Weather affects everything. It is both an essential resource and a significant risk factor for life on Earth. What’s more, weather is one of the most unpredictable aspects of human existence, yet we have no choice but to try our hand at predicting it. After all, our very lives depend on our having ample supplies of foodstuffs that are themselves dependent on adequate precipitation, growing seasons and so forth. Weather is no small matter. Many businesses are directly or indirectly linked with weather conditions. For instance, agriculture relies on perfect weather forecasting for when to plant, irrigate and harvest.
Farmers are highly vulnerable to weather shocks, particularly in Africa, where there is a high reliance on rain-fed agriculture. It is therefore unsurprising that much attention has been paid to developing climate risk management tools for farmers to mitigate and transfer the risk of weather shocks such as drought and flood. Small farms are vulnerable to climate risk, but most smallholder farmers around the world don’t have access to insurance and other financial tools to manage fluctuations in climate.
Insurance is one way to increase resiliency to climate shocks, but not only in the way you might think. There’s a subtler benefit to agriculture insurance, and one that is essential for adapting our food systems to a changing climate: when farmers feel financially secure, they’re more likely to take productive risks. In the decades to come, we can expect increasingly difficult growing seasons for farmers, and so taking advantage of good years will become more and more important – for both our food supply and farmers’ livelihoods. In recent years, agricultural insurance has become part research Actuarial Science program, particularly weather index-based insurance (WII). The interesting aspect has been that, rather than compensating observed damage, compensation in WII is determined on the basis of an independent index (such as the cumulative precipitation falling in a certain window of time or the average yield over a district).
The agriculture insurance, called weather index insurance, will provide a way to fill the insurance gap by basing payouts on weather and satellite data instead of expensive site visits from claims adjusters. This will be an addition to already developed Livestock indexed based insurance by ILRI researchers. The indexed based crop insurance will protect farmers against financial risks posed by extreme weather events, and has been widely advocated as a tool to help farmer households to escape poverty traps and invest in climate-smart high-productivity agriculture. Over the past decade there has been great deal of effort placed into index insurance–that may have the potential to reach these farmers. Unlike more traditional forms of insurance, which require individual verification of losses, index insurance works by providing payouts when a measurable index flags a major problem that the farmers face, such as a widespread drought or flood. In theory, this should allow insurance coverage to reach many more farmers
Index insurance is innovative, but can it reach a critical mass using Satelitte data provided by TWIGA?
Transforming Weather Information Growth In Africa – TWIGA is a 4-year project (2018 – 2021) under EU Horizon2020 aimed to transform weather water data into value-added information services.
Satellite data provide by TWIGA will give index insurance the scaling power needed to reach all the small scale farmers across Africa.
A Kenyan Insurance sector stakeholders workshop will be held this first quarter of 2019 to address the challenges available in implementing weather indexed based insurance. The theme of the workshop will be: Index insurance is innovative, but can it reach a critical mass using Satelitte data provided by TWIGA? This could be the start of touching the livelihoods of millions of smallholder farmers across the African continent that are under threat from extreme weather events, such as droughts and floods with risks projected to increase significantly in future years due to climate change.
Developers require the ability to easily combine weather functionality, including forecast and observational data, with numerous data and application services to build advanced web and mobile applications that leverage cognitive capabilities, analytics, mobile and IoT services without wasting cycles installing or managing software and deploying hardware.
In conclusion, remotely sensed data can be used to extend weather index insurance to millions of farmers in Africa and beyond—potentially mitigating their exposure to climate-related risk. On the other hand, inappropriate use of these data could cause great harm. This workshop enabled key players in the weather index insurance industry to engage directly with data providers and scientists. As a result, data providers now have a clearer idea of the ways in which their products are being used. The insurance industry, moreover, has a better understanding of both the opportunities and pitfalls of using remotely sensed data. Following the success of this workshop, the participants agreed that deeper engagement between data providers, scientists, and the weather index insurance industry would be of benefit to all parties. Further workshops, projects, and collaborations are planned to focus on the intelligence and Analytics platform is powered by AI techniques that leverage real-time weather feeds and historical data. This will consider GIS analytics where the following will be the main focus: Live weather feeds from different locations (Latitude/Longitude); Temperature, water level, wind and other sensors continuously transmitting data; Historical weather data publicly available; Weather maps (precipitations, clouds, pressure, temperature, wind, weather stations).
