Drought: ARC to pay out $25 million for Mauritania, Niger and Senegal

Jan 27, 2015

The specialised agency has granted this sum as part of an insurance scheme against natural disasters.

The African Risk Capacity (ARC) is to pay out $25 million (€22.2 million) to Mauritania, Niger and Senegal as part of an insurance scheme against natural disasters.

These countries paid a combined premium of $8 million and will use the payout to mobilise early interventions in response to drought.


The catastrophe insurance model is tailored to African climate issues, developed by the ARC, a specialised agency of the African Union.

Kenya, Niger, Mauritania and Senegal are the first African nations to adopt this new funding method.


“This African-owned approach is addressing specific country-level climate change concerns, decreasing reliance on external aid, and promoting a sustainable solution to one of our continent’s biggest challenges,” said Dr. Ngozi Okonjo-Iweala, Nigeria’s Minister of Finance and Chair of ARC’s Governing Board.ADNFCR-2976-ID-801772086-ADNFCR