Guy Royston
Specialty Leader, Marsh Africa & CEO, Marsh McLennan Africa Regional Operations
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South Africa
Africa’s risk landscape in 2026 is defined by a dynamic interplay of global and regional factors. According to the World Economic Forum’s (WEF) Global Risks Report 2026 and Marsh’s Political Risks Report 2026, the continent faces heightened geopolitical fragmentation, economic pressures, and environmental challenges. Africa’s strategic role in global energy flows, trade corridors, and digital infrastructure exposes it to risks such as geoeconomic confrontation, state-based conflicts, extreme weather events, and cyber threats.
Trade weaponization and shifting geopolitical blocs disrupt supply chains and investment flows, challenging Africa’s integration into global markets. Businesses must diversify supply chains and financing sources to mitigate exposure.
Regional conflicts threaten energy security, disrupt trade routes, and undermine investor confidence. Political risk insurance and scenario planning are critical to managing these risks.
Droughts, floods, and water scarcity strain infrastructure and food systems, complicating insurability and economic stability. Climate adaptation and resilient infrastructure investment are essential.
Africa’s rapidly growing labor force faces insufficient formal job creation, while sovereign debt and inflationary pressures constrain fiscal space. Workforce development and prudent economic policies are vital.
Cybersecurity threats and rapid AI adoption without mature governance increase operational vulnerabilities. Strengthening digital resilience and ethical AI frameworks is imperative.
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