The project aims to achieve the following benefits to the Kenya and Africa as a whole ;
- Farmers get warned earlier of what the weather will be like for that particular month.
- Help farmers to take appropriate precautions to stay safe in case of unwanted occurrences.
- With forecasting methods, farmers can get better outcomes with the help of accurate predictions. Hence farmers will be able to plan the planting as per water supplies.
A delegation of Ricoh Company Limited executives, including CEO Yoshinori Yamashita, met with @iLabAfrica department heads and director Joseph Sevilla on Wednesday 15th September to discuss partnership between Ricoh and @iLabAfrica.
Ricoh a Japanese imaging and electronics company with a worldwide influence on technology and industry visited @iLabAfrica to understand opportunities available in Kenya and Africa with the hopes of establishing a foundation for sustainable growth on the continent. The multinational has a worldwide workforce of approximately 97,000 employees and a turnover of over 2 billion Yen.
Part of Ricoh’s Sustainable Development Goals strategy is its policy of leveraging the strengths of manufacturing technology to make breakthroughs in technology and industry. A primary actuator of this endeavour is the company’s strong commitment to leading research and development across multiple markets around the world. Ricoh has technology and customer research groups in roughly 200 countries across the world and sees investment in Kenya as a gateway to connecting East, Central and South Africa to its expansive network.
Ricoh already has presence in the East African market through its ubiquitous imaging and printing devices, and through its partnership with The Copycat Limited—Ricoh’s authorised service provider in the region. The Copycat Limited is also a partner of @iLabAfrica and this connection made the meeting between Ricoh Co. Ltd and @iLabAfrica possible.
David Mills, CEO of Ricoh’s operations in Europe, the Middle East and Africa, expressed the company’s desire to digitise workspaces in Africa through partners such as The Copycat Limited. @iLabAfrica Director Joseph Sevilla pointed to the challenge-based learning programme that @iBizAfrica has recently launched. These programme is developed to have small teams of tech-centric entrepreneurs working on specific organisation challenges using the resources, networks and mentors that are available in the @iBizAfrica learning space.
A partnership between Ricoh and @iLabAfrica could assist entrepreneurs and developers, introduce novel solutions for the East African, Japanese, and global markets. Ricoh’s expertise in printing and imaging technology could be a springboard for innovations in 3D and textile printing such as the ongoing Fundamentals of IoT and 3D Printing Course run by @iBizAfrica in partnership with Kuunda 3D.
Standard Chartered in partnership with @iLabAfrica this week launched the start off a search for a second cohort of women-led technology startups which will see five entrepreneurs win Sh1 million each.
The Standard Chartered Women in Technology Incubator Kenya is Africa’s leading women in tech incubator, aligning with calls for more diversity in technology and for more opportunities for women to develop entrepreneurial and leadership excellence.
Through the Women in Tech Incubator, 10 businesses will benefit from mentorship and seed funding.
The program combines world class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program focusing on immersive learning, mentorship, building and growing Africa’s next iconic startups taking on the continent’s most relevant challenges and opportunities.
Shortlisted start-ups will be selected to go through a 12-week incubation period after which five will win Sh1 million.
“The Women In Tech Incubator programme will help identify, grow and bring to the market unique business ideas and change the fortunes of women entrepreneurs and business owners in Kenya,” said Public Services, Youth and Gender Affairs Cabinet Secretary Margaret Kobia while speaking during the launch on Monday.
Last year, the five businesses which received seed funding were solar cooler company Maziwa Plus, e-commerce platform Heri Online, insurance information app Bismart, career solutions hub Zydii and Africa Solutions.
Some of the winners have gone on to attract funding from local and international investors to scale up their businesses.
