Using data from satellite imagery, insurers can assess the impact of drought on the vegetation that livestock need to survive. Could this be a lifeline for Kenyan farmers? Continue reading
Insuring animals who range with semi-nomadic herders across some of the harshest terrain on earth had defeated all previous efforts. Eventually he came across the work of a Kenyan economist, Andrew Mude of the International Livestock Research Institute (ILRI), based in Nairobi. Mr Mude has developed an insurance model that uses satellite images to assess the impact of drought on the vegetation that camels, cows and goats need to survive. . . . Continue reading
Livestock market in Wajir, where Kenya’s remote, never-before-insured livestock herders are getting their first protection from drought (photo credit: ILRI/Riccardo Gangale). ‘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 same day the rains came. ‘Herders who lost sheep, cattle … Continue reading
Hassan Bashir is an astute entrepreneur, developing Africa’s first livestock insurance scheme to make payouts compliant with Islamic law, by bringing together Muslim scholars and number-crunching agricultural experts using NASA weather satellites. Continue reading
Shamsa Kosar, a beneficiary of Takaful livestock insurance payouts made in Wajir, northern Kenya, in March 2014. This novel insurance was made possible by an ILRI index-based livestock insurance research project in northern Kenya and southern Ethiopia (photo credit: ILRI/Riccardo Gangale). ‘Takaful Insurance will pay livestock farmers about Sh500,000 for losses incurred during the December … Continue reading
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