Kenya is faced with a serious drought issue. In an effort to mitigate the impact of this hazard, the country has developed several insurance plans, in association with international organizations, including one that is dedicated to cattle breeding insurance. Launched in October 2015, the latter is designed to cover 14 African countries that are exposed to drought.
The Kenyan government is also running an index insurance program designed for producers of maize and wheat. More than 950 farmers have already adhered to this coverage.
Since 1990, Kenya has sustained 12 periods of severe droughts. Nearly 4.8 million people would have been directly affected during each spell of drought. The average annual cost of damage caused by this hazard is estimated at 1.25 billion USD. Each drought shrinks the country’s GDP by 3.3% in annual average.
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