The African Risk Capacity Ltd (ARC Ltd) is delighted to announce that it has been awarded Global Banking & Finance Review magazine’s Most Innovative ESG Risk Protection Company Africa 2017. Dolika Banda, CEO of ARC Ltd, said, “We are gratified to receive this great recognition.

ADDIS ABABA – The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for Africa (ECA) have announced a new partnership which will see the two organisations work together to increase insurance coverage against climate risks for African states. The multilateral deal was announced at the African Union’s Annual Summit in Addis Ababa, and commits ARC and ECA to build the capacity of their 33 common Member States by embedding risk management investments into government planning through policy development.

PDF version PARIS—The African Risk Capacity (ARC) on December 13 welcomed a US $5 million contribution from the Agence Française de Développement (AFD) which will help African governments respond to climate-related disasters more quickly, effectively, and sustainably. The contribution will help further ARC’s mission of building the capacity of African governments to manage disaster risks through the implementation of early warning tools, contingency planning, and specialized insurance. ARC

Five years ago, in November 2012, eighteen African governments met in South Africa to take action against the impacts of natural disasters that repeatedly affect the continent, driving countless lives into destitution. Under the umbrella of the African Union, African sovereigns formed a continental institution dedicated to creating more effective, efficient, and equitable solutions to natural disaster risks across the continent.