POSB, AFC Insurance target farmers, SMEs with new cover products
Farmers and small and medium-sized enterprises (SMEs) in Zimbabwe now have a new safety net thanks to a partnership between the People's Own Savings Bank (POSB) and AFC Insurance. This collaboration aims to provide much-needed financial protection against droughts, disease outbreaks, and other disasters that can devastate rural livelihoods. The move is significant as it seeks to empower smallholder farmers and SMEs by giving them access to insurance products that were previously out of reach, thereby fostering economic resilience and growth.
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