Africa & Middle East
|Date joined:||30 September, 2015|
|Initiatives:||Principles for Sustainable Insurance|
The African Risk Capacity Insurance Company Limited is a financial affiliate of the African Risk Capacity (ARC), a specialized agency of the African Union (AU), an initiative designed to improve current responses to climate-related food security emergencies. ARC Ltd is a mutual insurance facility comprised of its members, which have included Burkina Faso, Mali, Mauritania, Niger, Senegal, The Gambia, Malawi, and Kenya.
The membership also includes its capital contributors. KfW on its own behalf, and for the account of the Federal Republic of Germany acting through Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (“BMZ”) and the United Kingdom (“DFID“) have contributed the first tranches of their respective EUR 50 million and GBP 90 million commitments.
Audited Financial Reports: