JOHANNESBURG, 13 February 2024 – African Risk Capacity Limited (ARC Ltd.) and the United States Government (USG) have entered into a landmark US$11.7 million partnership to safeguard food security...
African Risk Capacity (ARC) Updates
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World + 11 more
Rising climate death toll in Africa underscores urgency for COP28 action
JOHANNESBURG, 28 November 2023 – It’s been a year of climate carnage in Africa. At least 15 700 people have lost their lives to extreme weather disasters, according to the latest report from Carbon...
Charting Disaster Resilience: MOU Signals Sovereign Risk Pool’s Commitment
JOHANNESBURG, 17 October 2023 – A recent sovereign risk pools summit hosted by the Centre for Disaster Protection and Gallagher Re has resulted in a joint Memorandum of Understanding. Held on 5...
Upscaling and risk-layering for climate resilience in Malawi
African Risk Capacity Ltd. assists Malawi Government to scale up the World Bank’s Social Support for Resilient Livelihoods Project through innovative insurance. This development reinforces Malawi’s...
African Risk Capacity launches the first Flood Risk Insurance Product in Africa
The African Risk Capacity (ARC) Group is launching a new insurance mechanism for African countries to cope with the devastating effects of flooding. This parametric insurance product will provide...
World + 1 more
The African Risk Capacity Group (ARC) receives $17 million in funding from the Canadian Government
The African Risk Capacity would like to thank the Department of Foreign Affairs, Trade and Development of Canada, a long-term donor partner of the African Risk Capacity (ARC) Agency, following the...
Arab Bank for Economic Development in Africa announces funding of USD 500 000.00 to the African Risk Capacity
The Arab Bank for Economic Development in Africa (BADEA) is pleased to announce a funding grant of USD 500 000.00 to the African Risk Capacity (ARC) to facilitate climate capacity-building work for...
The ARC Group announces a USD 2.5 million insurance payout to the Togolese Republic’s recovery from drought
As the West and Central Africa region counts the cost of the recurring drought events that have swept through parts of the region, particularly during the 2022 agricultural season, the African Risk...
Le Gouvernement de la République de Madagascar et le Programme Alimentaire Mondial (PAM) reçoivent des indemnités d’assurance à hauteur de 1,5 million USD pour les efforts de redressement après le passage du cyclone Freddy
Antananarivo, le 26 avril 2023 – Des représentants du Groupe de la Mutuelle panafricaine de gestion des risques (ARC) et de la Banque africaine de développement (BAD) ont présenté deux chèques...
The Government of the Republic of Madagascar and World Food Programme receive $1.5 million insurance payout for Tropical Cyclone Freddy recovery efforts
Antananarivo, 26 April 2023 – Representatives from the African Risk Capacity (ARC) Group and the African Development Bank presented two symbolic cheques to the Government of the Republic of...
The ARC Group announces an insurance payout to the Republic of Madagascar to aid in the recovery from Tropical Cyclone Freddy
Recently, the Government of the Republic of Madagascar qualified for a much-needed insurance payout of USD 1.2 million to support the island nation’s recovery efforts from Tropical Cyclone Freddy and...
The ARC Group announces an insurance payout to the Republic of The Gambia towards recovery from drought
The Government of the Republic of The Gambia recently received an insurance payout of USD 187 641 following its participation in the African Risk Capacity (ARC) Group mechanism, designed to help...
Côte d'Ivoire + 5 more
The African Risk Capacity Group holds the West Africa Regional Consultation on gender-responsive mechanisms for epidemic preparedness in the ECOWAS region.
On 20 and 21 March 2023 in Dakar, the ARC Group’s Gender and Outbreaks & Epidemics (O&E) teams, and the West & Central Africa Office, with the support of the Bill and Melinda Gates Foundations...
African Risk Capacity Group and Djibouti Government sign first multi-year, multi-peril agreement in Africa to protect most climate-vulnerable communities
JOHANNESBURG, 17 MARCH 2023 – The Government of Djibouti has signed the first-ever multi-year, multi-peril agreement on the African continent with the African Risk Capacity Group (ARC Group) to...
New funding streams activated after fifth successive failed rainy season in Somalia
Start Network is pleased to announce US$4.2 million of new funding to help protect people in Somalia from ever-worsening drought. The payout is a result of a collaboration between the Federal...
Madagascar has contingencies to aid its swift recovery from devastating impacts of tropical cyclones
Press Release issued on behalf of African Risk Capacity Limited Madagascar was the first African nation to invest in tropical cyclone insurance with ARC Ltd. US$10.7m pay out by ARC Ltd. following...
La Mutuelle panafricaine de gestion des risques lance son premier produit d’assurance paramétrique contre les risques épidémiques à fort impact
Dakar, 8 décembre 2022 – La Mutuelle panafricaine de gestion des risques (ARC) a annoncé aujourd’hui le lancement officiel du produit d’assurance paramétrique contre les risques épidémiques à fort...
The African Risk Capacity launches its first parametric insurance product against highimpact epidemic risks
Dakar, December 8, 2022 - The African Risk Capacity (ARC) today announced the official launch of the parametric insurance product against high-impact epidemic risks and Senegal's participation as the...
Ground-breaking MOU signed at COP27 sees global risk pools join forces to raise visibility and influence
Global risk pool MOU builds a framework for collaboration in the areas of advocacy, product development and capacity building… Sharm el Sheikh, 21 November 2022 – Strengthening the reach and impact...
The African Risk Capacity receives grant funding of EUR 9 million from the European Union Commission
Sharm El Sheikh, 14th November – The European Union (EU) Commission announced funding of EUR 9 million in the form of grants to the African Risk Capacity (ARC) at a special COP 27 event as part of...