One of the International Livestock Research Institute’s (ILRI’s) major success stories in recent years has been the development of an index-based livestock insurance program (IBLI), which protects livestock keepers in drought-prone arid and semi-arid lands from climate-related losses.
For your viewing and listening pleasure, here are two short video ‘stories’ by two great agricultural-research-for-development storytellers.
Kenya President Uhuru Kenyatta addressed the 400 guests at the national conference of the Feed the Future Kenya Accelerating Value Chain Development project at ILRI on 27 Apr 2018.
More than 2,250 pastoralists received insurance payouts following the extremely poor rains this year in southern Ethiopia. Low levels of rainfall have led to the loss of approximately 300,000 livestock in 2017 in the Borana zone of the southern Oromia region. The insurance payouts of more than ETB5.233 million (USD220,000) was the largest-ever micro-insurance indemnity made in Ethiopia. Each insured pastoralist received an average of ETB2,255 (USD96), which will allow the herders to purchase feeds for their surviving animals and to restock their herds.
ILRI’s Index Based Livestock Insurance (IBLI) program and Takaful Insurance of Africa are this year’s winners of the prestigious Insurance Innovations Award 2017. The announcement was made at the African Reinsurance Corporation (Africa Re)’s Insurance Awards gala dinner held on Monday 22 May 2017, at the Serena Kigo Hotel, in Kampala, Uganda.