How to APPLY
- be a woman
- be the CEO with equal or majority ownership in the company
- 18 and above
- of Kenyan nationality
- Three months incubation at Strathmore University’s leading businss and innovation incubator
- Mentorship from world class mentors
- Coaching by top business, technology and legal professionals
- Immersive, world-class entrepreneurship curriculum
- Networking and exposure to expand your business networks
- USD 10,000 or KES 1,000,000 equity-free grant seed funding for the top 5 winners
- 9 months ongoing support from Standard Chartered and @iBizAfrica to assist with go-to market and scale.
- Participants must be physically available to attend the program over the three months incubation
- Participant accommodation costs are not catered for
For more information Click here
To Apply click here
Kids holiday boot camp – Developing the future
For the last two weeks @iLabAfrica has held a 2 week kids holiday boot camp for over 30 children from various schools around Kenya as they prepare to resume back to school.
The kids holiday bootcamp, in partnership with digikids, is a two week per school holiday training for children between the ages of 5 and 17 years old in Information Technology and related areas such as robotics and electronics, web design, and web security. The training is hosted by iLAB and based in Strathmore University.
With a rapid rise in the use of and development of technology, there is a corresponding need to gain an understanding in IT from a young age. Started in 2014, the programme sought to address this need and build basic skills and besides this, takes into consideration other factors such as the existing curriculum of the students in which they need more practice, skills or training as well as the need in existing job markets for an understanding of IT. The programme also provides an excellent background for those who wish to study IT further in university and creates a curiosity in IT and provides young children with a creative outlet to learn and develop their interests.
The training divides the children into three age grades, 5-9, 10-12 and 13-17 and teaches them based on their existing skill and knowledge while maintaining the same overall content. The younger students learn by pre-programmed mechanisms while the older students are encouraged to develop and design their own code and have a larger overall project that demonstrates their progress in the programme.
This holiday boot camp enables the students enjoy an enabling environment and are provided with ample computer time to pursue interests outside the curriculum, under the supervision of their instructors. Shiro, a class four student in the programme mentioned that she particularly enjoys the facilities and making new friends as she has an interest in learning how to create a webpage and advertise products as well as enable her to produce better schoolwork.
For more information on the course kindly visit www.ilabafrica.ac.ke or contact Sharon on Email: firstname.lastname@example.org Phone number: 0729876680
HACKING INCLUSION THROUGH FINANCIAL INNOVATION AND PRINCIPLED ENTREPRENEURSHIP
@iBizAfrica and Legatum Center for Development and Entrepreneurship at MIT (MIT Legatum Center) is pleased to be hosting the 2018 Open Mic Africa Summit. The theme of the 2018 Summit is “Hacking Inclusion Through Financial Innovation And Principled Entrepreneurship.” Supported by Strathmore University’s iBiz Africa and Go Gaga.
The Open Mic Africa Summit is an annual two-day summer event that is produced by the
Legatum Center for Development and Entrepreneurship at MIT (MIT Legatum Center) and that brings together leaders from the MIT and the African entrepreneurship communities to celebrate Africa’s vibrant and rising entrepreneurial scene. The event takes place on a different African country every year: the 2017 inaugural edition took place in Lagos, Nigeria, and the 2018 edition will take place in Nairobi on August 28th-29th .
The event will serve as the award ceremony for the Zambezi Prize for Innovation in Financial Inclusion, MIT’s flagship competition on financial inclusion in Africa. The event will also unveil and celebrate the winners of the African region of the MIT Inclusive Innovation Challenge (IIC). The event will kick off on the evening August 28th with an exclusive VIP reception at Radisson Blu Nairobi with government officials, university scholars, investors and the MIT alumni community.he reception is followed by a full day conference at Strathmore University on August 29th that is open to all local
entrepreneurs, students, investors,
The goal of the event is to inspire, celebrate and honor the local entrepreneurial ecosystem through principled entrepreneurship, engage MIT’s African community and a create meaningful dialogue among all stakeholders. The event consists of a VIP networking cocktail evening reception for the MIT alumni community and selected leaders and entrepreneurs, followed by a full day conference that is open to all local entrepreneurs, students, investors, change agents and stakeholders who believe in improving lives through principled entrepreneurship. The conference features entrepreneurial keynote speeches, vision talks, fireside chats and MIT workshops led by MIT’s leading Entrepreneurs-In-Residence.
