Nairobi — The Her Initiative, a Tanzanian organization that bets on women’s economic empowerment, has received Tsh560 million (Ksh27,678,161) from the King Baudouin Foundation Africa Prize to eliminate persisting barriers that hinder women’s economic empowerment in the region.
In a statement, the foundation stated that the funds would be fundamental in expanding the initiative’s program in Tanzania and East Africa to reach and elevate 100,000 more women over the next five years, especially in the field of technology.
Her Initiative will also be given an opportunity to connect with the King through the King Baudouin Foundation’s international network of non-profit organizations and development professionals so as to achieve this goal.”
Notably, Her Initiative aims to remove persisting barriers by leveraging the power of technology to advance digital inclusion among young women and girls,” the statement read.
According to Her Initiative’s founder and executive director, Lydia Charles Moyo, the funding will further be fundamental in pushing the campaign to eliminate gender-based violence, underage marriage, and HIV, which have posed major threats to women in Tanzania and beyond.
“We already support young women to build their financial resilience in six Tanzanian regions, but with the KBF Africa Prize we will be able to scale our work to help so many more women to achieve their dreams in Tanzania and beyond,” she stated.
According to KBF Prize Selection Committee Chair Bilikiss Adebiyi-Abiola, the partnership between the two parties will be fundamental in ensuring the advancement of women’s rights and financial independence in the region.
Source: allafrica.com
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.
Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).
Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.
While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.
“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”
Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.
Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.
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“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”
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On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.
He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:
At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.
There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.
Source: allafrica.com
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