News

Pastoralists enter safety zone with insurance cover

Failure to put in place mechanisms for compensating pastoralists in case of livstock losses is partly to blame for North Eastern province's high poverty index.

…Pastoralists will be compensated for loss of their animals from January after a livestock insurance product is launched in Kenya.

However, details of the exact amount of premium to be paid will depend on the insurance company that have agreed to partner with the International Livestock Research Institute (ILRI), the institution that developed the product.

ILRI will study satellite images on weather changes in North Eastern Province. In cases of severe drought or flooding that results in death livestock, farmers will be compensated.

“We have found that interest from households (in Marsabit where studies have been going on) was quite significant,” said Mr Mude.
Studies show that more than three million pastoralist households are regularly hit by severe drought. ILRI data shows that in the past 100 years, northern Kenya recorded 28 major droughts, four of which occurred in the last ten years.

“For livelihoods that rely solely or partly on livestock, the resulting high livestock mortality rate has devastating effects, rendering these pastoralists among the most vulnerable populations in Kenya,” said ILRI in the report.

Read more … (Business Daily)

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s