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Kenya - Safaricom partners with insurance company.

Telecompaper Africa/Asia

| March 15, 2010 | COPYRIGHT 2008 Financial Times Ltd. (Hide copyright information)Copyright

Kenyan mobile operator Safaricom, has partnered with African insurer UAP to offer low-cost mobile phone payments and data systems to thousands of farmers in the region. The project is the first in the Eastern and Southern Africa region to use mobile phones to set up insurance contracts and issue payout to farmers using Safaricom's M-Pesa service, a mobile money transfer system. The data will be transmitted through Safaricom's national 3G network. The project, dubbed Kilimo Salama or safe farming, is also a partnership with the Syngenta Foundation for sustainable agriculture. It was conceived to offer farmers insurance policies to shield them from significant financial losses from …

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