Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone
Mozambique, Oct. 24 -- Mozambique received a $2 million insurance premium for drought protection covering the 2025-2026 agricultural season, marking the country's third consecutive year of coverage under the African Development Bank's disaster risk financing programme.The premium was announced during the 2025 Climate and Disaster Risk Financing Forum (CDRFI), held from October 14 to 16 under the theme "Building Africa's Resilience through Transformative Climate and Disaster Risk Financing and Insurance." The forum was jointly organised by the government of Mozambique and the African Development Bank to advance ADRiFi's disaster risk financing on the continent.The Africa Disaster Risk Financing Programme (ADRiFi) strengthens country's financ...
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