Monday, July 14, 2025
23.2 C
Lagos

CNN’s Connecting Africa Meets Business Leaders Connecting the Continent

Lawrence Nazare

Group Managing Director/CEO

Continental Reinsurance Plc

In the latest episode of Connecting Africa, CNN International’s Eleni Giokos meets the business leaders working to connect the continent.

In Lagos, Giokos meets Lawrence Nazare, the Group Managing Director of Continental Reinsurance. He explains what the reinsurance industry does, “Reinsurance in a nutshell, is really insurance, for insurance companies. It is really the second level of insurance after the insurance company insures its direct client. The reinsurer takes whatever risk the insurance company cannot cover under its own balance sheet.”

Intra-African trade has many challenges and Nazare believes that the size of the continent is one of the biggest hurdles, “Africa is a huge continent. So just the distances, I think makes it a daunting task. Traveling in Africa, when I started traveling was not easy, connectivity in Africa is not easy. So making sure that you are there on the ground, and interacting with your teams can be difficult. It’s proving to be a lot easier now post COVID doing it digitally, but at one point, we had to be physically traveling.”

Nazare also says that fragmented regulatory framework across the continent has proved to be a barrier to trade. He hopes that the African Continental Free Trade Area will solve this problem, “I see the Africa Continental Free Trade Area as an absolute imperative. I think for our business, it’s very exciting because of the promises that you’re seeing. One of which primarily is a promise of a level playing field, a modernised regulatory framework, no barriers to trade, free movement, free movement of labour, absolutely important.”

Nazare is hopeful for the future of business and trade across Africa, “I think the script for Africa’s future success story must be written by great African businesses. Those great African businesses must be allowed to spread their wings, take advantages of opportunities across the continent. We are on a fairly steep growth trajectory in Africa, boundless opportunities, but I believe we must create an environment that allows those enterprises to grow and thrive.”

This month’s programme also visits Ghana for a meeting of the Africa Economic Zones Organization, in Egypt energy and infrastructure giant Elsewedy Electric talk about their plans for a better-connected continent, and in South Africa Giokos explores South Africa’s wine industry.

The show also airs at the following times:

Monday 7th February at 0030 SAST and 2245 SAST

Tuesday 8th February at 2245 SAST

Saturday 12th February at 0830 SAST and 1300 SAST

Sunday 13th February at 2000 SAST

Monday 14th February at 0300 SAST

 

spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

NAIPCO Confab 2021: COVID-19 Impact on Financial Inclusion

Insurance and pension stakeholders are set to converge at...

Why Women Empowerment is Vital to Ending Malnutrition in Nigeria

From the time a woman is born until when...

Polaris Bank Wins SERAS Award, Africa’s Sustainability/CSR Recognition

Polaris Bank over the weekend, added yet another feather...

Interswitch Boosts Payment Industry via Innovative TechConnect Solutions

Pan-African digital payment and commerce solution company, Interswitch Group,...

Interswitch Emerges Most Efficient Payment Processor in Nigeria

Interswitch Limited, Africa's leading digital payments and commerce provider...

ASUS Presents Incredible Unfolds at CES 2022

KEY POINTS Zenbook 17 Fold OLED, Zenbook 14X OLED...

Leadway Assurance: ‘Nigerians Should Buy Term Life Assurance Policy’

Ms. Adetola Adegbayi, Executive Director, Leadway Assurance Company Limited...

Civil Society Groups Support Anti-Corruption Crusade

A group of Nigerian civil society organisations (CSOs) have...
spot_img

Related Articles

Popular Categories

spot_imgspot_img