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Africa assumes onus on disaster relief with catastrophe insurance pool

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  • Africa launches its first sovereign risk insurance pool

  • Fund targets drought-prone countries first

  • Climate change seen major risk to Africa

By Wendell Roelf

CAPE TOWN, May 15 (Reuters) - In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African countries.

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