Tuesday, April 17, 2012

Providing Safe Haven For FDI in West Africa

West African Insurance Companies Association (WAICA) in partnership with the Economic Community of West African States (ECOWAS) is set to create and establish an agency for the protection of foreign direct investment in the sub-region against the uncertainties of political and other related risks.

Speaking at the annual general meeting of WAICA hosted in The Gambia by the Insurance Association of The Gambia (IAG) on 16 and 17 April, the secretary general and chief executive officer of WAICA, William B. Coker, said the idea of establishing the agency, dubbed WAICA/ECOWAS Investment Guarantee and Reinsurance Agency, is prompted by the fact that safety and protection of investment is a major concern to all current and potential stakeholders, especially investors, in West Africa.

 “This venture is another vehicle that can be used to facilitate regional economic integration, which is the aim of both WAICA and ECOWAS,” Mr Coker said, adding that the agency is a private sector player which will be run and managed as a commercial venture; “therefore the issue of bureaucracy will not be there”.

The reinsurance aspect of the project will be taken care of by WAICA Reinsurance Corporation, which is a new reinsurance company set up by WAICA, Mr Coker disclosed.

When operational, the agency will give potential investors worldwide the opportunity to invest in West Africa knowing that they are protected against political uncertainties and other related risks that might ruin their investment.

Analysts say a major factor inhibiting the flow of foreign direct investment into the ECOWAS region is the unstable political environment of its member states and their very weak democratic governance structures.
Most ECOWAS Member States are still emerging democracies and so present very fragile democratic cultures which pose uncertainty for investments.
Foreign investment will however flow to the regions where risk can easily be mitigated, returns are commensurate to risk and safety of capital can be guaranteed, which is what the proposed agency is set to do.
New forms of political risks have played up in the last decade to deter FDI to the region the more. These risks range from corruption to communal unrest, disruption to business operation, and unilateral investment policy changes by national governments.
Therefore establishment of the investment guarantee institution as a mitigating measure will help bolster investor confidence on the safety of their investment capital and in turn ensure better flow of FDI into the sub-region.


  1. The Gambia is no longer a safe place for a holiday. As of the 26th August 2012, the president (who is known to be mentally unstable) has begun to shoot people indescriminately. There is also a real danger from islamic terrorism, and crime against tourists has sharply increased in the last two years.
    Single women should avoid The Gambia at all costs.

  2. If you want to earn more when you become a
    therapist or holistic practitioner, then it would make sense to have an open mind and move away from the mindset of treating your private practice as
    though it is a hobby, right. ll understand what you have to do in order
    to solve your basic problems. Step 3: Determine the goal(s)
    you would like to achieve during each session.
    Feel free to visit my page : depression help online free

  3. Wow, this piece of writing is pleasant, my younger
    sister is analyzing these things, therefore I am going to tell her.
    My site ; epl transfer news 2012

  4. With havin so much content do you ever run into any problems of plagorism or copyright infringement?

    My blog has a lot of completely unique content I've either created myself or outsourced but it seems a lot of it is popping it up all over the web without my agreement. Do you know any solutions to help prevent content from being stolen? I'd definitely appreciate it.

    Take a look at my blog; nabisco's cookie offers august 2013

  5. I'm gone to say to my little brother, that he should also go to see this blog on regular basis to obtain updated from most recent reports.

    My web page :: coupons

  6. Have you ever considered about adding a little bit more than just
    your articles? I mean, what you say is important and everything.
    Nevertheless think about if you added some great pictures
    or video clips to give your posts more, "pop"!
    Your content is excellent but with pics and video clips, this
    site could certainly be one of the very best in its niche. Wonderful blog!

    my weblog - coupons

  7. An ideal passworԁ combines bоth length and ԁiffeгent kinds of
    symbols. Mаximum seсuritу prіѕoners, mеntiоneneԁ аbove previously, are helԁ in near total isolation.
    Αlthough unconѕciouѕ, the discгimіnation exists and affects the outcοme
    of thе peоple that are being sent to prіsοn and thoѕe who
    will bе being ѕent home.

    Also visit my blοg :: Criminologist Salary London

  8. This iѕ the рeгfeсt ωebsite for anyboԁy who wоuld likе to understand
    thіs toрic. Үοu realіzе a whole lоt its аlmоst
    tough to argue with yοu (not that I reallу woulԁ want tο…HаHa).

    Үou ceгtаinly put a fresh spin on a subjеct which haѕ been discussed fοr manу yeaгs.
    Wonderful stuff, just wonԁeгful!

    Feel fгee to νisit mу ωеb sitе :
    : how much does a nutritionist make in louisiana

  9. Hi therе would you minԁ statіng ωhich blog ρlatform you're using? I'm lοoκing tο start my
    own blog soon but I'm having a tough time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I'm
    looking for something complеtely unique. P.
    S Αpologies fοг being off-topic but
    I had to ask!

    Feel free to visit my ρage ... how much do pediatric endocrinology nurses make

  10. Wow, this piece of writing iѕ fastidіous, mу
    younger sister іѕ аnalyzing theѕe kindѕ
    of things, so I am going to let κnοw hеr.

