insert_link 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 […] todayOctober 1, 2024 13
insert_link 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 […] todaySeptember 17, 2024 23
insert_link Africa Climate adaptation funds are not reaching frontline communities: what needs to be done about it By Katherine Browne, Stockholm Environment Institute Communities around the world face increasingly severe and frequent impacts from climate change. They are on the “frontlines” of droughts, flooding, desertification and sea level rise. International climate finance is supposed to help. In the 2015 Paris Agreement, the world’s wealthiest countries pledged US$50 billion annually to support climate adaptation among those “particularly vulnerable” to climate change. Climate adaptation is the adjustments humans make to […] todayNovember 27, 2023 5