IFC Climate Insurance AgTech in Africa: How Advisory and Investment Services are Building the Sector

IFC Climate Insurance AgTech in Africa: How Advisory and Investment Services are Building the Sector

The document provides an extensive overview of the collaborative efforts between the Advisory and Investment teams at IFC, emphasizing their support for innovative agricultural insurance initiatives in developing countries. It delves into the transformative impact of these initiatives, beginning with the initial backing of Kilimo Salama in Kenya, followed by the scaling-up phase and IFC's 2024 investment in Pula. Through interviews with key figures like Florence P. Boupda, Fatou Assah, and Zeeshan Vazeer, the document highlights the strategic role of advisory services in identifying clients not initially ready for investment but who could benefit from such services until they are prepared. Moreover, it underscores the strategic objectives of the Financial Institutions Group in bolstering food security and diversifying the insurtech portfolio in the region. Click on the PDF to access all the information.