Business Partnership Facility

An impactful insurance solution for breeders facing climate-change risks

• Niger
• 2019
• Completed

Challenge

In Niger, breeders are facing increasingly frequent droughts caused by climate change. Consequently, their sources of income and food are under constant threat.

Innovative solution

In partnership with the West African Breeders Network, IBISA tested its satellite data-based insurance solution in an initial African market. In the event of adverse weather conditions, local insurance companies, clients of IBISA, can assess satellite data to determine damages and initiate a digitized, rapid, and cost-effective claims process.

Impact

• Access to an insurance product for breeders, reducing their risks linked to climatic hasards
• 1,000 breeders insured in Senegal, with the deployment of IBISA’s solution in this country, and ongoing expansion into Ghana

Targeted Sustainable Development Goals

• 
  1,000 breeders are insured in Senegal, allowing them to build a safety net against meteorological risks and thus break the cycle of poverty that generally keeps them trapped.
• 
  IBISA’s data enables breeders to invest more effectively, thereby stimulating local food production.
• 
  Protecting breeders against risks improves their ability to access credit from banks or microfinance institutions.
• 
  IBISA mitigates financial losses related to climate hazards and strengthens breeders’ resilience.

Latest news about the project

News

• Business Partnership Facility

  
  Oct. 2024

  BPF Event – Inspiring and Connecting Changemakers in Luxembourg!

  On 14 October 2024, over 100 people gathered at the House of Startups for a vibrant BPF event filled with inspiration, discoveries, and opportunities to meet pioneers of business innovation.
• Business Partnership Facility

  
  Sep. 2024

  Innovation for impact: How the BPF is fueling RSS-Hydro’s success in Africa

  Big news! The Business Partnership Facility Luxembourg and RSS-Hydro’s groundbreaking project in Niger are featured in Paperjam!
• Business Partnership Facility

  
  Sep. 2024

  Launch of the 12th edition of the BPF: Business partnerships for sustainable development

  Does your company hold expertise or technology with a large social or environmental impact potential? Looking to test your solution through a pilot project or to introduce it to new markets? Apply to the Business Partnership Facility (BPF) to develop new sustainable development projects abroad.
• LuxAid Challenge Fund

  
  Nov. 2023

  First LuxAid Challenge Fund call for projects launched in the Sahel!

  Co-financing opportunities : Young companies in Burkina Faso, Mali and Senegal, on your marks! The Luxembourg Development Cooperation is launching a call for projects to accelerate innovation in distance learning and food safety. Get up to €140,000 in support!
• LuxAid Demonstration Fund

  
  Feb. 2024

  Recap: Rwanda’s very first LuxAid Demonstration Fund 

  Rwanda hosted the first edition of the LuxAid Demonstration Fund. Spotlight on promising initiatives to keep an eye on!