Turning Challenges Into Opportunities: Insurance for Informal Sector
Lazarus Sauti Simon Nyaropa, a carpenter at the Glen View Home Industries Complex along Willowvale Road, lost his property worth thousands of dollars when a raging inferno destroyed part of the complex recently leaving him and other entrepreneurs with no source of living. The complex was gutted by fire on the 26 th of June this year, destroying property worth approximately US$100 000 belonging to over 500 informal traders. “I have lost my foam rubbers, sofas, tables, chairs and wardrobes worth thousands of dollars,” said the depressed father of two. Heartbreakingly, the fire had destroyed Nyaropa’s livelihood for the second time. The first time was in 2015. “This is the second time my property has been razed by fire at this complex in less than four years,” he said, adding: “I’m on point zero. I don’t even know what to do.” Harare City corporate communications officer, Michael Chideme, said informal workers at the complex – largely uncovered by social p