Johannesburg, July 11, 2018 – The Government of Republic of the Sudan signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to work together towards helping the country better prepare to efficiently deal with extreme weather events and natural disasters. The MoU was signed during the ARC ‘Lessons Learned Workshop’ for the countries of East and Southern African (ESA) region which held at the Capital on the Park Hotel, Johannesburg, South Africa, to take stock of the ARC programme implementation.

By Mohamed Beavogui

Agriculture represents tremendous opportunities for African economies. The sector contributed more than $100 billion to Africa’s GDP in 2016. But much of that potential could be realised if there are effective solutions addressing the factors that drive the under-performance trend in the sector.

Disaster preparedness: Building African resilience

Africans are increasingly exposed to climate risks, because droughts, floods and storms get ever more forceful. The African Risk Capacity takes a promising and innovating approach to managing these risks.

By Chinedu Moghalu

“We talk about integrating Africa. We cannot integrate countries that are fragile, we can only integrate countries that are secured.”– Akinwumi Adesina, President, African Development Bank

Busan, Korea, May 23, 2018 – The President of African Development Bank, Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster Risk Financing” focusing on the Role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Program (ADRiFi) on Wednesday in Busan, Korea.

Introduction

ARC is a pioneering initiative seeking to build resilience to climate risks across Africa by combining sovereign risk insurance with strengthening of disaster risk management (DRM) systems and frameworks. Findings from a formative evaluation of ARC have recently been published and provide important insights and lessons pertinent to the global conversation on climate risk insurance and, more generally, on building the resilience of countries and vulnerable populations. The evaluation was commissioned by DFID and undertaken by OPM.