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 Africa Re; Benjamin Kamanga, Director of Public Sector & Inclusive Solutions at ZEP-RE; and Cheick-Oumar Sylla, Regional Director for North Africa & Horn of Africa at IFC.

Throughout the session, panelists emphasized the vital link between climate change and agricultural productivity, underscoring insurance as an essential tool for building resilience among farmers. Their diverse insights facilitated a meaningful dialogue on the importance of integrating financial solutions with insurance products to empower smallholder farmers and promote sustainable agricultural practices across the continent. This collaborative approach is crucial for enhancing food security and ensuring a resilient agricultural future in Africa.

From left to right: Fatou Assah, Global Head, Advisory Services, Financial Institutions Group (FIG), IFC; Mr. Cheick-Oumar Sylla, Regional Director, North Africa and Horn of Africa, IFC; Dr. Islam Azzam, Vice Chairman of the Financial Regulatory Authority (FRA); Benjamin Kamanga, Director of Public Sector and Inclusive Solutions, ZEP-RE; Dr. Corneille Karekezi, Group MD | CEO of the African Reinsurance Corporation (Africa Re); Florence Boupda Ngueda, Global Sector Manager, Financial Institutions Group (FIG), Banking & Insurance, IFC.

 To access the Activity Snapshot highlighting the key takeaways from the session, please click here.