Impact

Since 2014 and over four risk pools, ARC Ltd has paid out over US $101.7 million to countries affected by drought.

2020

Madagascar

The Government of Madagascar received on July 2nd a symbolic cheque in the amount of USD 2,13 million from the African Risk Capacity Insurance Company Limited (ARC Ltd) to cover anticipated losses to livelihoods of its vulnerable population from the crop failure in the just concluded farming season.

Zimbabwe

he African Risk Capacity Insurance Company Limited (ARC Ltd) today made payouts of USD 1.4 million to the Government of Zimbabwe and another US$ 290,288 to UN World Food Programme (WFP), in parametric drought risk insurance payouts to support the extensive drought response efforts in Zimbabwe.

2019

The Government of Senegal received US$23.1 (equivalent of FCFA 13.9 Billion) from African Risk Capacity Insurance Limited to assist in providing early action to support more than 975, 000 people affected by drought during the 2019 agricultural season. “We are extremely committed to the African Risk Capacity. ARC is an African institution which uses innovative financing to protect the resilience of our populations.’’ - Mr. Aly Ngouille Ndiaye, Honourable Minister of Interior of the Republic of Senegal
Mr. Aly Ngouille Ndiaye Honourable Minister of Interior of the Republic of Senegal
The African Risk Capacity Insurance Limited (ARC Ltd) has handed a cheque for FCFA 442,824,819.30 (equivalent of US$738,539.88) to the Government of the Republic of Côte d’Ivoire to provide rapid assistance to 32,496 persons (corresponding to 6,500 households) in the Central Region of the country following severe rainfall deficits in the 2019 agricultural season. “The Government of Cote d’Ivoire takes the food security of its populations very seriously. Therefore, His Excellency, President Alassane Ouattara supports the collaboration with African Risk Capacity to ensure we can provide timely assistance to our vulnerable population and strengthen their capacity to cope with this kind of disaster.”
Mr. Adama Coulibaly
Minister of Economy and Finance, Republic of Côte d’Ivoire

2018

ARC Ltd disbursed US $2.4 million to the Government of Mauritania, which paid a premium of US $1.4 million for drought coverage. The ARC Ltd payment was the first international funding the Government of Mauritania received in response to a progressively severe drought, and the funds subsidized livestock feed for pastoralists in the most affected areas.

The authorities really intervened at the appropriate moment. If they had not, we will not have any more cattle to feed at this very moment.
Mohamed Ahmed Ould Youra
Demame, Mauritania
This subsidy was timely. If we had not had it, I really do not know how we would cope. Breeders without this action would have sold their cattle at ridiculous prices, for fear of seeing them die of hunger.
Mohamed El Mustafa Ould Ahmed
Arafat, Mauritania

2017

In 2017, Malawi received a US $8.1 million payout from ARC Ltd and had paid a premium of US $4.7 million for drought coverage. The Government of Malawi used the funds to support over 800,000 Malawians by filling gaps in the scale-up on cash transfers and replenishing its strategic grain reserves.

 

We were able to eat just one meal a day. However, we are now able to eat twice a day with this assistance.

Enegentsi Mitha, 70 years old with 5 grandchildren

We would have had a huge problem this year without the extra assistance. There would have been no food and it would have been difficult to continue sending our children to school.

Holesi Kalonga, 72 years old with a household of 10 people

2015

Three countries in the Sahel – Mauritania, Niger and Senegal – received a US $26.3 million payout from ARC Ltd. The governments paid a combined premium of US $8 million for drought insurance coverage, and the payout benefitted an estimated 1.3 million people and over half a million livestock. The funds, disbursed ahead of the UN appeal, were used to deliver quick and much-needed relief to affected populations.

Senegal

Senegal received US $16.5 million for food distribution and animal feed subsidies. 927,416 people were assisted and 600,000 cattle were fed. Over 3,200 metric tonnes of food were pre-positioned in food insecure areas, and 14,180 metric tonnes of cattle feed were provided in joint efforts with six local companies.

Mauritania

Mauritania received US $6.3 million for food distribution to families in food insecure areas, serving 250,000 people whose livelihoods were sensitive to climate impacts. 11,000 metric tonnes of rice were procured from local suppliers to provide rapid assistance to vulnerable households.

Niger

Niger received US $3.5 million for conditional cash transfers and food distribution to support vulnerable families in drought-affected areas. In total, 157,000 people were assisted with ARC-funded interventions: 115,000 received cash support and 42,000 people benefited from rice distribution.