One year old Oromia Insurance Company (OIC) is to offer livestock insurance for farmers – a new service for Ethiopia.

The insurance company is also to introduce crop insurance for farmers selected from three farmer unions of Oromia Regional State. The Bureau of Oromia Cooperative Union has selected the companies based on agro-ecological practices.

OIC held an awareness creation event yesterday about the scheme for the first 80 farmers of Ambo Farmers Union, which is one of the 14 Oromia-based farmers unions that has a share at OIC and is expected to buy the policy.

Read more … (Capital, Ethiopia)