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Business

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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ICT

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Africa Nominates Zimbabwe’s Tourism Minister, Mzembi, for UN – WTO Secretary-General

African nations have nominated a Zimbabwean, Dr. Walter Mzembi, as their candidate to become the new head of the United Nations World Tourism Organisation (UN – WTO) Should Mzembi get this post, it will be the first time in the organisation’s 43-year history that an African would head the organisation.
Speaking during the UN General Assembly in New York, Africa’s longest-serving tourism minister said that he was humbled and privileged to have been chosen by the Government of Zimbabwe, the Southern African Development Community (SADC) and the African Union (AU) as the continent’s candidate.

“Since the establishment of the UN -WTO in 1974, no African has ever become its Secretary General. Almost all the geographical areas of the world have produced a secretary-general, except Africa. In fact in 42 years, three secretaries-general have come from Europe, while one each has come from the Americas and Asia. I am therefore delighted to be representing my region as the continent’s united candidate”.

If elected, Mzembi will come on board in 2017, during the “International Year of Sustainable Tourism for Development”. Globally, his said that his plan would be to align the three tourism-specific Sustainable Development Goals on ‘decent work and economic growth’; ‘responsible consumption and production’; and ‘life below water’. Regionally, he said that he would further embed tourism’s intervention in the African Union’s Agenda 2063.

A former member of the UN-WTO’s Executive Council, and current chairman of the UN-WTO’s Commission for Africa, Mzembi was instrumental in convening the 20th UN-WTO General Assembly in 2013.

This global conference, which was hosted jointly by Zimbabwe and Zambia, was described by the current Secretary General, Dr Taleb Rifai, as “the best attended ever” in the history of the organisation. Rifai, a Jordanian national, retires next year.

Membership of the Madrid-based UN-WTO, one of the 17 specialised agencies of the United Nations, covers 157 countries, 6 territories, and 480 affiliate groups representing the private sector, educational institutions, tourism associations, and local tourism authorities. The organisation promotes responsible, sustainable and universally accessible tourism and works to make tourism an effective tool for development.

“The UN-WTO is the world’s leading international organisation promoting tourism as a driver of economic growth, environmental sustainability and inclusive development. My vision has always been to use tourism to promote peace, security and social harmony and, if I am appointed, I hope to be able to steer tourism development towards climate change adaptation and mitigation, and ultimately reduce poverty among communities”, concluded Mzembi.

Tourism remains one of Africa’s most important strategic sectors, both in terms of employment, foreign exchange revenues as well as opening up the continent and its opportunities to the world.

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Will Driverless Cars Impact Life Insurance & Annuities?

When Delphi Automotive’s “Driverless Car” took its much publicised cross-country test run this spring, the nine-day journey drew cheers from champions of “Autonomous Technology.” Meanwhile, other onlookers started wondering how this disruptive technology might impact, of all things, insurance. It’s not just auto insurance that they’re wondering about. It’s also the life, health and annuity sector. What are the implications there? The question brings up some interesting possibilities.

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