Source: Islamic Development Bank Group (IsDB Group) |

IsDB Institute’s Global Forum to Discuss Prospects of Islamic Finance in Economic Recovery Post Covid-19

The Islamic Development Bank (IsDB) Institute is organizing the forum as a virtual side event to be held on 28 August 2021

Senior development practitioners and experts are scheduled to participate in the 15th IsDB Global Forum on Islamic Finance to discuss unleashing the potentials of Islamic finance to spur economic recovery post Covid-19 pandemic. The Islamic Development Bank (IsDB) Institute is organizing the forum as a virtual side event to be…

Africa Specialty Risks
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    • Expanding Africa’s Insurance Sector with Mikir Shah, CEO, Africa Specialty Risks
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Source: Africa Specialty Risks |

Expanding Africa’s Insurance Sector with Mikir Shah, CEO, Africa Specialty Risks

Credit and currency risks have long been seen by investors as a barrier to entry for African markets

Africa’s insurance market is poised for rapid expansion with the second fastest growth in the world after Latin America. It is growing nearly twice as fast as North America and over three times faster than Europe. With 7% year-on-year growth, the region even outpaces Asia. However, this recent growth has…

Orange
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    • Orange Middle East and Africa and AXA Assurance Maroc sign an agreement to acquire a majority stake in , the Moroccan health-tech company digitalizing access to healthcare in Africa
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Source: Orange |

Orange Middle East and Africa and AXA Assurance Maroc sign an agreement to acquire a majority stake in DabaDoc, the Moroccan health-tech company digitalizing access to healthcare in Africa

Orange and AXA’s investment and network will accelerate DabaDoc’s growth and extend DabaDoc’s services to other regions, in particular Sub-Saharan Africa

Orange Middle East and Africa (www.Orange.com) and AXA CIMA entities led by AXA Assurance Maroc announce that an agreement has been signed on the joint acquisition of a majority stake in DabaDoc (www.DabaDoc.com), alongside the company’s founders. DabaDoc, founded by Zineb Drissi-Kaitouni and Driss Drissi-Kaitouni in 2014, is a platform…

African Trade Insurance Agency (ATI)
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    • ATI Announces Profits for the 9th Consecutive Year as it Marks 20 Years of supporting Trade and Investment in Africa
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Source: African Trade Insurance Agency (ATI) |

ATI Announces Profits for the 9th Consecutive Year as it Marks 20 Years of supporting Trade and Investment in Africa

ATI reaffirmed its role in the economic transformation in Africa, ensuring effective trade and investment, making the continent more resilient post Covid

ATI (www.ATI-aca.org) has shown great resilience and posted a net profit growth of 43% and a Gross Exposure of USD 6.3 billion amidst the COVID-19 Global Pandemic; ATI is increasing its capital base and footprint across the African continent through support from the African Development Bank (AfDB), the European Investment…

The Canada-Africa Chamber of Business
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Source: The Canada-Africa Chamber of Business |

De-risking the World's Future Growth Engine: African Trade Insurance (ATI) joins The Canada-Africa Chamber of Business

ATI facilitates inward investment in Africa by providing insurance against trade and investment risks

In our 27-year history as a Chamber of Business (www.CanadaAfrica.ca), the latest range of risk insurance instruments from the African Trade Insurance (ATI) Agency is a major leap forward for Canadian institutional investors and African countries - standing to unlock billions in investment capital. ATI facilitates inward investment in Africa by providing insurance against…

Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: Vulnerable households and small businesses find relief from government program to ease Covid-19 headaches

The program’s main objectives were to extend cash transfers to more than 117,000 newly vulnerable households at a cost of 75,000 CFA francs each

For Hortense Koné, the manager of a small restaurant in Abobo Belleville, north of Côte d'Ivoire’s economic capital Abidjan, paying her water and electricity bills became a headache last year when Covid-19 lockdown restrictions hit her business. But a decision by the Ivorian government to cover water and electricity bills…

Cigna Corporation
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    • Hollard Cigna Healthcare are proud to announce a strategic partnership with Société Financière d’Assurance (SFA) in the Democratic Republic of Congo
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Source: Cigna Corporation |

Hollard Cigna Healthcare are proud to announce a strategic partnership with Société Financière d’Assurance (SFA) in the Democratic Republic of Congo

With this great responsibility they will ensure easy access to affordable, quality healthcare for local and expat communities

With over sixty years of local experience, Hollard Cigna have demonstrated their commitment to the people of DRC and have an excellent track record of adhering to local regulations. With this partnership, SFA will become one of the main insurance provider of international health insurance in DRC. With this great…

Source: African Development Bank Group (AfDB) |

The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance

The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility

The African Development Bank (www.AfDB.org) has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported…

Source: African Union (AU) |

Launch of the First Parametric Tropical Cyclone Risk Insurance Product in Africa

This parametric insurance product will provide countries with predictable and rapid financing for early response to cope with emergency situations

The African Risk Capacity (ARC) Group is proposing a new insurance mechanism to African countries in the South West Indian Ocean (SWIO) region to cope with the devastating effects of the tropical cyclones. This parametric insurance product will provide countries with predictable and rapid financing for early response to cope…

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

Post Event Communication on the 6th Edition of the African Insurance Awards

Over 1,250 professionals took part in the 2020 edition which was held virtually this Friday, 18 December 2020

The African Reinsurance Corporation (Africa Re) (https://www.Africa-Re.com/) hereby expresses its sincere gratitude to all the participants and the judges of the just concluded 6th African Insurance Awards. Over 1,250 professionals took part in the 2020 edition which was held virtually this Friday, 18 December 2020. The winners of the four…