One Alliance Insurance, the South African company that just sold Angola’s largest closely-held insurer by revenue, plans to start a re-insurance arm focused on the continent, Chief Executive Officer Robert Lewis said.
A former Southern Sudan militia leader currently serving as a general in Sudan’s army began talks with the semi-autonomous region’s leader to switch sides ahead of an independence referendum next year.
Southern Sudan , a semi-autonomous region that pumps most of Sudan’s crude, accused the government in Khartoum of switching payments of oil revenue to domestic currency from dollars in violation of a 2005 peace accord.
Southern Sudan , which is scheduled to hold a referendum in January on whether to secede from Sudan, is acquiring 10 Russian helicopters that give the semi- autonomous region its first aerial capability.
Southern Sudan ’s efforts to rebuild its agriculture industry following a 21-year civil war is being undermined by Uganda’s rebel Lord’s Resistance Army ransacking its most fertile farming area, the United Nations said.
Southern Sudan’s leaders are ready to reach an agreement with the government in the north to resolve a dispute over control of the Abyei border region without holding a referendum planned for the area, a senior official said.
The World Bank would work to make a newly independent Southern Sudan a member “speedily,” paving the way for the undeveloped region to gain international financing it does not qualify for now, a top bank official said.