdings +++ 17.02.2012 Spanish bad bank loans hit 17-year high +++ 17.02.2012 UBS suspends traders amid Libor probe +++ 16.02.2012 Societe Generale cleans up bad debts +++ 16.02.2012 Moody's puts Europe's top banks on rate cut watch +++ 16.02.2012 FNB's mobile money solutions a hit across Africa +++ 15.02.2012 Constitutional Court hears debt case +++ 15.02.2012 Nedbank provides R1bn in funding to Netcare +++ 14.02.2012 FNB leads in the digital and technology front +++ 13.02.2012 Standard Bank scoops project finance awards +++ 13.02.2012 Absa intent on playing catch-up in Africa +++ 08.02.2012 BANKER'S WORLD: African banks on the rise +++ 07.02.2012 Egypt slaps travel ban on investment bank chief +++ 03.02.2012 Standard Bank still Africa's top banking brand +++ 02.02.2012 Five Zimbabwe banks risk closure +++ 30.01.2012 Zambia to review ZNCB sale to Rabobank +++ 23.01.2012 Libyan central bank to spurn UniCredit capital increase +++
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Iweala: Want to help Africa? -
Clinton on rebuilding Rwanda -
Business in Africa - Ghana -
The Justice Gala / Laudatio Christian Angermayer
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Business in Africa - Kenya -
Business in Africa - Mozambique -
Business in Africa - Zambia
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 SIMTEL, iVeri and RHEAL are covered in full by MIGA insurance and the BancABC investment is being processed by the underwriters and is expected to be covered by October 2011.
Master Agreement http://www.miga.org/news/index_sv.cfm?aid=2220
SIMTEL (RSwitch) http://www.miga.org/projects/index_sv.cfm?pid=764
iVeri http://www.miga.org/news/index_sv.cfm?aid=2202
RHEAL http://www.miga.org/news/index_sv.cfm?stid=1506&aid=2969