This year, the agenda includes vision talks by previous Zambezi finalists; fireside chats and speeches led by MIT faculty; a discussion on building an inclusive ecosystem in Kenya; and an MIT workshop that provides a hands-on approach to addressing some of the main challenges to financial inclusion. The winners of the Zambezi and IIC competitions will have an opportunity to attend an MIT faculty-led leadership boot camp on campus in late November.
Collaboration Opportunity with Strathmore University – @iBizAfrica
The Legatum Center seeks to to collaborate with@iBizAfricato host the August 29th conference of the Open Mic Africa (OMA) Summit on Strathmore’s campus and to make the conference available to Strathmore’s students and to the local entrepreneurial community.
The OMA Summit will strengthen the collaboration between @iBizAfrica and the MIT Legatum Center while providing local and international stakeholders with a forum to network and to interact with MIT leaders and with Africa’s leading entrepreneurs who are working on advancing financial inclusion through principled entrepreneurship.
The Summit agenda includes vision talks by previous Zambezi finalists; fireside chats
and speeches led by former MIT students; a discussion on building an inclusive ecosystem in Kenya with Ms. Sarah-Jane Maxed, Executive Director of the MIT Regional Entrepreneurship Acceleration Program (REAP); and an MIT workshop led by Dr. Anjali Sastri, Faculty Advisor of the MIT Legatum Center.
For more information, Click here or contact Funke Michaels on email@example.com or Linda Kwamboka on firstname.lastname@example.org
Nairobi Tech Week is Back!
iBizAfrica together with Moringa School is excited to host the 3rd Edition of Nairobi Tech Week, Sub Saharan Africa’s largest tech event, whose aim is to bring all actors and influencers in the tech ecosystem in one space, fostering conversations and learning around various relevant technology-related topics.
The event will be taking place from Thursday 19th April to Saturday 21st April 2018 at iBizAfrica, Strathmore University. This year’s theme will be “The Role of Technology in Problem Solving for Africa’s Future.”
Nairobi Tech Week presents a 3-day event packed with panel discussions, workshops and a hackathon with incredible prizes to be won.
“Our aim is to launch a community-driven tech event focused on developers, thought leaders within the tech space as well as the best innovations in Sub Saharan Africa” says Sandra Mukidza, NTW’s main event organiser.
For the first time, Nairobi Tech Week will host Nairobi Tech week Awards, in a bid to recognise companies playing influential roles and driving impact within Silicon Savannah.
The title sponsor this year is Microsoft , other sponsors include Visa, Facebook, Safaricom JUMO, Github, Liquid Telecom, Google and iBiz Africa-Strathmore University.
Several key organisations have come forward to partner with Nairobi Tech Week; iHub, Africa’s Talking, Swahili Box, AngelHack, M-Power, CBO and Metta. In previous years Nairobi Tech Week has had global title sponsors like Facebook and Twitter
Applications for Nairobi Tech Week opened on March 19th 2018 as well as nominations for the Tech Week Awards.
For more information contact Bernard on email@example.com
@iLabAfrica will hold an info session about Innovation Prize Africa on 4th September 2014. The Innovation Prize Africa (IPA) is an initiative of the African Innovation Foundation (AIF) started in 2011. IPA honours and encourages innovative achievements that contribute toward developing new products, increasing efficiency or saving cost in Africa.
The info session will be conducted by Robinson Esialimba the IPA process manager. Applications are currently open for IPA 2015. The deadline for application is 31st October 2014.
Up to 150, 000 USD will be awarded to innovators who develop applications with:
- Best innovation based on marketability, originality, scalability, social impact, scientific/technical aspect and clear business potential.
- Best commercial/business potential.
- Highest social impact in the community/country
Who Should Attend? Students, innovators and anyone intending to submit an application.
Date: 4th September 2014
Time: 4:15 pm