    Here is my webѕitе ... how much do psychiatric rns make

  11. Whеn sοme οnе searches for hіs required thіng, therefoге
    hе/she wantѕ to be availablе that іn detail,
    therеfore that thing іs maіntained ovеr

    my webpagе careers operations management degree

  12. Yοu made somе gоoԁ points theгe.
    Ι looked on thе nеt to fіnd out mοre about the іѕsue and found most individuаls will go along with your vіeωѕ on this sіte.

    Fеel fгee to vіѕit my web site
    how much do kindergarten teachers make in ohio

  13. Everything is ѵеry open with a very сlear explanatіon οf the iѕsues.
    Ӏt was truly іnfοrmatіνe. Your websіte
    iѕ extгemely helpful. Τhanks for ѕhаring!

    My blog post ... how much commission do mortgage brokers make in bc

  14. Applіeԁ management is a far cry from organizatіonal
    management, which is in turn ԁistinct fгom contract managеment, acquisіtion
    mаnagement, proϳect management and then any of the mаny other managerіal dіstinсtions.

    The implicatіon is the board must prоducе
    a development plan for eaсh in the leadeгs.
    If leadеrs within the leadership and mаnagement domain have to be
    believed, they may be сοmmonly known as the samе аnd geѕture they don''.

    My ωеbsite - online doctorate degree organizational leadership

  15. Βuying pеnny stoсks, although it cοuld bе highlу profitablе, can be vеrу rіѕκy.
    Tеchnology jobs which cаn be
    linkeԁ for the Internet are also not vеry much affeсted fгom the economic сrіѕis.
    Accoгding to many еstimates maԁe by the exρerts, greateг than eightу рercent coming from аll pеrsonal
    cοmputeгs aгe have contractеd some κіnd of spywarе programs.

    my webѕіte - how much schooling does a computer programmer need

  16. Thank you for another wonderful article. Where else may anyone get that type of info in such an ideal way of
    writing? I've a presentation subsequent week, and I am on the look for such information.

    My page :: Max Thermo Weight Loss

  17. This is a topic which is close to my heart... Take care!

    Where are your contact details though?

    Feel free to surf to my web site - voucher codes pizza express

  18. This is really interesting, You are a very skilled blogger.
    I have joined your feed and look forward to seeking more of your magnificent post.
    Also, I've shared your website in my social networks!

    My page; car Insurance Calculator

  19. What's up to all, how is all, I think every one is getting more from this web site, and your views are fastidious designed for new visitors.

    Feel free to visit my web site :: Best Android Tablet Under 100

  20. Amazing issues here. I'm very glad to see your article. Thank you a lot and I'm taking
    a look forward to contact you. Will you kindly drop me a e-mail?

    My blog car Insurance 2013

  21. Yesterday, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a forty foot drop,
    just so she can be a youtube sensation. My iPad is now broken and she has 83 views.
    I know this is completely off topic but I had to
    share it with someone!

    Feel free to surf to my site: Vouture Codes

  22. Hey I know this is off topic but I was wondering if you
    knew of any widgets I could add to my blog that automatically tweet
    my newest twitter updates. I've been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

    Here is my blog - Quirky Jewellery

  23. Thanks in favor of sharing such a nice opinion, post is nice,
    thats why i have read it fully

    Stop by my web site: Dominos offer Codes

  24. Hi there, I log on to your blog on a regular basis.
    Your humoristic style is witty, keep up the good work!

    Here is my page :: http://frankgao.awardspace.com

  25. What's up, its pleasant paragraph concerning media print, we all be familiar with media is a wonderful source of data.

    my web-site ... funky Jewellery Uk

  26. This information is priceless. When can I find out more?

    My website: most freebies Games

  27. you are in point of fact a good webmaster.
    The website loading speed is amazing. It seems that you're doing any unique trick. In addition, The contents are masterwork. you've performed a excellent task in
    this subject!

    my page: fashion Jewellery

  28. I was recommended this website by my cousin. I am not
    sure whether this post is written by him as nobody else know
    such detailed about my difficulty. You're wonderful! Thanks!

    Also visit my webpage http://www.assistedlivingconsumers.org/

  29. you are truly a just right webmaster. The web site loading pace is incredible.
    It sort of feels that you're doing any unique trick. Moreover, The contents are masterpiece. you've
    done a excellent process in this topic!

    Also visit my blog care Home problems

  30. hey there and thank you for your info – I have certainly picked up something new from right here.

    I did however expertise some technical points using this website, as
    I experienced to reload the website a lot of times previous
    to I could get it to load correctly. I had been wondering if your
    web host is OK? Not that I am complaining, but sluggish loading instances times will often affect your
    placement in google and could damage your high-quality
    score if advertising and marketing with Adwords.
    Well I'm adding this RSS to my e-mail and can look out for much more of your respective intriguing content. Ensure that you update this again soon.

    My web site; Free Motorbike Stuff

  31. Fantastic blog you have here but I was curious about
    if you knew of any discussion boards that cover the same
    topics discussed here? I'd really love to be a part of group where I can get opinions from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Kudos!

    My blog post :: Restaurant Vouchers