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South Africa: Bringing in back-up

Date first published: 24/03/2026 Key sectors: all; mining Key risks: corruption; gang violence; political uncertainty; business disruption Risk development On 18-19 March the South African Police Services (SAPS) and the South African National Defence Force (SANDF) conducted an operational scanning exercise for hotspots in criminal activity in Cape Town, Western Cape province, ahead of a […]

Ones to Watch, 23 March 2026

Americas: Cuba states its military readying for US aggression Sectors: allKey Risks: political stability; political uncertainty; regional escalation In Cuba, on 21 March Deputy Foreign Minister Carlos Fernandez de Cossio stated that the military was preparing for a potential US aggression, adding that it would be “naive” to ignore the possibility of conflict but that […]

Malaysia: The Kingmaker’s Gambit

Date first published: 12/03/2026 Key sectors: all; oil and gas Key risks: policy uncertainty; regulatory changes; governability; governance; business risks; business disruptions Risk development On 10 January Petronas – the country’s national oil company – filed a legal suit in Malaysia’s Federal Court over hydrocarbon resource ownership in Sarawak state – a resource-rich state on the […]

Ones to Watch, 16 March 2026

Americas: Protesters attack Communist Party office in Cuba amid blackouts, fuel shortages Sectors: allKey Risks: civil unrest; disruptive unrest; vandalism In Cuba, on 14 March protests against blackouts and food shortages in Moron, Ciego de Avila province, turned violent after some demonstrators vandalised the Communist Party office and other state-run establishments in the area – […]

Mexico: CJNG violence surges after military strike

Date first published: 05/03/2026 Key sectors: all Key risks: gang violence; violent clashes; disruptive unrest; business disruptions; targeted attacks Risk development On 22 February Nemesio Oseguera, alias “El Mencho”, leader of the Jalisco New Generation Cartel (CJNG), died in custody after being injured in a United States (US)-assisted military operation in Tapalpa, Jalisco state. The […]

Ones to Watch, 9 March 2026

Americas: Quito, Washington bomb drug-trafficking camp in Ecuador  Sectors: allKey Risks: gang violence In Ecuador, on 6 March Washington and Quito carried out a joint military operation targeting a drug-trafficking network in the Sucumbios province near the border with Colombia. Neither the US Southern Command – which encompasses 31 countries throughout Latin America – nor […]

NATO-Russia-Ukraine: No end in sight

Date first published: 04/03/2026 Key sectors: all Key risks: war-on-land; targeted attacks Risk development 24 February marked the fourth anniversary of Russia’s full-scale invasion of Ukraine. A year of intensive negotiations led by United States (US) President Donald Trump’s administration have brought the two sides incrementally closer to a settlement, but key sticking points persist, […]

Ones to Watch, 2 March 2026

Americas: Senate approves historic labour reform in Argentina Sectors: allKey Risks: disruptive unrest; industrial action; business disruptions In Argentina, on 27 February the Senate approved President Javier Milei’s historic labour reform with 42 votes in favour, 28 against and two abstentions. The legislation – altering the country’s 50-year-old labour code – modernises labour relations, lowers […]

Libya: Loyalty for hire on shifting sand

Date first published: 24/02/2026 Key sectors: defence and security; energy; logisticsKey risks: tribal violence; targeted attacks; violent clashes; governability; economic risks; supply chain disruption Risk development On 14 February Commander of the Libyan National Army (LNA) Khalifa Haftar ordered a restructuring of southern formations following clashes involving ethnic Tebu fighters across Fezzan province. The move […]

Ones to Watch, 23 February 2026

Americas: CJNG cartel leader killed in security operation, triggers retaliatory violence in Mexico Sectors: allKey Risks: violent clashes; business disruptions; targeted attacks In Mexico, on 22 February Jalisco New Generation Cartel (CJNG) leader Nemesio Oseguera Cervantes, alias “El Mencho”, was killed during a US-assisted security operation, including the air force and special forces, in Tapalpa, […]

Ethiopia-Eritrea: Noisy neighbours

Date first published: 17/02/2026 Key sectors: all Key risks: regional escalation; insurgency; regional conflict; war on land Risk development On 7 February in a letter addressed to the Eritrean Foreign Minister Osman Saleh Mohammed, his Ethiopian counterpart Gedion Timothewos accused Asmara of illegally encroaching on Ethiopian territory. He described the development as “outright aggression” and […]

Ones to Watch, 16 February 2026

Americas: Congress in Peru to debate motion to remove President Jeri Sectors: allKey Risks: political stability; civil unrest; government instability In Peru, on 13 February the head of Congress, Fernando Rospigliosi, announced a special plenary session for 17 February to debate a motion to remove President Jose Jeri. This came as Jeri’s tenure has become […]

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