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African nations to boost disaster resilience, risk financing

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South Africa-based African Risk Capacity Ltd. and Botswana-based Southern Africa Development Community Secretariat have signed a memorandum of understanding to boost disaster resilience and risk financing for ARC's members, Artemis reports. "The partnership will enable us to systematically work with SADC to better profile disaster risks facing the region, strengthen existing response capacities and contingency plans, and offer sovereign insurance options to enable rapid action when natural catastrophes occur," an ARC official said.

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