- IRM qualifications hold significant importance for risk managers and companies.
- It also enhances the capacity of individuals and organisations to navigate complex risk landscapes with confidence and expertise.
Institute of Risk Management (IRM) has embarked on globalisation strategy with a forthcoming board visit to Kenya.
The purpose of this visit is to showcase the strategic commitment of the IRM and the East Africa Regional Group to the risk management profession in Africa.
The board will also meet key stakeholders in Kenya as it seeks to build strategic alliances and partnerships with professional and academic institutions.
There will also be discussions with policymakers in a bid to enhance risk management within the public sector – a key area of focus and expertise within the IRM.
This initiative is timely, historic, and holds immense importance for businesses, society, and the economy in Africa.
The IRM Board recently appointed Charity Mandiopera, a senior Credit Risk Officer at ZB Financial Holdings Limited (Zimbabwe).
According to the board's chairman Stephen Sidebottom, African businesses face diverse and often volatile operating environments, and effective risk management is essential for survival and growth.
"IRM plays a crucial role in this regard by providing tailored education and resources to businesses and individuals, enabling them to identify, assess, and mitigate risks efficiently, whilst developing risk intelligent leaders of the future."
IRM qualifications hold significant importance for risk managers and companies, as they provide internationally recognised standards and best practices in risk management.
By equipping professionals with these qualifications, IRM enhances the capacity of individuals and organisations to navigate complex risk landscapes with confidence and expertise.
IRM deputy chairperson Dorothy Maseke says that by adopting robust risk management practices supported by IRM qualifications, businesses can enhance their resilience, ensuring continuity in operations even amidst disruptions.
“IRM has a formidable presence across the African continent, leveraging a dedicated team of experts and seasoned risk managers from our regional groups."
She adds that these groups serve as bastions of risk management excellence, fostering education, best practice dissemination, networking opportunities, and professional advancement throughout the region.
Additionally, integrating Environmental, Social, and Governance (ESG) considerations into risk management strategies not only safeguards against reputational damage but also attracts investment and enhances long-term sustainability.
"By empowering businesses to manage risks effectively, IRM will contribute to economic stability, job creation, and societal development across Africa, fostering an environment conducive to sustainable growth and prosperity.”
IRM’s commitment to Africa is underscored by a multifaceted approach, including the provision of dynamic forums for local members and stakeholders to convene regularly.
It also cultivates and disseminates innovative risk management expertise through a rich suite of education, seminars, thought leadership and knowledge-sharing platforms.