May 19, 2020

Ethiopia to acquire stake in Port of Djibouti

sudan
Djibouti
Ehtiopia
Port of Djibouti
professo
2 min
Ethiopia to acquire stake in Port of Djibouti

Ethiopia has announced plans to acquire a stake in the Port of Djibouti, its main system of trade.

Djibouti has sought after investors for its port since it terminated its agreement with Dubai-based DP World.

The two nations have agreed to swap stakes in strategic public enterprises in a bid to enhance economic integration.

The stake swaps would include airlines and telecommunication companies, as well as the port.

The nation of Djibouti is set to receive a stake in Africa’s largest airline (by revenue) – Ethiopian Airlines Enterprise.

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Shares in Doraleh Container Terminal, Ethiopian Telecommunications Corp, and Djicouti Telecom SA are also included in the deal.

Ethiopia also revealed an agreement made with Sudan for a stake in its largest sea gateway port – Port Sudan.

“The leaders of both countries agreed to develop Port Sudan together,” Meles Alem, Ethiopia’s Foreign Ministry spokesperson, informed Reuters.

“This deal entails that Ethiopia will be a shareholder of the port as well,” he added.

“Access to a diversified range of ports is a strategic imperative for the government of Ethiopia,” noted Ahmed Salim, Vice President at the Teneo.

“That is perhaps one of its most important priorities in terms of trade and development.”

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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