Insurance provides added support in wake of natural catastrophes

Insurance provides added support in wake of natural catastrophes

Insurance provides added support in wake of natural catastrophes

New insurance mechanisms are emerging for Africa as the world grapples with the aftermath of natural catastrophes and as the risks associated with climate change come into sharper focus. This month, the German city of Bonn will be the venue for the United Nations Climate Change Conference (COP23). Playing host at the event, however, is the small island state of Fiji.…

Insurance plays key role in aiding emerging economies

Insurance plays key role in aiding emerging economies

Insurance plays key role in aiding emerging economies

Insurance does help improve the quality of life in emerging countries, according to a new body of study. The latest sigma report from Swiss Re, Insurance: adding value to development in emerging markets says every year, 100 million people around the world fall into poverty because of out-of-pocket spending on medical treatment. Case studies indicate that insurance can help mitigate…

Agriculture on cusp of revolutionising economies

Agriculture on cusp of revolutionising economies

Agriculture on cusp of revolutionising economies

The food market in Africa could be worth more than $1trn a year by 2030, according to a new report. However, the report’s authors conclude that, although progress is being made, Africa needs to pick up the pace if it is to compete globally and turn itself from importer to exporter by feeding its people with food made in the…

African agriculture must become a business

African agriculture must become a business

African agriculture must become a business

Agriculture needs to become a business, not a way of life, if Africa is to reap the potential from the sector, according to the president of the African Development Bank (AfDB). Akinwumi Adesina is championing the transformation of the rural economies of African countries as the fastest way to lift millions of people out of poverty. Speaking on a visit…

Africa could lead way in insurance transformation

Africa could lead way in insurance transformation

Africa could lead way in insurance transformation

Africa is digital in nature and stands to leapfrog more mature markets in terms of transformation, Oliver Bäte, CEO of Allianz SE, told delegates at the 44th annual Insurance Conference in Sun City, South Africa, Mr Bäte addressed the profound transformation of the insurance industry wrought by digitalisation. “In today’s fast-changing world, it’s critical to innovate quickly and to change…

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

A new project has just delivered street lighting to downtown Bujumbura, extending commercial hours and personal safety. The switch-on is part of a deal between the capital of Burundi’s Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of US Power Africa’s Beyond the Grid programme. Solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace.…

South Africa prime for renewable energy investment conditions

South Africa prime for renewable energy investment conditions

South Africa prime for renewable energy investment conditions

South Africa has been ranked tenth among G20 countries for renewable energy investment opportunities. According to the Allianz Climate and Energy Monitor 2017, it scored highly for its depth of capital markets, even though a high inflation forecast brought down the overall score. The country has steadily increased its renewables capacity in recent years and has a relatively high presence…

Insurers urged to act to improve access to cover

Insurers urged to act to improve access to cover

Insurers urged to act to improve access to cover

Microinsurance experts have called on the wider insurance sector to act on widening access to insurance worldwide. A group of experts met for a Microinsurance Network event in Luxembourg to discuss the role microinsurance has in reducing the impact of financial shocks. “Insurance and development experts must recognise that insurance is a critical enabler if we are to attain many…

Africans have been urged to work together to reduce health risks

Africans have been urged to work together to reduce health risks

Africans have been urged to work together to reduce health risks

Stakeholders across Africa have been urged to work together to improve health coverage across the continent. The call came at the World Health Organization’s inaugural Africa Health Forum in Rwanda. Delegates acknowledged the progress in health made in the past few years but also recognised the need to address ‘old enemies’ such as HIV, TB and malaria and the new…

Bond launched as pandemic solution

Bond launched as pandemic solution

Bond launched as pandemic solution

The World Bank, through the International Bank for Reconstruction and Development (IBRD) is launching bonds that ultimately will help finance efforts to stop pandemics. Pandemics are one of the greatest systemic risks facing the world and the bonds will support the Pandemic Emergency Financing Facility (PEF), designed to channel first-response surge funding to developing countries facing the risk of a…

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