African Risk Capacity, Mozambique sign MoU

Bermuda-based African Risk Capacity Insurance Co. Ltd. and the government of Mozambique have signed a Memorandum of Understanding to provide the country with mid to long-term solutions for insuring against droughts, floods, and cyclones, Relief Web reported. As per the terms of the MoU, the agency will work with the country's government to understand its own risk profile vis-à-vis the various perils facing the country and develop customized response plans.

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