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Browsing: Climate crisis: The Impact of El Niño on Malawi
- This funds will support an estimated 235,000 households in Malawi’s Lower Shire and Southern regions.
- The ongoing El Niño phenomenon in Malawi is one of the worst on record that has wreaked havoc on families.
- By September 2024, a total of $62M in disaster risk insurance payouts will go to countries affected by El Niño in Southern Africa.
In the face of a roiling climate crisis, drought-hit families in Malawi have received a lifeline in the form of a $11.2 million insurance payout. This critical support, facilitated by the African Risk Capacity (ARC) Group and the African Development Bank (AfDB), aims to help Malawi recover from the devastating effects of a severe drought brought on by the 2024 El Niño weather pattern.
The funds will help provide much-needed relief to hundreds of thousands of households across the Southern African country, highlighting the urgent need for proactive climate risk management strategies …