ARC @ 29th African Union Summit

The 29th African Union Summit is taking place in Addis Ababa, Ethiopia from 29 June to 4 July 2017. African Heads of State, African Union Commissioners, and African governments officials across the continent are convening to discuss pressing issues on the continent and African-led solutions to address them. As a …

Read More »
2017: pastoralists in Isiolo county in Kenya are digging for water in dried-up river beds. Agricultural insurance schemes can help pastoralists and farmers be more resilient to climate shocks (Photo: Denis Onyodi/KRCS)

Insuring Against Climate Risk in Kenya – Vincent Mutie Nzau on African Risk Capacity and Climate Risk Financing Initiatives

In a recent blog from the International Institute for Environment and Development (IIED), ARC focal point and senior economist in the National Treasury of Kenya, Vincent Mutie Nzau, explains the importance of disaster risk financing in drought-prone countries like Kenya. With average annual costs for drought damage in Kenya estimated …

Read More »

Interviews with Mohamed Beavogui and Lars Thunell

In May 2017, ARC Agency and ARC Ltd attended the African Development Bank Annual Meetings to discuss the role of innovative finance in transforming agriculture into wealth creation in Africa. On the sidelines of panels and discussions, ARC Agency Director-General and Chairman of the Board of ARC Insurance Company Limited – …

Read More »

Report from the Fifth Session of the Conference of Parties (CoP5)

The Conference of Parties is the supreme governing body of the African Risk Capacity (ARC) Agency, consistent of African Union member states that have signed the ARC Establishment Treaty and affirmed their belief in need for a pan-African solution to managing climate risk. The Conference of Parties hold sessions on …

Read More »
Internally displaced Somali women gather with their jerrycans to receive water Photograph: Feisal Omar/Reuters

A tale of two droughts: one killed 260,000 people, the other none. Why?

Drought is a slow and predictable natural disaster. We know it will happen again, and we know much of its effects are preventable if money is invested at the right time. So why do we wait for people to die from hunger induced by droughts before we start calling for …

Read More »

ARC Ltd Wins Innovation Award for Second Consecutive Year

For the second year in a row, the African Risk Capacity Insurance Company Ltd (ARC Ltd) won the award for Most Innovative ESG Risk Protection Provider for Africa. In 2016, ARC Ltd was recognized by for “its proactive and solidly coordinated approach to risk management in Africa” that “not only …

Read More »

PRESS RELEASE – African Risk Capacity and the African Development Bank partner to strengthen African countries struggling with climate disasters

Click here to download the PDF version. ABIDJAN, Côte d’Ivoire / JOHANNESBURG, South Africa / HAMILTON, Bermuda, 7 March 2017 The African Risk Capacity (ARC) has added a crucial partner to its portfolio by formally teaming up with the African Development Bank (AfDB) to strengthen mechanisms to manage weather-related risk on …

Read More »