Dangote becomes net exporter of cement as Nigerian government pushes for diversification

Dangote becomes net exporter of cement as Nigerian government pushes for diversification

Dangote becomes net exporter of cement as Nigerian government pushes for diversification

Nigeria has become self-sufficient in the production of cement and is now an exporter of the commodity, with the government ascribing the feat to Dangote Cement. Last month Dangote Cement group managing director Onne Van der Weijde had said the company was exporting cement to Nigeria’s neighbours. He said: “We exported nearly 0.4Mt into neighbouring countries and in doing so,…

Risk management at heart of new weather risk-related deal

Risk management at heart of new weather risk-related deal

Risk management at heart of new weather risk-related deal

African Risk Capacity (ARC) has formally teamed up with the African Development Bank (AfDB) to strengthen mechanisms to manage weather-related risk on the continent. The organisations said: “This partnership will formalise a technical collaboration to enhance risk management infrastructure and policy across Africa; it will also support African countries in building resilience against climate shocks and in taking ownership of…

Major new solar project in Mali gets funding boost

Major new solar project in Mali gets funding boost

Major new solar project in Mali gets funding boost

The African Development Bank (AfDB) has approved a senior concessional loan of $25 million to fund the Segou Solar PV Project, Mali’s first utility-scale solar photovoltaic (PV) power plant. It said the project, one of the first in Sub Saharan Africa, consists of the design, construction and operations of a 33 MW power plant. The transformational project will lead to…

Boost for agricultural insurance in Tunisia

Boost for agricultural insurance in Tunisia

Boost for agricultural insurance in Tunisia

French consultants Finactu have agreed to support Tunisian insurer CTAMA in boosting its agricultural book. CTAMA was founded in 1961 and has positioned itself as an agricultural insurer though an extensive network in rural areas, its close proximity to the agricultural ecosystem and its technical expertise on agricultural risks. Under Mansour Nasri, president and CEO of CTAMA, the company aims…

Farm insurer taps state agency to protect farmers

Farm insurer taps state agency to protect farmers

Farm insurer taps state agency to protect farmers

Agriculture insurer Agriculture and Climate Risk Enterprise Africa (ACRE Africa) has partnered with Kenya’s state-owned agriculture research agency Kenya Agricultural & Livestock Research Organization (KALRO) to provide agriculture risk management solutions, in a win for farmers following several such new initiatives. Kenya is among the countries starting to feel the effect of climate change, especially because most of its food…

Zambia remains on negative outlook, says S&P

Zambia remains on negative outlook, says S&P

Zambia remains on negative outlook, says S&P

Following the trend of recent rating activity across Africa, S&P Global Ratings has affirmed its B/B long- and short-term foreign and local currency sovereign credit ratings on Zambia. The outlook remains negative, however it is not all bad news for investors as signs of improvement do exist, it said.This follows a similar decision by Fitch on Zambia. S&P said: “In…

Kenya farmers get largest ever payout as weather index insurance kicks in

Kenya farmers get largest ever payout as weather index insurance kicks in

Kenya farmers get largest ever payout as weather index insurance kicks in

Kenya pastoralists will receive $2.15m as compensation for loss of livestock in the ongoing drought, from Kenya Livestock Insurance Programme (KLIP), a World Bank- and Kenya government-backed agriculture insurance scheme. The payout comes as the UK government gives more than £230m in aid to drought-stricken South Sudan and Somalia. Aid agencies are also warning of risks of famine in northeast…

Africa Re and World Bank support agriculture insurers across SSA

Africa Re and World Bank support agriculture insurers across SSA

Africa Re and World Bank support agriculture insurers across SSA

Africa Re and the World Bank Group’s Global Index Insurance Facility (GIIF) have agreed a risk-sharing facility, in form of an experience account, to decrease premium levels for insured farmers and encourage local companies to create affordable insurance products. “Agriculture provides up to 60% of all jobs on the continent, but African farmers need greater access to insurance mechanisms to…

Court rejects Nigerian claims against Shell

Court rejects Nigerian claims against Shell

Court rejects Nigerian claims against Shell

Lawyers for more than 40,000 Nigerians will appeal an English High Court judgment handed down, which ruled that two polluted communities in the Niger Delta cannot seek redress against the oil giant Shell in the English courts, according to lawyers at Leigh Day. The judge concluded that Royal Dutch Shell (the parent company) has no legal responsibility for the systematic…

Food, glorious food

Food, glorious food

Food, glorious food

Africa has sometimes been described as the world’s bread basket, but much of the continent is still plagued with difficulties including adverse climates and political risks, which hamper the region’s ability to produce food on a global scale.   Agriculture and food markets are plagued with inefficiencies that have dramatic consequences for the welfare of the world’s most vulnerable populations,…

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