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Akinwunmi Adesina, president of the African Development Bank, has said that the continent needs urgent global assistance to meet the cost of insurance to cover climate change induced catastrophes, Business Day reports. "Africa has developed an effective mechanism, the Africa Risk Capacity Insurance to help countries cope with extreme weather events through insurance for catastrophic events, but the insurance premiums are not cheap and this has continued to discourage African countries from insuring themselves against rising catastrophic risks," said Mr. Adesina