Sub-Saharan Africa

17
Jul
Smallholder farmers in Sub-Saharan Africa are some of the most vulnerable to the effects of climate change and adverse weather events. Weather-based index insurance can help farmers become more resilient by giving them a tool to manage their risk, protect their investment, and maintain their livelihood. But the insurance industry in the region has been slow to develop these products, mostly because they lack the necessary technical skills and capacity; high-level training helps develop these skills to create new and innovative index-based insurance products in the regional market, which in
World Bank Group Approves Additional Funds for Zambia to Strengthen Climate Resilience
The World Bank Group has approved additional $14.6m IDA (loan and grant) financing for the Strengthening Climate Resilience (PPCR Phase II) Project that will help strengthen Zambia’s institutional framework for climate resilience and improve the adaptive capacity of vulnerable communities in the Barotse sub-basin of the Zambezi. The project is also expected to help integrate financial and technical services such as savings, micro-credit, and index insurance into the existing approaches to sustainable agriculture and climate resilience.
22
Jun
From April 17 to 20, the Strategic Alliance on Climate Risk Transfer Solutions facilitated two high-level executive training on index-based livestock insurance in Mombasa, Kenya. The goal was to reflect on the Kenya Livestock Insurance Program (KLIP) – a flagship program in agricultural insurance – and define next steps for further improvement and implementation on national and county level. The World Bank and the International Livestock Research Institute (ILRI) are also involved in the Program and the gained knowledge is openly shared for other programs and countries to use. The presentation
Remote Sensing for Index Insurance: An Overview of Findings and Lessons Learned for Smallholder Agriculture
Index insurance is a type of agricultural insurance that can serve smallholder agricultural development and risk management by protecting assets and encouraging productive investments. Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Data were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. This publication outlines the project, which investigated overcoming issues with ground
(C) FIDA
Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Data were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. This publication details the project, which investigated overcoming issues with ground data by testing innovative remote sensing methodologies. It describes the different remote sensing options and opportunities available for index insurance, but it also recommends further
Distributing Agri Micro-insurance in East Africa –Lessons Learned
ACRE Africa participated in 2018 Understanding Risk Forum in Mexico City in May 2018. Organized by the World Bank’s Global Facility for Disaster Reduction and Recovery (GFDRR) and partners every two years, the event provides organizations and individuals with the opportunity to exchange knowledge, highlight new activities and initiatives, establish new partnerships, and foster innovation in the field. As part of this year’s program, the Disaster Risk Financing and Insurance Program (DRFIP) and the Global Index Insurance Facility (GIIF) – both in the WBG’s Finance, Competitiveness & Innovation
After Low Rainfall, African Smallholder Farmers Get Payouts of US$1.5 Milllion
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 video discusses the development of weather index insurance in Senegal, including GIIF's and stakeholders' actions and involvement with index insurance in the country since its onset in 2009. The video is in French.
ACRE Africa Awarded Best Technological Startup for Innovations in Crop Insurance
ACRE Africa, a partner of the Global Index Insurance Facility and one of the pioneers of agriculture insurance in the African region, received the HEC-OCP Award for Best Technological Startup in the agriculture sector at the AfricaDays 2018 event. HEC Paris - Seed Project and OCP Africa recognized ACRE Africa as one of the startups that is shaping the future of agriculture while addressing the challenges due to climate change. Wairimu Muthike, ACRE Africa's Head of Business Development (image), was in France to accept the award. ACRE Africa offers technical support to the insurance and
Feasibility Study on Index Insurance in Côte d’Ivoire
On January 19, 2018, the International Finance Corporation (IFC) and the World Bank organized a workshop in Abidjan to present the results of a feasibility study on index-based agricultural insurance conducted in Côte d’Ivoire between the months of May and September 2017 by the Global Index Insurance Facility (GIIF). As part of the World Bank Group’s Climate Finance and Risk Management unit, GIIF facilitates access to finance for smallholder farmers, micro-entrepreneurs, and microfinance institutions through the provisions of catastrophic risk transfer solutions and index-based insurance in