Tanzania, June 30 -- Dar es Salaam. CRDB Insurance Company, in partnership with Agriculture and Climate Risk Enterprise (ACRE Africa), has launched a digital insurance product for livestock farmers.

The service, known as Smart Mifugo, is accessed through the DigiBima platform and uses artificial intelligence and biometric identification to register and manage livestock insurance policies.

Latest government figures presented in Parliament last month by the minister for Livestock and Fisheries Development, Bashiru Ally Kakurwa, show that the livestock sector contributes 6.2 percent to Tanzania's gross domestic product (GDP), while fisheries contribute 1.6 percent and support about six million people through value chains.

The data also sh...