Aon Global Risk Consulting has considered that Sub-Saharan Africa
maintains high risks for companies in 2019, and investment in the region
is particularly affected in a year of elections to several countries,
including Mozambique. “More than two-thirds of the countries of Sub-Saharan Africa are at
risk of strikes, riots and other types of civil unrest, with a quarter
of them at risk of sabotage and terrorist attacks,” said Aon in a report
on Terrorism and Political Risk, made in partnership with the Continuum
Economics and The Risk Advisory Group, to which Lusa had access.
Sub-Saharan Africa includes six countries of the Community of
Portuguese Language Countries (CPLP): Angola, Cabo Verde, Guinea-Bissau,
Equatorial Guinea, Mozambique and Sao Tome and Principe. In a year when more than 20 countries are voting, Aon stressed the
instability of the electoral periods, considering the greater likelihood
of “disruptive protests, unease and prolonged political uncertainty,”
associated with local problems involving socio-economic conditions,
labour disputes or inter-community conflicts, which also favour violence
contexts.
“[Mozambique] is a good example, which is close to us,” Aon’s
commercial director, João Mendonça, said, adding that although the
country’s high risk had not changed substantially, “it is natural to
feel more social pressure” reflecting on risk indicators, considering
the effects of Cyclone Idai. In the risks identified for the first quart of 2019 in Mozambique,
high levels of organised crime and political instability have been
highlighted, which “have led to increased violence,” and “compromise the
country’s security and makes it less appealing to investors.”
Aon mentioned the country’s infrastructure problems, especially in
the field of energy and water supply and the lack of skilled workers as
constraints to business activity and said that the agricultural sector, a
“critical area,” is particularly vulnerable to climate change. As for the main impact of the debt crisis, it related to the marked
decrease of the currency which boosted inflation, which remains high.
Regarding Angola, another Portuguese-language African country also
considered high-risk, the first quarter analysis showed that the risks
of political violence remain high, as well as regulatory risks due to
corruption, nepotism, bureaucracy and lack of skilled workers. “The price of oil and the government’s ability to restructure its
external debt will determine the risk of currency transfer in the
future, as well as the overall performance of the country,” Aon said.The company identified over 30 countries in sub-Saharan Africa at
risk of civil unrest and strikes in 2019, including investment
destinations such as Nigeria, Kenya and South Africa.
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