With the ever-evolving insurance landscape in Africa, there is a need for brands to refocus.

The African insurance sector holds significant growth potential, with the continent representing 18 per cent of the global population, yet it has an insurance penetration rate of only 2 per cent.

According to market research by the IMARC Group, the industry in Africa is expected to grow by 6.3 per cent between 2024 and 2032, building on its 2023 valuation of 87.4 billion US dollars.

Thami Ngubeni spoke to Hazel Chimhandamba, Chief Marketing Officer (CMO) for Hollard Group.

With the ever-evolving insurance landscape in Africa, there is a need for brands to refocus.
The African insurance sector holds significant growth potential, with the continent representing 18 per cent of the global population, yet it has an insurance penetration rate of only 2 per cent.
According to market research by the IMARC Group, the industry in Africa is expected to grow by 6.3 per cent between 2024 and 2032, building on its 2023 valuation of 87.4 billion US dollars.
Thami Ngubeni spoke to Hazel Chimhandamba, Chief Marketing Officer (CMO) for Hollard Group.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

Market research by the IMARC Group finds that Africa has a 2% insurance penetration rate

Victor Kgomoeswana, Author of Africa Is Open for Business, Africa Bounces Back, and Executive Director for Marketing and Communication at the University of Limpopo, unpacks the business news that made headlines this week.

Victor Kgomoeswana, Author of Africa Is Open for Business, Africa Bounces Back, and Executive Director for Marketing and Communication at the University of Limpopo, unpacks the business news that made headlines this week.

Business round‑up with Victor Kgomoeswana, Author and Executive Director for Marketing and Communication at the University of Limpopo

South African farmers are coming under growing pressure as global fertiliser prices climb amid escalating tensions in the Middle East, raising concerns about rising production costs, potential impacts on crop yields and the knock‑on effect on food prices.


Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at the Agricultural Business Chamber of South Africa (Agbiz), says the country does not currently face immediate fertiliser supply constraints. However, he warns that prices are rising due to fears of global supply disruptions as the conflict continues to unsettle international commodity markets.


Thami Ngubeni spoke to Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at Agbiz.

South African farmers are coming under growing pressure as global fertiliser prices climb amid escalating tensions in the Middle East, raising concerns about rising production costs, potential impacts on crop yields and the knock‑on effect on food prices.
 Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at the Agricultural Business Chamber of South Africa (Agbiz), says the country does not currently face immediate fertiliser supply constraints. However, he warns that prices are rising due to fears of global supply disruptions as the conflict continues to unsettle international commodity markets.
 Thami Ngubeni spoke to Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at Agbiz.

Fertiliser prices surge amid escalating tensions in the Middle East

The 11th Annual Forbes Woman Africa Leading Women Summit, held on March 18 2026 in celebration of International Women’s Day, focused on leadership in times of uncertainty and the transformative role of technology, innovation and sustainability in shaping the continent’s future.


The summit also highlighted the increasing influence of women across Africa who are driving progress in business, public service, science, the creative industries and social impact sectors.


Thami Ngubeni spoke to Renuka Methil, Managing Editor of Forbes and Forbes Woman Africa.

The 11th Annual Forbes Woman Africa Leading Women Summit, held on March 18 2026 in celebration of International Women&rsquo;s Day, focused on leadership in times of uncertainty and the transformative role of technology, innovation and sustainability in shaping the continent&rsquo;s future.
 The summit also highlighted the increasing influence of women across Africa who are driving progress in business, public service, science, the creative industries and social impact sectors.
 Thami Ngubeni spoke to Renuka Methil, Managing Editor of Forbes and Forbes Woman Africa.

Market research by the IMARC Group finds that Africa has a 2% insurance penetration rate

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