Africa: Low Insurance Uptake Puts Kenyan, African Farmers At Risk

Africa: Low Insurance Uptake Puts Kenyan, African Farmers At Risk

Nairobi — Low insurance penetration and high premiums are leaving millions of Kenyan and other African farmers exposed to climate shocks, industry players have warned, highlighting a growing disconnect between agriculture’s contribution to GDP and its insurance coverage across the continent. Speaking during the Africa Reinsurance Climate and Insurance Workshop, Phocas Nyandwi, Regional Director at…

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Yellow Card, Visa in deal to hasten stablecoin uptake in Africa

Yellow Card, Visa in deal to hasten stablecoin uptake in Africa

Yellow Card Financial and Visa have signed a deal to promote the use of stablecoins for cross-border payments in emerging markets where the cryptocurrency exchange operates. The two will explore opportunities to streamline treasury operations, enhance liquidity management, and enable faster and more cost-effective transfers, according to Yellow Card co-founder and CEO Chris Maurice. “Visa…

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