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In line with its mandate to work with African Union Member States to help them to better plan, prepare and respond to climateinduced threats and disease outbreaks, ARC has been working with Togo since 2017 to strengthen its response capacities to drought events.
The Togolese Republic first participated in ARC risk pools for drought during the 2019/2020 agricultural season.
Togos participation in the 2022/2023 ARC risk pool enabled the country to transfer its risk onto international markets via ARC Limited (Ltd), a mutual insurer owned by the African Member States and the commercial affiliate of the ARC Group.
According to the AfricaRisk View, ARCs technical tool for monitoring the season, 689,267 people were affected in the prefectures of Savannes, Kara, and Central.
To implement planned payout activities, the Government of the Togolese Republic will be guided by a preagreed Final Implementation Plan developed as part of the ARC contingency planning process that is facilitated by ARC Agency, which is responsible for working with member states to ensure their preparedness to manage such disaster events.
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As the West and Central Africa region counts the cost of the recurring drought events that have swept through parts of the region, particularly during the 2022 agricultural season, the African Risk Capacity (ARC) Group recently made an insurance payout of USD 2.5 million to the Government of the Togolese Republic to honour the conditions of the sovereign insurance policy taken out by the country to cover this risk.