The African Risk Capacity Limited (ARC Ltd) and Pula partner to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. Every farming season, African farmers are exposed to a wide range of climate risks including drought, excessive rainfall, pests and diseases, and several other perils that negatively affect their yields. ARC is the commercial subsidiary of African Risk Capacity Group (ARC Group). “ARC Limited is the first of its kind in sovereign disaster risk insurance in Africa”, said Thomas Njeru, the Founder and Co-CEO of Pula. Governments have used ARC Ltd insurance payouts to scale up cash transfers, subsidize livestock feeds, replenish depleted food reserves, and distribute emergency food supplies.

Source: News Business Ethiopia September 28, 2020 15:56 UTC