climate risk

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Business / Economics

Banking Leaders Chart the Future at CEO Roundtable

The banking sector CEOs gathered for a strategic roundtable discussion this week, focusing on pressing challenges such as climate risk, cybersecurity, and regulatory policies. The event, hosted by the Bank of Namibia, carried the theme "Setting the Scene and Driving Impact for 2025," as highlighted by Ms. Naufiku Hamunime, Technical Expert in International Relations & Sustainability.  

today21 February, 2025

Business / Economics

Flood damage in KwaZulu-Natal exceeds 8 billion rand

South Africa’s Special Risk Insurance Association has engaged the government and other stakeholders in a bid to extend its cover to natural disasters, climate-related risks, and cyberattacks. The cost of damage from the June floods in KwaZulu-Natal was estimated at more than 1.3 billion rand, while the 2022 floods in the province caused damage estimated at seven billion rand to at least 826 companies. The association’s chairperson, Nolwandle Mgoqi, says […]

today1 October, 2024

Africa

Nigerian farmers lack insurance: payouts triggered by weather data offer a solution

  By Ifedotun Aina, University of Cape Town and Opeyemi Ayinde, University of Ilorin   Agriculture is hugely important to Nigeria. It makes up about a quarter of the country’s economy, and almost half of the population are smallholder farmers. Most farm on less than 10 hectares of land. It can be a tough way to make a living. Smallholder farmers in Nigeria regularly lose crops and livestock to floods […]

today17 September, 2024