Author: Joan Kitanga
ATIDI names new chair and deputy
At its 101st meeting held on 5 October 2024, the board of directors of African Trade & Investment Development Insurance (ATIDI) announced the elec [...]
Just 1.1% of total crisis financing from international development donors was arranged in advance in 2022
International development financing for PAF from donors fell in absolute volume terms from US$1.9-billion in 2021, to $852.2-million in 2022, amountin [...]
ICEA LION CEO welcomes geothermal insurance product for Kenya to boost green energy
After ICEA LION Group’s launch of a geothermal well output insurance product, which it describes as “a pioneering solution set to transform the green [...]
ATIDI helping street children in Burundi
African Trade & Investment Development Insurance (ATIDI) has announced a financial contribution of US$40,000 to Street Child in Burundi.
The co [...]
African banks aiming to boost infrastructure lending
In what could be a boost to infrastructure lending across the continent, two of Africa’s leading banks have announced new deals.
The news comes aft [...]
Malawi receives US$11.2-million insurance payout after drought
The government of Malawi has received an insurance payout of US$11.2-million, to support the country’s recovery from a devastating drought arising fro [...]
Liberty, Sprout and Britam team up to launch coffee related parametric cover
Liberty Mutual Reinsurance (LM Re) has announced a partnership with insurtech firm Sprout and diversified financial services firm Britam as the local [...]
Mpox declared international emergency as cases rise in Africa
The upsurge of mpox in the Democratic Republic of the Congo (DRC) and a growing number of countries in Africa constitutes a public health emergency of [...]
Munich Re insurance revenue up in H1
Munich Re generated a net result of €1,623m (1,154m) in the second quarter of 2024 and €3,763m (2,425m) in the first six months of the year. Insurance [...]
ARC Ltd makes pay outs to Zambia and Zimbabwe
The governments of Zimbabwe and Zambia both recently received substantial payouts from ARC Ltd to help mitigate the impact of severe droughts sweeping [...]