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Announcements
African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

President Buhari finalises Nigeria’s membership in African Trade Insurance Agency (ATI)

Membership in ATI allows Nigeria to attract additional insurance capacity to help attract investments

Nigeria becomes a full member country at an opportune time. It joins ahead of others that are fast-tracking membership given the trade and investment insurance challenges during the COVID-19 pandemic and also recognizing the potential post pandemic opportunities. Nigeria contributed US$14.1 million to ATI’s (www.ATI-ACA.org) capital in 2019 with African Development…

United Nations Capital Development Fund (UNCDF)
Source: United Nations Capital Development Fund (UNCDF) |

Coronavirus - Africa: Fighting COVID-19 Through Innovative Digital Solutions for Micro, Small, and Medium Enterprises (MSME)

In March 2020, most African governments implemented various measures to contain the spread of the virus

“During the Ebola outbreak in West Africa in 2014, more people died from the interruption of social services and economic break-down than from the virus itself’” according to a United Nations’ report regarding the socio-economic response to COVID-19, reflecting on the Ebola Virus outbreak of 2014. Today, it seems that history is…

Africa Executive
Source: Africa Executive |

Dixon Seeks Inspiration for Jamaica in 'Too Black to Succeed'

“Too Black to Succeed” aims to engage Jamaicans at home and across the global Diaspora, as well as the millennial generation of Jamaicans, who she feels need to be more conscious of the important socio-economic factors of the past and present which are determining the quality of their lives and future

Since its government accepted the recipe of global financial institutions and introduced liberal instruments in the management of its economy, Jamaica's financial system was plunged into deep crisis. The two-decade-long economic nightmare blighted the economy and plunged the country into a vortex of decline with thousands of businesses closing their…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Conversation with Marieme Esther Dassanou, Coordinator of the African Development Bank’s Affirmative Finance Action for Women in Africa programme

She previously led IFC’s Gender Secretariat's work on advancing women's inclusion in the insurance and financial sectors

Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s (https://www.AfDB.org/) flagship pan-African initiative, which aims to bridge the $42 billion financing gap facing women entrepreneurs in Africa. She previously led IFC’s Gender Secretariat's work on advancing women's inclusion in the…

Sure Start
Source: Sure Start |

Is this the insurance industry’s new normal? (By Travys Wilkins)

Many insurance businesses have been forced to speed up their digital transformation efforts but could a hybrid business model be the industry’s future?

By Travys Wilkins, Executive Director at SureStart (www.SureStart.co.za) When government first announced a national lockdown back in March, countless businesses were left scrambling to make working from home, work. Sure, distributed work was probably on the cards for many of these companies but being forced to enable your entire team…

Mashreq
Source: Mashreq |

Executive Appointment: Mashreq appoints James as Head of Financial Institutions (FI) and Non-Banking Financial Institutions (NBFI)

James possesses over 30 years’ experience in corporate and investment banking and has worked extensively with banks, insurers, investors and intermediaries

Mashreq (www.Mashreqbank.com), one of the leading financial institutions in the UAE, has recently appointed James Pearson as the Head of Financial Institutions (FI) and Non-Banking Financial Institutions (NBFI), part of the bank’s Corporate and Investment Banking Group (CIBG). James possesses over 30 years’ experience in corporate and investment banking and…

African Reinsurance Corporation (Africa Re)
Source: African Reinsurance Corporation (Africa Re) |

Africa Re to Disburse US$ 3.3 million for the Fight Against Covid-19 in Africa

The announcement was made after the approval of the 2019 final accounts of Africa Re by the General Assembly on 26 June 2020

The African Reinsurance Corporation (Africa Re) (www.Africa-RE.com), the premier reinsurance group in Africa, has announced the disbursement of the sum of US$ 3.3 million to assist stakeholders in the ongoing fight against the Covid-19 pandemic in the continent. The announcement was made after the approval of the 2019 final accounts…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group supports Ghana’s COVID-19 response plan with $69 million grant

The funds will help to upgrade the capacity of healthcare facilities to isolate, diagnose and care for patients, and provide more test kits, pharmaceuticals, equipment and beds

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation. The grant from the ADF, the concessional arm of the African Development Bank (www.AfDB.org), will provide…

United Nations Development Programme (UNDP)

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    • Young women, who are self-employed and are the sole providers for their families, are suffering the direct consequences of the pandemic (Photo: UNDP Guinea/Mamadou Saliou Diallo)
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Source: United Nations Development Programme (UNDP) |

Coronavirus - Nigerian Afropop star Yemi Alade joins UNDP’s call for urgent action to protect those hit hardest by COVID-19 surge

Joining the event from Lagos, Nigeria, globally acclaimed Afropop star Yemi Alade shone a spotlight on those suffering the direst consequences of the pandemic

United Nations Development Programme (UNDP) joined by key voices in international development, reiterates the importance of protecting the world’s poorest and most vulnerable people hit hardest by the socio-economic impact of COVID-19. This call comes under the auspices of the 2020 UN High-Level Political Forum on Sustainable Development (HLPF) in…

South African Government
Source: South African Government |

Coronavirus - South Africa: Employment and Labour on critical role played by entities during Coronavirus COVID-19 pandemic

Close to 7 million payments (6808971) have benefitted millions of workers thus far, with at least 557823 employers taking advantage of the offer by government

The Department of Employment and Labour has, through its entity the Unemployment Insurance Fund (UIF), placed a total of R31 billion in cash to workers around the country to help them cope with the inclement effects of the Coronavirus pandemic. Close to 7 million payments (6 808 971) have benefitted millions…