Category: Environment
Africa reinsurance market braces for surge in prices after US hurricanes
As the US deals with the aftermath of two back-to-back major hurricanes, the African reinsurance market is bracing for an unexpectedly tougher rei [...]
Floods in west Africa are a sign of things to come, warn climate experts
In the last few months, heavy rains have flooded every one of Chad's 23 provinces, burst a dam in northern Nigeria, damaged ancient buildings in Niger [...]
Blue Alliance and BNP Paribas launch an impact debt facility to support marine protected areas in the Global South
Blue Alliance Marine Protected Areas (BA) and BNP Paribas, through its impact investment team, have launched a blue finance facility, with Tanzania an [...]
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 [...]
More than one-third of the global population at risk from flooding, warns Moody’s
Some 2.7-billion people – more than one-third of the global population – reside in areas vulnerable to inland or coastal flooding, according to a new [...]
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 [...]
CFC launches debt financing insurance linked to climate change
Specialist insurer CFC has developed a ground-breaking insurance policy first deployed with Standard Chartered Bank.
In a first for both the insura [...]
Financial innovation needed to help Africa adapt to climate change, warns UN
The impact of global warming is costing African nations up to 5% of their economic output, the UN climate chief has warned.
According to Reuters, S [...]
Gas project exit sounds an ominous note for South Africa’s energy transition plan
The sudden and somewhat unexpected decision by TotalEnergies to withdraw from a consortium formed to explore the commercial development of block 11B/1 [...]
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 [...]