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COP 28: African Development Bank’s $1 Billion Insurance Facility to Protect Millions of Farmers in Africa
African Development Bank President Dr Akinwumi Adesina said the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) aims to mobilise $1 billion of concessionary financing, high-risk capital and grants to support the African insurance industry.
- Categories
- Agriculture, Environment, Finance
- Region
- Sub-Saharan Africa
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Nigeria’s Largest Lender Wants to Expand to Asia
Opening a subsidiary in Asia could enable the bank to serve customers in the region that is the largest non-African trading partner.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: FINCA Impact Finance Appoints Jeff Flowers as New CEO
FINCA Impact Finance (FIF) today announced the appointment of Jeff Flowers as its next Chief Executive Officer, effective January 1, 2024.
- Categories
- Finance
- Region
- Global
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Home Insurance in Developing Countries Is Hard to Come By. That’s Changing.
Most homeowners in the developing world can’t buy natural-catastrophe insurance—“natcat” in industry lingo—at any price, even as climate change makes calamities more frequent and severe.
- Categories
- Environment, Finance
- Region
- Global
- Tags
- climate change, lending
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Analysis: Small-Scale Farmers Receive 0.8% of Climate Finance Despite Providing a Third of Our Food Supply
Small-scale farms make up 84% of the world’s 570 million farms and control 12% of total agricultural land. In South Asia and sub-Saharan Africa, MSMEs are responsible for 65% of all food produced.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Press Release: Yikri Wins European Microfinance Award 2023
Yikri wins European Microfinance Award 2023 for its commitment to addressing the complex challenges of food security and nutrition in Burkina Faso.
- Categories
- Finance
- Region
- Global
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The Rise of Embedded Finance in Africa: Three Fintech Innovators Highlight its Potential to Boost Financial Inclusion and Business Growth on the Continent
In Egypt and other African countries, recent years have seen growing usage of fintech tools to boost financial inclusion. Basil Moftah at Nclude explores the impact of one such tool: embedded finance, in which a financial product is placed within a non-financial product, customer experience or platform. He discusses how the emergence of embedded finance is revolutionizing business operations and providing a catalyst for digitization and growth, across sectors ranging from hospitality to agriculture and pharmaceuticals.
- Categories
- Finance
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Worldfirst to Expand Digital E-Commerce Solutions for Southeast Asian SMEs
WorldFirst’s innovative product, facilitated through the World Account, caters to SMEs across Vietnam, Thailand, the Philippines, and Malaysia.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, e-commerce, fintech, MSMEs