African Insurtech Pula Secures €10 Million Grant to Insure 10 Million Farmers
African Insurtech Pula Secures €10 Million Grant to Insure 10 Million Farmers
Pula Foundation, a Rwandan-based insurtech company, has received a €10 million grant from the Bayer Foundation to expand access to climate risk insurance for 10 million smallholder farmers by 2030.

The significant grant, announced at the World Economic Forum, will be used to provide insurance coverage worth US$127 million across seven countries, including Bangladesh, Pakistan, Malawi, Ghana, Nigeria, Kenya, and Mali. The initiative aims to enhance the resilience of smallholder farmers in the face of increasing climate-related disasters, such as droughts and floods.

Founded in 2014 by Rose Goslinga and Thomas Njeru (pictured), Pula has pioneered the development of scalable, data-driven agricultural insurance solutions. This partnership with Bayer will significantly expand the reach of these solutions, enabling farmers to recover from yield losses and reinvest in their livelihoods.

The initiative builds upon the success of a 2021 pilot program in Zimbabwe, where Pula successfully insured 31,000 farmers against climate risks.

“We believe this initiative will enable smallholder farmers to overcome climate shocks, empowering them to contribute to global food security,” said Matthias Berninger, EVP of Public Affairs, Sustainability, and Safety at Bayer.

Rodrigo Santos, President of Bayer’s Crop Science Division, added that the partnership supports sustainable growth and regenerative agriculture.

Share this article:

APPLY TO SPONSOR

Gain access to the most senior audience of insurance executives, entrepreneurs, and investors. We offer a wide range of opportunities for you to engage with our attendees from networking to thought leadership.

Sponsorship packages provide a wide range of opportunities developed for almost any budget and are designed to help achieve your branding, networking, and/or thought leadership goals. 

Insurtech Insights Europe 2025

Join us at Europe's largest insurtech conference at InterContinental London - The O2
on March 19-20th, uniting over 6,000 senior insurance professionals!