The Board of Directors of the African Development Bank Group approved a $6 million grant to support the African Risk Capacity (ARC), on Wednesday, the 29th October 2025.
The grant is expected to boost disaster preparedness and risk financing across Africa into 2026.
The Bank’s Alexis Adele, said the chief aim of the project, is to help African governments move away from reactive disaster response to proactive preparedness.
“It will strengthen national institutions’ technical expertise and operational capacities in disaster risk management, including evidence-based risk assessment, early warning systems and training for policymakers and technical experts.
She also said the ARC will work to expand country participation in its sovereign insurance risk pool through increased engagement and new climate risk insurance products offer to its member states.
“Planned activities include high-level advocacy for the ratification of the ARC Treaty, finalization of its work programmes with participating countries, and facilitation of insurance premium support.”
Picture: UNHCR/Tiksa Negeri