Sub-Saharan Africa

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A newly designed Global Index Insurance Facility's Country Profile for Mali is available for digital viewing. The document contains an overview of GIIF's project in Mali and partner, PlaNet Guarantee. Also available in French .
The Ghana Agricultural Insurance Pool (GAIP) has rolled out a scheme that will make insurance for farmers easy to access, Ghana's Graphic Online reports . “The future is bright for agricultural insurance, what we need now is for farmers to embrace it. That is why we are working towards that. Because we have financial institutions who have expressed interest to partner with us and whatever they lend to farmers would have an insurance component, so that in the bad years the farmers would be comfortable and the financial institutions would be comfortable,” said General Manager Alhaji Ali...
A newly designed Global Index Insurance Facility's Country Profile for Zambia is available for digital viewing. The document contains an overview of GIIF's project in Zambia and partner Mayfair Insurance. Read more about this program.
Bloomberg BusinessWeek wrote an article that discusses crop insurance in Africa, whose potential to benefit the region's farmers remains relatively unlocked. "Africa has struggled to marshal the necessary resources to unlock their agricultural potential. Gains in one area, such as better seed, are often stymied by deficits in others—not enough grain silos. Getting smaller farmers plugged into credit networks would help spur investment and bring new producers to markets," says Ulrich Hess, a senior adviser to Deutsche Gesellschaft für Internationale Zusammenarbeit. In Africa, index insurance...
A newly designed Global Index Insurance Facility's Country Profile for Senegal is available for digital viewing . The document contains an overview of GIIF's project in Senegal and partner, PlaNet Guarantee. Also available in French . Read more about this program.
At the request of the Government of Cameroon, the World Bank and the IFC have conducted a feasibility study that seeks to improve the knowledge and understanding of the market opportunity for index insurance. The findings were unveiled in Douala on December 15, 2016, at a workshop jointly organized by the World Bank Group and the Association of Insurance Companies of Cameroon (ASAC). The event was another milestone for Cameroon’s agricultural sector, which is increasingly experiencing shocks due to climate change. In 2015, this sector accounted for 20% of the country’s GDP, approximately US$6...
As the 2016 short rains came late, Kenya's Meteorological Department had to warn that the shortfall might affect crop production and livestock farming, Kenya's Daily Nation reported. The country and other Southern African nations are currently witnessing two kinds of drought — hydrological and agricultural — both of which are causing disaster as water and food have become scarce, the report added. “We are at the point where people need to adapt. There is need for diversification and shift in the kind of crops to plant, and buying of crop index insurance,” says Department of Meteorology's...
In an article entitled "After a Poor Harvest in Senegal, farmers Find Creative Ways to Carry On", Oxfam wrote that Senegalese farmers use index insurance to protect their livelihoods from a bad harverst due to poor rainfall. " Farmers can pay the premium with cash, or through a work-for-insurance program designed to help build community infrastructure like rock walls in areas prone to flooding and severe erosion, or small dikes to store water for more gradual use," reads the article. In Senegal, index insurance is provided through the Oxfam and the World Food Programme’s R4 initiative. Click...
More than 30 participants from seven African nations gathered in Johannesburg for two weeks in October 2016 to focus on the fundamentals of index insurance, and to discuss a wide array of development-related topics ranging from product design to project management. The workshop, entitled “Agriculture Insurance Training,” was organized by the World Bank Group’s Global Index Insurance Facility (GIIF). Co-managed by the International Finance Corporation (IFC), GIIF provides smallholder farmers, rural residents, microentrepreneurs and microfinance institutions with access to finance through the...
In mid September, the International Research Institute for Climate and Society (IRI) helped launch an innovative new data platform in Lusaka, Zambia that combines satellite rainfall estimates with the country’s existing network of rain gauges. The platform, developed with the Zambia Meteorological Department and through funding from NASA, is the latest to come out of IRI’s Enhancing National Climate Services (ENACTS) initiative which aims to address the persistent problem of data scarcity and lack of access to climate information products in many African countries. The World Bank Group’s...
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