Coffee contributes to 6% of GDP, 44% of exports and 40% of employment, but experts say the coffee beans in Ethiopia have not reached their full potential yet. The Ethiopia Commodity Exchange (ECX), launched in 2008, transformed the way most Ethiopia coffee is traded. This has been to the detriment of the specialty sector as all coffee from an area is interchangeable, making it impossible to identify unique varieties.
By Martin Le Roux, Managing Executive, Centriq Insurance
Some of the issues surrounding the FSB’s initial proposals with regards to cell captive insurance that would require deeper thought going forward include restricting cell captive ownership to the binder holder only. Bona fide affinity scheme type cell owners may not necessarily want to enter the arena of providing full administrative/binder type facilities, and may rather wish to outsource those types of functions to specialist providers
Daily economic reports tend to paint a bleak picture, with a very critical brush. Data releases have shown, however, that the world is generally emerging from recession. Imara have been recommending investors to stay with, what they call, ‘funny money’. In this recent report, “Stocks ‘n Strategy”, Imara provide readers with a reminder of just how […]
By Johann Els and Jurie Swart, Old Mutual Investment Group
The National Development Plan (NDP) is an effective plan and its fixed investment target of 30% by 2030 is an ambitious one, however it will be challenging to meet. This is according to Old Mutual Investment Group’s Senior Economist, Johann Els and Head of Infrastructure, Jurie Swart, presenting at its Q2 Media Briefing, who believe that to effect the investment roll-out, it is vital to build capacity.
Graham Anderson, Principal Officer of Profmed, the medical scheme designed exclusively for graduate professionals, commends the Department of Health for these efforts saying poor lifestyle choices have increased the prevalence of lifestyle diseases such as cancer, heart disease and diabetes.
Criminals tend to follow opportunities in terms of people and places and in some cases this does not only occur with house burglaries but when people are on their holiday. The SAIA is actively involved on various levels with stakeholders in the law enforcement community through the South African Insurance Crime Bureau (SAICB) to address crime related activity affecting the Short-term Insurance industry.
A new specialised Underwriting Management Agency (UMA), Commuter and General Underwriting Managers Pty Limited (Commuter & General) has been formed by Derek Vermeulen, who has been providing insurance options to the taxi industry for 29 years. Additional benefits for taxi drivers and in particular their passengers will form part of the unique offerings that Commuter & General aims to deliver.
The world’s two largest cement makers, France’s Lafarge and Switzerland’s Holcim, have announced their intention to combine the two companies to form Lafarge-Holcim, a global company with European roots and a stock market value of around USD 55bn.
The Ethiopian government needs to promote and improve yields and route to market of the specialty sector in the short to near term, and the ECX will have to improve traceability of the crop over that duration.