Livestock farmers in North Eastern Kenya will be compensated against loss of their animals from drought following the launch of an insurance product targeting the sector.

The compensation will ensure that pastoralists do not suffer losses when their livestock die from drought, disease or flooding.

To be known as Drought Insurance, the Index-Based Livestock Insurance (IBLI) scheme is a joint venture between Equity Bank, the International Livestock Research Institute (ILRI) and UAP Insurance company.

Read more … (Kenya Broadcasting Corporation)