African Risk Capacity Group (ARC), a pan-African mutual risk management organization, announced during a conference in Dakar, Senegal, on September 9, 2020, that it plans to launch a new product to help its member countries fight floods. “This product is already in a pilot phase in Côte d'Ivoire, Ghana, Gambia, and Togo and will be available to all member states,” the institution said in a statement. The solution is expected to be operational next year.
Also, ARC is working with the African Center for Disease Control and Prevention (Africa CDC) on covid-19 modeling tools for Africa to enable its member states to better manage this pandemic and help the populations that need it most.
The recent floods reported in Nigeria, Abidjan (Côte d'Ivoire), Douala (Cameroon), and Dakar (Senegal) are a reminder of how important it is to take this type of risk into account in the future. When they do occur, they very often leave the affected people without an appropriate response. Global insurance deals very often do not specify what to do in the event of flood-related damage.
The agricultural sector needs a particular focus on flood-related damage management. According to estimates, the sector sustains about 70% of people in Sub-Saharan Africa. Heavy rains, floods, and drought periods represent major risks for these poor people who cannot afford conventional insurance services.
In Nigeria, for example, it is reported that floods will reduce rice production by about 25%, exposing the country to more imports.
Idriss Linge
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captures the contradictions of a continent that holds...
Togo unveils 2026–2028 strategy to boost Sahel-Gulf cooperation Plan targets security, trade corridors, political dialogue, regional...
Mobile phones now handle sales, payments, and logistics for thousands of small businesses Orange launches Mobile Pro to serve firms with fewer than 10...
Seychelles president visits Russia, UAE to strengthen strategic partnerships Talks cover tourism, investment, transport, food security...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...