May 19, 2020

Namibia to join the African Continental Free Trade Agreement

Namibia
AfCFTA
African Continental Free Trade Agreement
professo
2 min
Namibia to join the African Continental Free Trade Agreement

The President of Namibia, Hage Geingob, has confirmed that the nation will soon join the African Continental Free Trade Area Agreement (AfCFTA).

It is anticipated that by signing up to one of the largest free trade bloc’s in the world, Namibia will create access to the NAD50trn (US$3.96trn) valued African market.

The nation claims to have always been invested in the bloc but has deterred signing agreements until deals could be made through an inclusive consultative process.

“Africa's advancement remains first and foremost a matter for Africans,” remarked President Hage Geingob at a meeting with Moussa Faki, Chairperson for the AU Comission.

“Namibia reiterates her commitment to the AfCFTA and the Protocol to the Treaty Establishing the African Economic Community Relating to the Free Movement of Persons, Right of Residence and Right of Establishment, and will expedite internal processes to sign and ratify these instruments.”

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The President enforced Namibia’s commitment to continental integration, arguing that the country’s economy relies upon regional cooperation.

“We might have sent missing or confusing signals but we are committed to the reform. We will be part and parcel of that reform,” Geingob continued.

“We would like things to be done in a consultative and inclusive way so we follow all the steps, so there is no way to say I was not part of it once it is implemented.”

“We will implement Agenda 2063 and its first 10-year implementation plan in order to achieve the Africa we want.”

At least 22 nations are left to formally ratify the agreement, with aims for the AfCFTA to take effect within 18 months.

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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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