Some 101 Muslim pastoralists on Tuesday received 5,800 U.S. dollar compensation for drought- induced losses suffered in Wajir County of northern Kenya. Continue reading
By James Kariuki March 27 2014 Business Daily Africa One hundred families in Wajir have been compensated for livestock deaths linked to drought by a sharia-compliant insurance company. The Sh500,000 payout is aimed lifting pastoralists out of subsistence cattle-keeping to a business where they shall stop selling cattle at throwaway prices to brokers during drought in … Continue reading
Susan Macmillan in ILRI News: March 30, 2014. Carbon based Climate Change Adaptation Today, for the first time in Africa, an insurance policy that combines an Islamic-compliant financial instrument with innovative use of satellite imagery is compensating Muslim pastoralists for drought-induced losses suffered in Kenya’s northeastern Wajir County, where livestock are valued at Ksh46 billion … Continue reading
In the last few years droughts have been increasingly severe in Kenya. During 2011 alone, livestock pastoralists lost on average a third of their animals due to severe drought. The International Livestock Research Institute (ILRI) has piloted a new way to protect them – livestock insurance using satellite technology… go to full document Continue reading
New index-based livestock insurance protects vegetation rather than animals. But can it generate trust within the community? Daniel Howden in Wajir theguardian.com, Friday 4 April 2014 11.20 BST It was almost inevitable that the day chosen to make the first drought insurance payments in Wajir, in the arid north-east of Kenya, would be the … Continue reading
A new insurance programme in northern Kenya is helping farmers protect their livelihoods in dry seasons. Farmers who contribute to the scheme will be given payments should their livestock die. The initiative has already been linked to 33 per cent drop in food aid needed in the area. Al Jazeera’s Caroline Malone reports. Watch the … Continue reading
Takaful Insurance will pay livestock farmers about Sh500,000 for losses incurred during the December to March dry season. The farmers, 30 women and 71 men from Wajir County, are the first to be compensated after they took up the Shariah compliant Index-Based Livestock Takaful (IBLT) cover in August 2013. Continue reading… By John Gachiri, Business daily … Continue reading
On 25 March 2014, one hundred and one pastoralists in Wajir town received compensation from their ‘sharia–compliant’ IBLI policy. The ceremony, which was hosted by Takaful Insurance of Africa and MercyCorps, received considerable media attention across a range of outlets, both national and international including the (BBC, Al-Jazeera, and The Economist to name a few). … Continue reading
Originally posted on ILRI news:
A boy and a woman struggle with the dusty wind looking for water in Wajir, Kenya (photo on Flickr by Jervis Sundays, Kenya Red Cross Society). Today, for the first time in Africa, an insurance policy that combines an Islamic-compliant financial instrument with innovative use of satellite imagery is compensating…
The work of the IBLI project is showcased in several news items: AlJazeera Inter Press Service Continue reading
Index-Based Livestock Insurance 