SunCulture and Turaco Partner to Launch Initiative to Safeguard Smallholder Farmers from Climate Risks
The program combines SunCulture’s innovative solar-powered irrigation systems with Turaco’s affordable insurance solutions to offer protection against the increasing challenges posed by climate change.
As climate-related extreme weather events grow more frequent and severe, millions of Africans face heightened health risks and economic instability.
Recognizing the need for effective risk mitigation strategies, SunCulture Protect provides health and life insurance coverage to smallholder farmers utilizing SunCulture’s pay-as-you-go (PAYG) irrigation systems.
The initiative ensures farmers and their families are financially protected from medical expenses and other unforeseen challenges linked to climate change.
Samir Ibrahim, CEO of SunCulture, expressed the company’s dedication to empowering smallholder farmers.
“Our mission has always been to help farmers grow more food and improve their livelihoods. This partnership with Turaco allows us to go further by offering financial security and peace of mind to our customers,” he stated.
Turaco CEO Ted Pantone highlighted the importance of accessible insurance in addressing the vulnerabilities exacerbated by climate change:
“By partnering with SunCulture, we can deliver essential coverage that protects livelihoods and fosters resilience among smallholder farmers,” Pantone remarked.
The joint effort seeks to promote financial security and well-being, equipping farmers with tools to adapt to the challenges of a changing climate.
Johannesburg’s digital bank, TymeBank, is close to securing $150 million in a Series D funding round, aiming to solidify its position as Africa’s fastest-growing player.
Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
Ethiopian electric vehicle (EV) startup Dodai has raised $4 million in its Series A funding round, marking a significant milestone for the company and the Ethiopian startup ecosystem.
© 2021 Empower Africa. All rights reserved.