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Kenya’s Insurtech Startup Pula Reaches 120,000 Ethiopian Farmers, Totaling One Billion Birr in Coverage

Executives at the Kenyan Insurtech provider Pula have announced the insurance coverage of over 120,000 Ethiopian farmers against climate disasters, totaling one billion birr (18 million dollars) in insured sums.

“I am delighted to announce the launch of the Largest Crop Insurance in Ethiopia, with a total sum insured of ETB 1 Billion, protecting 122,000 teff and wheat farmers in the Amhara region,” wrote Dagmawi Haileyesus Pula Country Project Manager on LinkedIn.

Pula is a Kenya-based agricultural insurance and technology company specializing in innovative agricultural insurance and digital products designed to assist smallholder farmers. The first phase of its Area Yield Index (AYII) Insurance product for Ethiopian farmers was launched a few months ago.

The insurance product provided by Pula safeguards farmers’ investments, particularly in fertilizers, ensuring they have financial resources available to purchase essential agricultural supplies for the ne…

Lersha Partners with ATI to Scale One-Stop Digital Shop to One Million Farmers

Agritech startup Lersha has partnered with the Ethiopian Agricultural Transformation Institute (ATI) to expand its comprehensive digital solutions for smallholder farmers, with the goal of reaching one million farmers.

The partnership, which also aims to create digital profiles for these one million farmers, seeks to establish a framework that will pave the way for the efficient and seamless development and distribution of various digital agricultural services that target smallholder farmers across diverse value chains and commodities.

The two entities formalized their collaboration yesterday August 28, 2023, by signing a Memorandum of Understanding (MoU). The partnership will span a three-year period until 2026, encompassing six regions, Amhara, Oromia, Somalia, Tigray, SNNPR, and Sidama.

This geographic scope includes the potential incorporation of 150 Farmer Production Clusters woredas into the program. These Farmer Production Clusters involve groups of …

Kifiya Scales up Insurtech Product for Farmers

Kifiya Financial Technology, along with Oromia Insurance Company and Agriculture Transformation Insititute (ATI), have scaled up their micro-insurance product that protects farmers from shocks caused by drought.

The product, Vegetation Index Crop Insurance (VICI), first launched in 2016, extended its program for two more years after winning a 2-million euro co-funding grant from the InsuResilience Solutions Fund (ISF).

Scaling up the VICI project will provide micro-insurance to 50,000 smallholder farmers in Oromia and Southern National and Nationalities Regional (SNNP) States to enhance their climate resilience.

For many farmers, especially smallholder farmers in rainfed systems, their...

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