Source: Amnesty International |

Nigerian residents take Shell to UK High court following 10-year fight for justice

After a decade-long fight for justice, the Preliminary Issues Trial of Nigerian Law for Shell vs Ogale and Bille communities is set to take place at the UK High Court from 13 February to 10 March 2025

Ten years ago, residents from the Bille and Ogale communities in Nigeria claimed their livelihoods had been destroyed and homes damaged by hundreds of oil spills caused by Shell. The pollution caused widespread devastation to the local environment, killing fish and plant life, leaving thousands of people without access to…

African Trade and Investment Development Insurance (ATIDI)
Source: African Trade and Investment Development Insurance (ATIDI) |

African Trade and Investment Development Insurance (ATIDI) Hosts Deep Dive Webinar on Development Insurance and Shapes the Future of Risk Mitigation in Africa

The pan-African development insurer is set to host its 2025 Annual General Meeting and Investor Roundtable in Luanda, Angola, from 18 to 21 June

In an effort to promote the growing need for effective risk management in Africa, ATIDI (www.ATIDI.Africa) hosted a webinar focused on the role of development insurance. The session brought together media stakeholders from across the continent - to understand how innovative insurance solutions are driving sustainable development, mitigating risks and…

SanlamAllianz Re
Source: SanlamAllianz Re |

SanlamAllianz Re Ltd Earns A- (Excellent) Rating from AM Best

The BCAR scores are expected to remain at the strongest level as SAZ Re executes its growth plan, which is supported by organic capital generation

SanlamAllianz Re Ltd (SAZ Re) (www.SanlamAllianzRe.com), a leading reinsurance company with a market presence over 45 countries in Africa, is proud to announce that AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to the company. The outlook assigned…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) Forge Strategic Reinsurance Partnership at AMAN Union's 14th Annual Meeting
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) Forge Strategic Reinsurance Partnership at AMAN Union's 14th Annual Meeting

This collaboration aims to enhance CAGEX's capacity to underwrite larger volumes of export credit insurance, thereby empowering Algerian exporters to confidently expand into new markets

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group has signed a landmark Reinsurance Agreement with Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX), Algeria's national export credit agency. The agreement…

Source: Ministry of Health, Kenya |

Ministry of Health Launches Campaign to Achieve 100% Social Health Insurance Fund (SHIF) Registration in Tana River County

Through this initiative, the Ministry of Health is making strides towards achieving UHC and ensuring healthcare access for all Kenyans

The Ministry of Health on Saturday launched a major campaign in Garsen Township, Tana River County, aimed at achieving 100% registration for the Social Health Insurance Fund (SHIF), marking a significant step towards Universal Health Coverage (UHC) for all Kenyans.   Cabinet Secretary for Health, Dr. Deborah Barasa, emphasized that with over 15.6…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Awarded "Insurance Adviser of the Year - Africa" for Advancing Sustainable Development
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Awarded "Insurance Adviser of the Year - Africa" for Advancing Sustainable Development

In Senegal, ICIEC and Standard Chartered signed a €103 million insurance agreement to support the government’s initiative to install 50,000 off-grid solar streetlamps in rural areas

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce its recognition as the "Insurance Adviser of the Year - Africa" at the prestigious IJInvestor Awards 2024. This honor highlights ICIEC’s…

Source: President of the Republic of Kenya |

Kenya: President Ruto Pledges to Address Social Health Authority (SHA) Challenges

Reiterating that the new health insurance is critical to providing all Kenyans with accessible healthcare, the President said the government will continue improving the model

The government will review the Universal Health Coverage to resolve problematic issues pointed out by Kenyans, including Catholic bishops, President William Ruto has said. Reiterating that the new health insurance is critical to providing all Kenyans with accessible healthcare, the President said the government will continue improving the model. “I…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • Moody’s Affirms Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Aa3 Insurance Financial Strength Rating (IFSR) with Stable Outlook for the 17th Consecutive Year
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Moody’s Affirms Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Aa3 Insurance Financial Strength Rating (IFSR) with Stable Outlook for the 17th Consecutive Year

The Corporation’s solid financial performance has been driven by a diversified business mix, reduced exposure concentrations, and operational efficiency improvements

Moody's Ratings affirmed ICIEC’s Aa3 Insurance Financial Strength Rating (IFSR) with a stable outlook for the 17th consecutive year (http://ICIEC.IsDB.org), underscoring its strong standalone credit profile and ongoing support from key shareholders, including the Islamic Development Bank (IsDB) and sovereign members of the Organization of Islamic Cooperation (OIC). Key factors…

Source: Afreximbank |

Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance

The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029. The proceeds of the note will fund general corporate…

Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank Group approves $34.8 million in grants to build climate resilience in Malawi and Zimbabwe

Climate risk insurance is expected to lead to behavioural changes among beneficiaries, such as increased investment in climate-resilient livelihoods or savings for future insurance premiums

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants of $34,796,402.40 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.  Under the Bank Group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility through the Africa Disaster Risk…