West African insurance awareness campaign launched for farmers
Making Finance Work for Africa, 27 October 2011
A new regional index-based agricultural microinsurance platform was launched in Dakar, Senegal. The project, called Crop Insurance Sahel, will benefit 60,000 farmers over a period of five years in four West African countries: Senegal, Mali, Burkina Faso and Benin.
The project, the cost of which is estimated at USD 4.4 million, will also raise agricultural insurance's awareness for 165,000 players in the insurance sector.
Launched with the support of PlaNet Guarantee and the Global Index Insurance Facility (GIIF), this programme aims to reduce the fluctuation of income for West African farmers, fight for the deterioration of living conditions, secure agricultural finance mechanisms and contribute to the reduction of food insecurity.
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