KAMPALA – The Management of the Rural Initiative for Poverty Alleviation (RIPA) has signed an MoU with the Uganda Agriculture Insurance Consortium (UIC) to provide a transformative shield against the devastating blow of livestock loss.
Thank you for reading this post, don't forget to subscribe!The signing of the Memorandum of Understanding ceremony was held at the UIC Headquarters in Kampala on Monday, marking a major milestone for thousands of vulnerable families who rely on farming for their daily bread.
Representing RIPA at the ceremony, Executive Vice Chairman Vincent Tumusiime Bamugaya confirmed that all beneficiaries who have received animals under the program will now access heavily subsidized insurance cover.
He added that under the terms of this groundbreaking partnership, the Government of Uganda will fund 50% of the premium cost, while the beneficiary contributes the remaining 50%.
The Program’s Director, Mrs. Rosebell Akiiki Tumusiime, said the biggest help for farmers comes when a covered animal dies, as they will be reimbursed up to 80% of its value at the time of the insurance.
“Losing a cow or goat is a big blow to a poor family. But with this new plan, the government pays half the cost, and if the animal dies, the farmer gets back 80 percent of its value. That means hope for our people,” stated Rosebell Akiiki.
She confirmed that the scheme initially applies exclusively to RIPA cows and goats, the core assets of the initiative. Officials confirmed it is designed for future expansion to cover crops, chickens, fish, and other product lines.
The Chief Executive Officer of the Uganda Agriculture Insurance Consortium (UIC), Mr. Munyaradzi Daka, assured beneficiaries that the claims process will be smooth and easy.
He added that the consortium is committed to a system that is clear, fast, and friendly to farmers, adding that this is not just insurance but a true promise of resilience.
“We promise our farmers that when disaster strikes, we will not keep them waiting. Our system is open, fast, and easy for farmers to use. This is more than an insurance policy. It is our promise to help them stand up again after loss,” assured Munyaradzi Daka.
With the agreement reached and signed, RIPA will immediately begin enrolling all existing cows and goats into the new insurance scheme so farmers can start enjoying protection without any delay.
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