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Poor rainfall in parts of Africa has triggered the largest insurance payout to date for smallholder farmers under the R4 Rural Resilience Initiative (R4), a program launched by the World Food Programme (WFP) and Oxfam America in 2011. African farmers will receive insurance payments totaling US$1.5 million to compensate for weather-related crop losses in Ethiopia, Kenya, Malawi, Senegal, and Zambia, Reliefweb reports , according to a WFP press release.
The core objective of the project was to build the resilience of food-insecure smallholders through an integrated risk management approach which includes weather index insurance, assets creation , credit and savings interventions, and climate services.
Drought Insurance for Farmers in Malawi Presented to the conference for Insurance and reinsurance for Natural catastrophes, Morocco,November 2006 -Chris Kapanga