Insurance programme launched to support African women farmers

By professo

The African and Asian Resilience in Disaster Insurance Scheme (ARDIS) was launched on 18 January in order to help African and Asian farmers affected by climate disasters.

The scheme will target up to 4mn people, particularly focusing on women and their families, in areas of drought such as Kenya, Malawi, Mali, Zambia, and Cambodia.

VisionFund International, the microfinance subsidiary of the World Vision charity, and Global Parametrics, a venture supported by the British and German governments are leading the scheme.

“African and Asian countries are highly vulnerable to the effects of climate change and natural catastrophes,” stated Stefan Hirche, Board Chairman of InsuResilience Investment Fund, a financer of the insurance project.

SEE ALSO:

Those eligible for support from the programme will be clients of VisionFund, 80% of which are women.

VisionFund hase 690,000 families, or 4mn people as clients who could benefit.

During a drought, the levels of soil moisture are measured, and once bellow a certain level an injection of insurance funding will be triggered into VisionFund’s repository.

The funding will be financed by InsuResilience Investment Fund and Global Parametrics.

Share

Featured Articles

Dubai debate on Future of Cloud Security in the Middle East

Survey and roundtable on The Future of Cloud Security in the Middle East to examine cloud adoption and security readiness in the region

Saudi to rival Silicon Valley with US$9bn tech investments

Saudi Arabia announces US$9bn investments in future tech amid unprecedented growth in digital economy – Microsoft, Oracle, Huawei, Zoom all big spenders

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

Digital Strategy

PwC’s survey shows Middle East CEOs remain upbeat on growth

Leadership & Strategy

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy