• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 28, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home News

I see AfCFTA as an Absolute Importance – Lawrence Nazare, GMD Continental Reinsurance 

by Yinka Okeowo
February 7, 2022
in News
0
UBA
Advertisements

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 (GMD) 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.  

The GMD of Continental Reinsurance hopes that the African Continental Free Trade Area will solve this problem, “I see the Africa Continental Free Trade Area (AfCFTA) 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. 

‘Connecting Africa’ featuring the GMD of Continental Reinsurance aired on Saturday 5th February at 0800 SAST on CNN International 

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 

Loading

Advertisements
MTN ADS

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: AfCFTAAfrica Continental Free Trade AreaCNN InternationalContinental ReinsuranceEleni Giokos
Yinka Okeowo

Yinka Okeowo

Next Post

How MTN Foundation is Impacting Lives with Clean Water

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Daniel Novitzkas Specno

Startups Can Thrive and Innovate Despite SA’s Economic Downturn, Says Specno CEO

2 years ago
air cargo market in Nigeria

FG’S Intra-African Air Cargo Corridor to Cut Logistics Costs by 75%

1 month ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.