These African financiers are closing the gap between risk and resilience
By Ayenat Mersie // 16 October 2025
As global aid budgets tighten and the cost of climate disasters rises, development finance leaders are increasingly looking to tools that can protect vulnerable communities before crises strike.
Across Africa, regional banks and insurers are developing new financial models that merge credit, insurance, and local capital to build resilience in cost-effective ways.
That shift was the focus of a conversation between Serge Ekué, president of the West African Development Bank, and Hope Murera, CEO of reinsurer Zep-Re, at Devex Impact House during the World Bank and IMF Annual Meetings in Washington, D.C.
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About the author
Ayenat Mersie
Ayenat Mersie is a Global Development Reporter for Devex. Previously, she worked as a freelance journalist for publications such as National Geographic and Foreign Policy and as an East Africa correspondent for Reuters.
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