Equity Bank and UAP will insure Kenyan herders against drought

Equity Bank Ltd. and UAP Insurance Ltd. will insure livestock in northern Kenya against starvation and are offering the first African insurance program that will use satellite images to predict drought.

The index-based product will initially be sold to herders of camels, cows, goats and sheep in Kenya’s arid Marsabit district, the Nairobi, Kenya-based International Livestock Research Institute, which helped develop the program, said in an e-mailed statement on 22 January.

Read more … (Bloomerg)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s