The Empower Africa Business Platform is Now Live !!!
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.

The International Finance Corporation (IFC), Proparco, and Helios Sports and Entertainment Group have announced a strategic partnership to drive growth in Africa’s sports and entertainment sector.

South African venture capital firm Holocene has announced the final close of Holocene Ventures Fund I (HVF1).

The European Investment Bank’s development branch, EIB Global, and Kenya’s Family Bank have announced a major partnership to provide €100 million (approximately KES 14.7 billion) in funding to support small and medium-sized businesses (SMEs) in Kenya.