Confronted with a set of challenges that is threatening hard-earned development gains, the African continent remains resilient and endowed with rich creativity and innovation that has the potential to turn around food insecurity, generate jobs, promote trade, and create more prosperous livelihoods for its people. With more than 66 million people projected to experience food stress, emergency, or famine this year across Eastern and Southern Africa, it is imperative that we help unleash the potential of the agri-food sector to not only put an end to hunger, but to also establish economic prosperity across the region.
QUEEN Maxima of the Netherlands has expressed her satisfaction with the way the Agriculture and Climate Risk Enterprise Ltd (ACRE Africa) in Tanzania has enabled farmers to get crop compensation due to the drought crisis through 'Bima Pima'.
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FARMKENYA INITIATIVE
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By Nanjinia Wamuswa | January 9th 2021 at 01:00:00 GMT +0300
ZEP-RE CEO, Hope Murera (L) and George Kuria CEO of ACRE Africa (R) at ZEP-RE headquarters in Nairobi.
Millions of smallholder farmers in Kenya and other African countries will benefit from an agriculture insurance deal by two players in the industry. The deal was mooted following the move by Insurer ZEP-Re to acquire 56 per cent stake in Agriculture and Climate Risk Enterprise Ltd (Acre Africa).
ZEP-RE CEO Hope Murera said the deal will help smallholder farmers access affordable insurance solutions for their agricultural ventures.
“In Sub-Saharan Africa, more than 70 per cent of the population depends on agriculture for its livelihood. However, agricultural insurance, is rarely available to them. Where it exists, insurance covers a small segment of farmers. Smallholder farmers face numerous risks, especially related to changes in climate,” she said during the signing ceremony in Nairo