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The Role of Insurance in Advancing Financial Solutions for Sustainable Agriculture and Food Security in Africa

The Role of Insurance in Advancing Financial Solutions for Sustainable Agriculture and Food Security in Africa

Author:
Sharon Onyango, James Smouse, Sandra Carrollo
Date: October 14, 2024 Time: 1:00 – 3:00 PM Location: Cairo, Egypt The session titled “The Role of Insurance in Advancing Financial Solutions for Sustainable Agriculture and Food Security in Africa” took place in Cairo on October 14, 2024. This significant event brought together industry leaders to explore innovative solutions to the challenges facing Africa's agricultural sector. The panel included distinguished speakers: Florence Boupda, Global Banking and Insurance Manager at IFC; Dr. Islam Azzam, Vice Chairman of the Financial Regulatory Authority of Egypt; Dr. Corneille Karekezi, CEO of
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The Global Index Insurance Facility (GIIF) is a dedicated World Bank Group's program that facilitates access to finance for smallholder farmers, micro-entrepreneurs, and microfinance institutions through the provisions of catastrophic risk transfer solutions and index-based insurance in developing countries. Funded by the European Union, the governments of Germany, Japan, and the Netherlands, GIIF has facilitated approximately 10.5 million contracts, covering close to 50 million people, primarily in Sub-Saharan Africa, Asia, and Latin America and the Caribbean.
 

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