In late 2022, the Famine Review Committee identified a risk of famine for several population groups in the Bay region of Somalia. The African Risk Capacity (ARC) Replica funds were consequently released in March 2023 when pre-agreed thresholds indicated rainfall deficits, drought, and worsening food insecurity. In total, 3.38 million USD was released from ARC Replica, and was supplemented with 891,800 USD from Start Ready.
The Government of the Republic of Zimbabwe has received an insurance payout of $16.8 million USD following its participation in the African Risk Capacity (ARC) Group disaster financing mechanism, designed to help African Union (AU) member states plan, prepare and better respond to extreme weather events.
Start Network is pleased to announce US$4.2 million of new funding to help protect people in Somalia from ever-worsening drought. The pay out is a result of a collaboration between the Federal Government of Somalia, African Risk Capacity and the UK Government.
"Early intervention through insurance drastically increases the number of people who can be helped" - Nelly Maonde, Start Network Country Disaster Risk Finance Coordinator - Zimbabwe
Start Network has today announced the purchase of an innovative insurance policy in partnership with African Risk Capacity (ARC) and the Government of Zimbabwe. The policy is to protect more than 800,000 people in Zimbabwe from drought risk during the 2021/2022 agricultural season.
Start Network a annoncé aujourd'hui l'achat d'une police d'assurance innovante en partenariat avec African Risk Capacity (ARC) et le gouvernement du Zimbabwe. La police doit protéger plus de 800 000 personnes au Zimbabwe contre le risque de sécheresse pendant la saison agricole 2021/2022.
Start Network ha anunciado hoy la adquisición de una innovadora póliza de seguros en colaboración con African Risk Capacity (ARC) y el Gobierno de Zimbabue. La póliza protegerá a más de 800.000 personas en Zimbabue del riesgo de sequía durante la temporada agrícola 2021/2022.
Start Network a signé une police d'assurance contre les risques climatiques qui protégera jusqu'à 160 000 personnes au Sénégal des effets de la sécheresse. Cette police, l'une des premières de ce genre, permettra aux organisations humanitaires d'apporter une aide cruciale aux Sénégalais dès qu'une sécheresse sera prévue, contribuant ainsi à éviter la famine.
Start Network has signed a climate risk insurance policy that will protect up to 160,000 people in Senegal from the effects of drought. One of the first of its kind, the policy will enable aid agencies to offer life-saving support to people in Senegal as soon as a drought is predicted, helping to prevent famine.
Aunque la sequía se puede predecir con meses de anticipación, la asistencia humanitaria a menudo se retrasa porque se necesita tiempo para recaudar fondos después de que ocurre la crisis.
