African Risk Capacity Group

News archives

UNFCCC’s CoP21 Devex - December 21, 2015 Africa: $150 million for climate-related disaster risk insurance Artemis - December 17 2015 ARC gets $150m in support from COP21 countries IRIN - December 11 2015 Briefing on climate financing Der Tagesspiegel - December 11 2015

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Outbreaks & Epidemics

How to tackle the funding gap for public health emergencies in Africa: piloting an innovative financing mechanism for outbreaks and epidemics

The Problem: A single Ebola outbreak in 2014-15 in West Africa resulted in over 11,000 deaths in Guinea, Sierra Leone and Liberia, with estimated overall economic impact of

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Africa RiskView: Customisation

In order to minimize basis risk – the technical term used to describe the potential mismatch between ARC payouts and country needs – the Secretariat engages each potential participating country and its in-country partners in a year-long process to customise Afric

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Africa RiskView: Methodology

The Africa RiskView models and software products are offered to countries working with the ARC Agency.

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Africa RiskView: Introduction

The first step to establishing a facility such as ARC is understanding — in dollar terms — Africa’s weather-related food security risk. As the technical engine of the ARC risk pool, Africa RiskView is a core product of the ARC Agency.

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Food Security & Risk Management

In January 2012, the ARC commissioned a cost-benefit analysis (CBA) to examine the economic advantages and disadvantages of establishing a risk pooling facility as an early response mechanism to severe drought in sub-Saharan Africa.

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Risk Pool II - 2015/2016

Risk pool II, which covers the 2015/2016 rainfall seasons, consists of:

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Risk Pool I - 2014/2015

The inaugural risk pool, which covered the 2014/2015 rainfall seasons, consisted of:

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Memorandum of Understanding Institutions

Signing of the Letter of Intent between ARC and AfDB

Through the letter of intent, the AfDb and the ARC affirmed their intention to collaborate in the area of planning, preparation and response to extreme weather events and natural disasters, for the benefit of the Regional Member Countries of the AfDB (RMCs).

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ARC Agency Treaty Signatories

On 19-23 November 2012 delegates from 41 African Union Member States convened a Conference of Plenipotentiaries in Pretoria, South Africa to finalize the African Risk Capacity (ARC) Establishment Agreement. On the final day of the conference, 18 member states signed the Establishment Agreement, creating the ARC Agency as a Specialized Agency of the African Union.