Category: Environment
Drought-stricken Mali receives first-ever ARC Limited climate risk insurance pay-out
More than 204,000 vulnerable people in drought-affected regions of Mali will benefit from a $7.1m climate risk insurance payout by African Risk Capaci [...]
Storm season lashes Madagascar but help is on the way from insurers
Madagascar has been dealt wave after wave of devastating weather events in recent months. First, tropical storm Ana, then cyclone Batsirai, followed b [...]
Insurance comes to rescue in Mali and Madagascar after climate disasters
African Risk Capacity, through ARC Replica, has paid out $7.1m to drought-affected regions of Mali. The news comes days after ARC made payments in Mad [...]
German government commits E21 million to build climate resilience in vulnerable countries
The German Federal Ministry for Economic Cooperation and Development (BMZ) is committing EUR 21 million to better protect poor and vulnerable countrie [...]
Africa at forefront of climate change risks, warns new IPCC report
Human-induced climate change is causing dangerous and widespread disruption in nature and affecting the lives of billions of people around the world, [...]
Insurers watching Morocco as drought fuels protest
The worst drought in decades has left Moroccan farmers facing what one industry official dubbed a "catastrophic year" that will force the government t [...]
Kenyan farmers receive KSH12m insurance payout
Kenyan insurer APA Insurance has made a KSH12m initial insurance payout to farmers in Nandi for losses incurred during the 2021 season.
APA Insuran [...]
Zimbabwe’s insurance regulator backs agricultural market
Zimbabwe's insurance regulator and IFC have launched a partnership to create a market for agricultural insurance products in Zimbabwe to protect small [...]
ATI gets $56m backing for renewable energy projects across Africa
African Trade Insurance Agency (ATI) is to receive funding to the tune of NOK500m (approximately US$56m), from the Norwegian Agency for Development Co [...]
Insurers waiting on news after FPSO explodes off Nigeria
Insurers experts have reported they are waiting to hear more after a floating production, storage and offloading (FPSO) vessel, Trinity Spirit, with a [...]