Nigerian insurer wins approval to sell agriculture insurance

Nigerian insurer wins approval to sell agriculture insurance

Nigerian insurer wins approval to sell agriculture insurance

The Nigerian regulator has given Linkage Assurance approval to underwrite agricultural insurance. The ‘no objection’ nod from the National Insurance Commission will enable Linkage to support farmers and service providers in the agricultural value chain for greater sustainability and economic growth. The products approved include Linkage Assurance Crop Insurance Solutions, Linkage Assurance Farm All Risk Insurance, Linkage Assurance Farm Motor…

Shell oil case to continue for another year

Shell oil case to continue for another year

Shell oil case to continue for another year

A British judge has ruled that Nigeria’s Bodo community, which has been involved in a protracted legal battle with Shell over the cleanup of two 2008 oil spills, should retain the option of litigation for another year. According to reports from Reuters, lawyers for Bodo had accused Shell of trying to kill off the legal case by seeking a court…

Risk managers warned to factor climate change into all future scenario planning

Risk managers warned to factor climate change into all future scenario planning

Risk managers warned to factor climate change into all future scenario planning

Risk managers are being warned that climate change is already changing the litigation landscape across the world and that they must factor the risk into their planning to avoid an escalation in claims against their organisations, as Liz Booth reports Climate change is a fast-emerging risk that is impacting business in new and unexpected ways, which risk managers must factor…

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…

1 2 3 5