L-R: Stephen Karingi (ECA); Vincent Nmhielle; Ngozi Okonjo-Iweala (ARC Board chairperson); H.E. Sacko Josefa Leonel Correa (AU_DREA Commr.; Mohamed Beavogui (ARC_DG)

A Joint AUC / ARC / AfDB / UNECA PRESS RELEASE

32nd Ordinary Session of the Assembly of the African Union: High-Level Side Event on Migration and Displacement in Africa

Media Advisory

32nd Ordinary Session of the Assembly of the African Union: High-Level Side Event on Migration and Displacement in Africa

Theme: “Migration and Displacement in Africa: Addressing the underlying causes
through innovative risk financing mechanisms Background”

Banjul, The Gambia, 3 December 2018  – The African Risk Capacity Agency (ARC) and AGRHYMET signed a Memorandum of Understanding to formalize technical collaboration and intensify joint efforts to improve food security in West Africa. The two organisations are advancing their mandates to address climate-induced food insecurity in West Africa and the Sahel by partnering to develop risk models and innovative financial mechanisms to address regional climate hazards such as drought and river floods. Combining AGRHYMET’s regional knowledge with ARC’s continental experience, t

“The signing of the MoU with Rwanda is a testimony of our commitment to progressively provide technical cooperation on climate risk profiling as well as capacity building in disaster risk management in manner that boosts the country’s resilience against the impacts of climate risk and other natural disasters” - Mohamed Beavogui Johannesburg, November 21, 2018 – The Government of Rwanda has signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) on cooperation to address the impact of extreme weather events in Rwanda. The MoU

The African Risk Capacity (ARC) has lauded the approval of the Africa Disaster Risk Financing Programme (ADRiFi) Programme, by the African Development Bank (AfDB). The discussions to establish the ADRiFi as a mechanism to enhance the resilience and response to climate shocks and natural disaster risks in Regional Member Countries (RMCs) was formalized in March 2017. Since then, the African Development Bank and the African Risk Capacity, under the signed technical collaboration agreement began to orchestrate activities to enhance risk management infrastructure and policy across Africa as

New York, September 24 - The African Risk Capacity (ARC) today announced that it has joined the World Economic Forum (WEF) towards sharing ideas with other global, independent, impartial and future-oriented leaders keen on improving the state of the world, especially in natural disaster risk reduction and resilience. Over the past four decades, Sub-Saharan Africa has experienced more than 1,000 disasters often with devastating humanitarian crises.

Three-quarters of Africa’s Sub-Saharan Africa’s cropland are drylands, which accounts for two-thirds of its cereal production and four-fifths of its livestock holdings. In East and West Africa, drylands are home to over 300 million people, and a large share of them are households vulnerable to drought. With climate change and population growth, the impact of drought could be even more severe in coming years. To improve drought resilience in Africa’s drylands, it is key to identify interventions that would make the greatest impact on vulnerable livelihoods.

The Start Network has signed a ‘game-changing’ insurance policy, intended to pay out if a drought hits Senegal, enabling aid agencies to offer life-saving help before a famine threatens to take people’s lives. The Start Network has taken this bold step because it believes that pre-emptive disaster financing could revolutionise the aid sector and catalyse a new way of preparing for crises.

The African Risk Capacity Limited (the ARC Ltd) has appointed three new Non-Executive Directors (NEDs) and a Special Advisor to join its Board of Directors to bring independent strategic guidance and oversight to its operations. The ARC Ltd is a financial affiliate of the African Risk Capacity (ARC), which is a Specialised Agency of the African Union established to assist member states in tackling the impact of natural disasters on vulnerable people.

Johannesburg, July 23, 2018 – The African Risk Capacity (ARC) and the African Institute for Mathematical Sciences – Next Einstein Initiative (AIMS-NEI) held an inception meeting at ARC Agency Offices in Johannesburg as part of their framework agreement to work together towards promoting innovation and assisting AU Member States to better prepare for and respond to natural disasters and extreme weather events. The objective of the meeting was to discuss, first hand, the feasibility of developing a certification programme, and implementing an internship programme and support to