Reinsurance fund launched to protect African smallholders from climate impact
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Reinsurance fund launched to protect African smallholders from climate impact

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African Risk Capacity (ARC) has teamed up with One Acre Fund, the International Finance Corporation (IFC) and the US International Development Finance Corporation (DFC) to launch a reinsurance fund called One Acre Fund Re.

ARC will supply (re)insurance capacity to the fund, which seeks to provide a “critical financial safety net” for one million smallholder farmers in Africa in 2024, with hopes to cover at least four million farmers by 2030.

The

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