Key Developments
SunCulture and Turaco Partner to Launch Initiative to Safeguard Smallholder Farmers from Climate Risks
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Tanzanian Fintech NALA Secures $40 Million in Series A Funding to Expand Services
Tanzanian fintech startup NALA has secured $40 million in a Series A funding round, one of the largest of its kind in Africa according to TechCrunch.
EIB Global Invests €25 Million in Amethis Fund III to Empower African Businesses
The European Investment Bank’s (EIB) global development arm, EIB Global, has committed €25 million to Amethis Fund III, a pan-African private equity fund.
Egypt-Based Micromobility Startup Rabbit Mobility Raises $1.3 Million to Drive Expansion in North Africa
Egypt-based micromobility startup Rabbit Mobility has successfully secured $1.3 million in a fresh investment round aimed at accelerating its expansion across Egypt and North Africa.