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WAICA promotes investment opportunities in Africa

By Roseline Onuoha

Determined to tap into the huge business opportunities in the West Africa sub-region, the West African Insurers Companies Association (WAICA) says it will use its international educational Conference this year to promote investment opportunities in Africa, Nigeria as a focus.

Secretary General of WAICA Mr. William Coker, said the conference with the theme: ‘An Integrated and Harmonized Insurance Industry in West Africa,’ will take place in Lagos, November 24 – 26.

According to him, “The sub regional body is keying into the regional integration efforts of ECOWAS heads of government and insurance as a critical player in the economy must take its pride of place in the scheme of things”.

“If we are promoting the concept of a global village, the insurance industry in the West African sub region needs to be seen as front runners in promoting efforts at regional integration.  Charity must begin at home” he added.

The three day educational Conference will feature papers which will be presented by two erudite scholars.

According to the programme of events released by Mr. Rotimi Fashola, Chairman of Local Organizing Committee (LOC), Dr. Ibrahim Bocar BA, Commissioner, Macro-economic Policy, Ecowas, Abuja, will give the goodwill message while the Co-ordinating Minister of the economy and Honourable Minister of Finance, Dr. (Mrs.) Ngozi Okonjo-Iweala is expected to give the keynote address and declare the Conference open on Monday, November 25, 2013.

The first paper of the conference will focus on: “An Integrated and  Harmonized Insurance industry in West Africa; The Challenge Facing Integration in West Africa” will be delivered by Dr. Abwaku Englama, Director-General, West African Monetary Institute, Accra, Ghana.

The paper will be chaired by His Excellency, Henry O. Macauley, High Commissioner of the Republic of Sierra Leone to Nigeria while Messrs. C. C. Bruce, Executive Director, Enterprise Life Assurance Company Limited, Accra, Ghana, and Mr. Akin Ogunbiyi, Mutual Benefits Assurance Plc, will discuss the paper.

Mr. Abiola Ekundayo, Managing Director of WAICA Re will take the second paper titled: “Insurance Growth in West Africa and the Benefits of Integration”.

Founding father and past president of WAICA,  Prof. Jo Irukwu,  SAN, will chair the paper which will be discussed by Rev. Asante Marfo-Akenkora, President, Ghana Brokers Association and Mr.  Dawda Sarge, Past President, WAICA  and Managing Director/ CEO, Prime insurance Company Ltd, Banjul, The Gambia.

This will be followed by an open forum which will be chaired by Hon. Hassan Gbessay Kanu, Past President of WAICA and President of Sierra Leone insurance Association.

“We expect an educative and rewarding educational conference. It is yet another opportunity to extend the hospitality of Nigerians to delegates from other parts of the world. I am sure this will be a conference to remember”, Fashola enthused.


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