Malawi has obtained an $11.2 million insurance coverage payout to deal with the extreme drought brought on by the El Niño climate phenomenon, which led the nation to declare a state of catastrophe earlier this 12 months. The African Improvement Financial institution and the African Threat Capability Group, an African Union company, facilitated the payout. The funds will present essential meals help to round 235,000 households within the hardest-hit areas and direct aid funds to over 100,000 households. The drought, which has devastated crops throughout southern Africa, has left thousands and thousands in want of assist. It has particularly affected Malawi, which is among the poorest international locations globally. Related states of catastrophe have been declared in Zambia and Zimbabwe. They’re additionally set to obtain drought insurance coverage payouts, though the funds fall in need of their humanitarian wants.
SOURCE: VOA NEWS