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.
MAPUTO, Mozambique, October 25, 2025/ — 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 (www.AfDB.org).
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 financial preparedness against climate shocks by supporting sovereign risk insurance, enhancing risk modelling, and integrating disaster risk financing into national policy frameworks across Africa.
Under ADRiFi, the African Development Bank provides financing and subsidises insurance premiums for participating African countries while strengthening their capacity to manage climate risks. The African Risk Capacity Group (ARC) delivers the sovereign risk insurance and rapid payouts when disaster thresholds are triggered, while donor countries including the UK, Switzerland, Canada, Norway, and the Netherlands contribute funding through the Multi-Donor Trust Fund to support program implementation.
To mark Mozambique’s receipt of premium funds, a ceremonial cheque was presented to Albertina Fruquia Fumane, Permanent Secretary at Mozambique’s Ministry of Finance. She described the country’s risk insurance policies as “a strategic instrument of anticipation that enables the state to protect the most vulnerable, maintain social stability, and mitigate the economic impacts of recurring climate shocks.”
The African Development Bank Group’s Lead for De-Risking Agricultural Finance and Climate Resilience Andrew Mude emphasised the urgency of putting climate insurance programs in place: “Climate impacts are intensifying across Africa,” he said. “The Africa Disaster Risk Financing Programme has mobilized over $150 million in support of 16 African nations, safeguarding more than six million people and demonstrating the transformative potential of strategic financial solutions in safeguarding lives and livelihoods.”
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