This six minute news video report from CNN is superb, it focuses on pilot programmes to extend micro-insurance schemes for some of Kenya’s smallest and poorest farmers in a country where the agricultural sector is at high risk from the effects of drought. Kenya is the largest economy in east Africa but less than 4% of Kenyans have access to insurance. Many do not understand the concept of insurance, others cannot afford it or choose not to take it out when there are school fees to pay (opportunity cost writ large).

These pilot schemes offer hope for the future but insurance on its own is no panecea. Savings and access to credit are of equal significance in reducing vulnerability to extreme weather events.

The micro-insurance programmes embed mobile technology - for example the Kilimo Salama programme — Swahili for ‘safe farming’ — launched in 2011 provides small-scale farmers in Kenya with crop insurance by combining mobile phone payment with the data from automated weather stations.Kilimo Salama uses data from these stations to calculate the severity of droughts — or excessive rainfall. Eligible farmers then receive payouts via their mobile phones.

More here: Kenya pastoralists get insured for losses

 

Featured
CPD courses

Teaching the New AQA A Level Economics

Get your teaching of the new AQA A Level Economics specification off to a flying start with this CPD course dedicated to the challenges and requirements of the AQA board. We'll explore ways to teach the new teaching content, the revised nature and methods of assessment and the challenges posed by the new linear structure for teaching & learning.

Learn more ›

Teaching & learning products

AQA A2 Economics Worked Answers (2014)

Exemplar A Grade answers to the ECON3 and ECON4 exam papers sat in June 2014

£5.00

Edexcel A2 Economics Worked Answers (2014)

Example A Grade answers to the Edexcel Unit 3 and Unit 4 exam papers sat in June 2014

£5.00