West Africa’s Francophone farming industry

West Africa’s Francophone farming industry

West Africa’s Francophone farming industry

Abdou Diaw takes a look at the Francophone countries to see if the use of index insurance is working as an instrument to overcome climate risks and improve agricultural yields In Senegal, as in most African countries, the economy is characterised by a high proportion of agricultural activities that employ a large part of the population. Faced with the many…

Environmental and cyber risks rise to prominence in WEF’s 2018 risk report

Environmental and cyber risks rise to prominence in WEF’s 2018 risk report

Environmental and cyber risks rise to prominence in WEF’s 2018 risk report

Environmental and cyber risks are two of the most significant threats facing businesses and economies, according to the World Economic Forum’s (WEF) Global Risk Report 2018. The report, published today ahead of the World Economic meeting in Davos next week, highlights the growing importance of environmental and cyber risks, underlining the systemic natures of these threats. The WEF Global Risks…

Cotton insurance success for Senegal

Cotton insurance success for Senegal

Cotton insurance success for Senegal

Insurers are claiming success in Senegal after all cotton producers in Senegal subscribed to the first national index-based insurance policy. Distribution of the insurance was integrated into the agricultural input financing circuit, in the same way as fertilizers, with the assistance of the National Federation of Cotton Producers, the Textile Fiber Development Company and financial support from the Caisse Nationale…

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.…

$600m safety net for Ethiopia farms

$600m safety net for Ethiopia farms

$600m safety net for Ethiopia farms

The World Bank has approved a $600m International Development Association (IDA) grant to support the Ethiopian government’s vision of a national safety net system to provide effective support in chronically food insecure rural areas, particularly during droughts. The Rural Productive Safety Net Project supports the evolution of the government’s umbrella Productive Safety Net Program (PSNP), which has been in operation…

$280m programme to boost agriculture across Africa

$280m programme to boost agriculture across Africa

$280m programme to boost agriculture across Africa

The multimillion-dollar Partnership for Inclusive Agricultural Transformation in Africa (PIATA) is to provide up to $280m to catalyse and sustain inclusive agricultural transformation in at least 11 countries in Africa. The 11 are: Ghana, Nigeria, Mali, Burkina Faso, Rwanda, Uganda, Kenya, Ethiopia, Tanzania, Malawi and Mozambique. The programme was launched at the 2017 African Green Revolution Forum as an innovative…

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…

Floods on increase across Africa as hundreds die in Sierra Leone

Floods on increase across Africa as hundreds die in Sierra Leone

Floods on increase across Africa as hundreds die in Sierra Leone

Risk managers are being warned of a rapid increase in the number and severity of floods across the continent, as hundreds have been killed and hundreds more are missing after floods washed away the side of a mountain in the outskirts of Freetown, Sierra Leone. Experts had been calling for action to help secure land vulnerable to flooding for some…

South African mines move towards settlement in silicosis claims

South African mines move towards settlement in silicosis claims

South African mines move towards settlement in silicosis claims

South African mining firms are reported to be preparing a multimillion-dollar settlement with as many as 100,000 former workers suffering from lung diseases. Mining News reported that Anglo American has set aside $101m in preparation for a potential settlement, while Gold Fields expects to pay about $30m to end a class action lawsuit. AngloGold Ashanti, Sibanye Gold and Harmony Gold Mining are among 32 respondents…

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…

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