The payout is expected to strengthen Malawi’s resilience against future climate-related challenges, though specific allocation plans were not immediately announced.
Aug 04, 2024
MZUZU, Malawi— Malawi’s government received an $11.2 million drought insurance payout from the African Risk Capacity (ARC) on Friday, bolstering the country’s ability to respond to climate-related disasters, writes Tionge Hara.
President Lazarus Chakwera, speaking at the Mzuzu State Lodge, emphasized the need for collaboration in addressing climate challenges.
“There’s need to support people and strengthen food production in the country,” Chakwera said.
Finance Minister Simplex Chithyola Banda praised the ARC initiative, assuring citizens of their safety.
“This means a lot to the country in such a way that the money will help the country to build community resilience in responding to risks and natural disasters,” Banda said.
Agriculture Minister Sam Kawale urged farmers to insure their farms against emergencies.
