Business

Leadway Assurance Calls for Stronger Climate Risk Solutions to Protect Africa’s Food Systems

Published

1 month ago

September 28, 2026

Leadway Assurance Limited has advocated for stronger climate risk solutions to safeguard Africa’s food systems at the ninth edition of Agriculture Summit Africa (ASA)2026, convened by Sterling Bank.

The summit focused on improving food production, financing, processing , technology, trade, and policies to help Africa build stronger value chains, create jobs, strengthen intra-African trade, and become a stronger global food power.

These objectives align with Leadway’s commitment to strengthening the agricultural sector by providing risk protection for farmers, agribusinesses and investments across the agricultural value chain.

Speaking during a panel session titled “Climate Risk Management for Sustainability: Future-Proofing Africa’s FoodSystem,” Ayoola Fatona, Global Head, Agricultural Risk Solutions, Leadway Assurance, highlighted affordability and the trust deficit as two key barriers to insurance adoption among smallholder farmers. “At Leadway, we have sought to addressthese challenges by building partnerships with organisations thatshare our commitment to advancing the livelihoods ofsmallholder farmers and strengthening their resilience toclimate-related risks. Through these collaborations, we have been able to mobilise funding to pre-finance insurancepremiums, ensuring that farmers have the protection they need inplace from the outset of the planting season, when their risk exposure is at its highest.”

“In the 2025 wet season alone, our partnerships enaabled us to mobilise over US$1.2 million to provide insurance coverage formore than 400,000 farmers, and we are continuing to build onthat progress. Beyond affordability, we recognise that trust mustbe earned through action. That is why we remain committed to ensuring constant and rapid payouts, no matter how large,whenever insured events occur,” he added.

Considering the practical challenges of reaching farmers,particularly in communities affected by insecurity, Leadway is leveraging remote sensing and other technology-enabled solutions to assess farms virtually, understand their structure and farming practices, and maintain engagement with farmersdespite access constraints. Through its participation inAgriculture Summit Africa 2026, Leadway Assurance isreinforcing its commitment to advancing insurance solutions that protect agricultural investments, strengthen farmer resilience,and support the sustainable development of the agriculture sector.

The ninth edition of Agriculture Summit Africa 2026, themed“Building the Next Super Power: Africa’s Food Power Play,”held on 15–16 September 2026 at the Transcorp Hilton

Hotel, Abuja, brought together key stakeholders across Africa’s agricultural sector, including representatives from government, agribusiness, insurance, finance, technology, research, and farming, to strategies on moving the continent from food to food sovereignty

The post Leadway Assurance Calls for Stronger Climate Risk Solutions to Protect Africa’s Food Systems appeared first on Business Today NG.

Related Topics:Africas Assurance Calls Climate food Leadway protect risk solutions Stronger systems

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Leadway PFA Named Most Outstanding PFA Brand of the Year at 2026 Brandcom Awards

Published

8 hours ago

November 10, 2026

PlateauReports

Leadway PFA has been named Most Outstanding PFA Brand of the Year at the 2026 Brandcom Awards, earning recognition from Nigeria’s marketing communications industry for its brand strength and standing in the pension administration sector.

The award comes as Leadway PFA continues to strengthen its position in Nigeria’s pension industry, managing over ₦3 trillion in assets for more than 1.2 million Retirement Savings Account (RSA) holders. The company draws on over two decades of experience in pension administration and fund management.

Commenting on the recognition, Olusakin Labeodan, MD/Chief Executive Officer of Leadway PFA, said, “The pension industry is built on a long-term trust. Every contribution represents an individual’s effort to secure a more comfortable future. As a pension administrator, we have a responsibility to protect that trust through sound fund management, quality service and meaningful engagement with our contributors.

“Being recognized by the marketing communications industry is particularly encouraging. It reflects how our brand is perceived beyond the services we provide and reinforces the importance of building a pension brand on trust, consistency and the quality of our customer relationships. We appreciate this recognition and remain committed to improving the experience of our contributors and raising the standard of service we provide.

The recognition further reinforces Leadway PFA’s commitment to improving the contributor experience through enhanced digital pension services, responsive customer support and clearer communication on retirement planning. These efforts reflect the company’s continued focus on making pension services more accessible and helping Nigerians make informed decisions about their financial future.

The 2026 Brandcom Awards ceremony took place at the Landmark Event Centre in Lagos, following Brandcomfest, which explored the theme “Brand Building, Consumer Connection and Disruptive Realities.” Organised by Brand Communicator, the Brandcom Awards recognise brands, agencies, organisations and professionals across the marketing communications industry, with assessments centred on prestige, integrity and credibility.

Business

Access Holdings mulls exit from foreign subsidiary to meet CBN rule – Report

Published

16 hours ago

November 9, 2026

PlateauReports

Access Holdings is considering exiting at least one market outside its base in Nigeria to comply with a Central Bank of Nigeria (CBN) rule requiring lenders to limit investment in foreign subsidiaries to no more than one-tenth of shareholders’ funds.

The banking group mentioned one business in which it plans to offload its stake to meet the requirement, Bloomberg reported on Monday, citing Chairman Aigboje Aig-Imoukhuede.

“If a subsidiary cannot meet its cost of capital and the strategic objectives for which it is set up, you should be ready to take a decision to exit,” Mr Aig-Imoukhuede was quoted as saying at an African Financial Industry Summit in Luanda, Angola, last week.

“Do we have one or two troublesome subsidiaries? I can think of one.”

Investment in subsidiaries for Nigeria’s biggest bank by assets stood at N446.6 billion at the end of September, equivalent to 19.3 per cent of its equity, according to Access Holdings’ 9M 2026 Investor Presentation.

That was roughly double the 10 per cent ceiling permitted by the Banks and Other Financial Institutions Act (BOFIA) 2020.

Only in cases of regulatory approval for a higher threshold from the CBN are lenders allowed to exceed that limit, the Act says.

The banking industry watchdog has given Access Holdings 12 months to address the issue.

The potential exit is part of the financial institution’s move to review its international operations to comply with the directive.

In June, Access Bank’s chief executive, Roosevelt Ogbonna, said the lender would reduce its shareholding in some of its foreign subsidiaries to achieve compliance.

According to Innocent Ike, CEO of Access Holdings, the lender will explore three strategies towards that end.

The options include recalling surplus capital from overseas subsidiaries, offloading minority stakes and restructuring some businesses, he said.

He added that the group has already completed one capital repatriation exercise involving its six targeted subsidiaries, and is engaging regulators in five countries to facilitate the return of excess capital to Nigeria.

Access Holdings plans to meet the regulatory requirement ahead of the March 2027 deadline, Mr Ike stated.

READ ALSO: Access Holdings’ nine-month profit jumps 6% to N474.2 billion

“We gave ourselves up till January next year, and I think we’re completing this ahead of schedule,” said Mr Aig-Imoukhuede.

The Access Holdings’ chairman said the group’s international portfolio remains fundamentally strong despite plans to sell interests in some international subsidiaries.

He noted that the group would continue to review the performance of its subsidiaries to ensure they generate sustainable returns and remain aligned with the strategic objectives for which they were established.

“You have to do dynamic portfolio management. Every year, you’re looking for ways to improve,” he said.

Access Bank sold its 97 per cent stake in its loss-making Ivorian subsidiary to Cameroon’s Afriland First Group SA for $1 million in January 2014, after the CBN restricted parent-bank capital for foreign subsidiaries.