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May 2018 Farmers participating in the The R4 Rural Resilience Initiative will receive compensation totaling 1.5 million USD to cover weather-related crop losses in Ethiopia, Kenya, Malawi, Senegal and Zambia.
This amount will allow nearly 30 000 farming households to buy food, pay school fees for children and also invest part of the payment in seeds or fertilizers. Smallholders will be able to invest part of the money to start-up small family businesses.
The R4 initiative was launched by the World Food Program (WFP) and Oxfam America in 2011. It enables more than 57 000 African farmers considered vulnerable to increase their food security and their income against climate risks.
More news on:
- The African insurance market [4]