The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations to help them offset the impact of a drought that’s been driven by the El Niño weather pattern, its director general said.
Malawi, Zambia, Zimbabwe and Mozambique will receive payments at the end of the harvesting season in a few weeks time, Ibrahima Cheikh Diong, who leads the African Risk Capacity agency, said in an interview in Johannesburg on Tuesday.
Source link : https://www.bloomberg.com/news/articles/2024-05-07/el-nino-sees-african-union-insurance-agency-pay-out-60-million
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Publish date : 2024-05-07 07:00:00
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