SALIMA-(MaraviPost)-Malawi Minister of Finance Simplex Chinthyola Banda has urged African Risk Capacity Limited (ARC Ltd) to provide the country with capacity-building support besides financial assistance.
Banda made this appeal on Thursday in Salima district during a board meeting of ARC Ltd, which gathered representatives from various African and European countries.
He stressed that Malawi lacks the essential capacity to manage natural disasters effectively, both before and after they occur.
ARC Ltd Chairperson Maxwell Mkwezalamba confirmed that the insurance company is dedicated to a close collaboration with the Malawi government.
African Risk Capacity Limited is an African insurer which provides parametric insurance services for climate change and health risks to the member states of the African Union.