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Insurance for Ethiopian herders aims to combat drought, conflict – TRFN

A new insurance scheme in Ethiopia, known as index-based livestock insurance, aims to reduce losses, support pastoral communities, and lower the risk of conflict sparked by pastoralists migrating into agricultural areas in search of forage or water. Continue reading

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Insuring the uninsured – IBLI and partners extend in Ethiopia

As the world of finance continues to evolve the need for insurance also is growing both in Ethiopia and around the world. However rural communities and especially pastoralist communities tended until recently to have been denied access to insurance among other reasons being their remoteness and lack of specialized insurance scheme for their community. But that’s about to change as Oromia Insurance Company Share Company (OIC) one of the newest entrants to the industry has embarked on covering this often neglected community starting with the Borena pastoralist community Continue reading

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Pastoralists in Kenya’s drought-stricken areas receive payouts for loss

By Fabian Mangera WAJIR (Xinhua)  Some 101 Muslim pastoralists on Tuesday received 5,800 U.S. dollar compensation for drought- induced losses suffered in Wajir County of northern Kenya. The pastoralists’ herds of sheep, goat, cattle and camels were insured in August 2013 by Takaful Insurance of Africa (TIA) with an Index-Based Livestock Insurance (IBLI) product, branded … Continue reading

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Insure my cows

A new kind of insurance may protect herders against drought Apr 19th 2014 | WAJIR | From the print edition The Economist AS WELL as a cheque for $700, a knowing look passed between Hassan Bashir and Bashir Mohamed, his 80-year-old father. A payment at a ceremony for herders in Wajir, a town near Kenya’s … Continue reading

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Insurance designed for Muslim herders makes first payout in Kenya

Source: Thomson Reuters Foundation – Fri, 4 Apr 2014 10:30 AM Author: Samuel Mintz LONDON (Thomson Reuters Foundation) – Researchers in Kenya have developed a pioneering insurance policy for nomadic Muslim livestock herders, which has now delivered its first payout to 101 farmers to compensate them for drought losses. The policy, which was purchased by … Continue reading

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Kenya: Insurance Designed for Muslim Herders Makes First Payout in Kenya

By Samuel Mintz, 4 April 2014 AlterNet London — Researchers in Kenya have developed a pioneering insurance policy for nomadic Muslim livestock herders, which has now delivered its first payout to 101 farmers to compensate them for drought losses. The policy, which was purchased by about 4,000 pastoralists in Northern Kenya, was developed by the … Continue reading