In June, the Insurance team within the Financial Institutions Group (FIG) conducted a business development mission to Senegal and Côte d’Ivoire. The mission was jointly held with Investment and Advisory colleagues, including both global and local teams, such as Florence Boupda Ngueda––FIG Global Sector Manager for Insurance, Housing and DARP; Astou Ryanna Dem––Investment Analyst; James Smouse–– Principal Investment Officer, Head of Insurance; and Shadreck Mapfumo––Senior Insurance Specialist. The mission highlighted some exciting opportunities to support the growth of the insurance markets in

In August 2020, the GIIF team commissioned a study by the Wageningen University and Research (WuR) to generate lessons learned in perception, adoption, and understanding of agriculture index insurance by firms and smallholders in Kenya, Senegal, and Zambia. The study was recently concluded. A review of the portfolios and experiences among three companies – ACRE Africa (Kenya), Compagnie Nationale d’Assurance Agricole du Sénégal ( CNAAS), and Mayfair Zambia – reveals successes, opportunities and challenges yet to be overcome in mainstream agriculture index insurance (AII) among farmers across

In May 2020, the World Bank Grroup (WBG) approved a $150 million IDA credit to support Senegal in boosting agricultural productivity and helping build resilient, climate-smart, and competitive food systems while improving the livelihoods of farmers and herders in the extended groundnut basin and agro-pastoral areas. In the country, the WBG’s Agriculture and Livestock Competitiveness Program for Results aims to increase exports of high-value crops such as shelled groundnuts and horticultural products as well as dairy farming productivity and reduce the mortality rate of small ruminants. The