By Chisomo Phiri
Minister of Finance Simplex Chithyola Banda has appealed to African Risk Capacity Limited (ARC Ltd) to provide Malawi with capacity-building support in addition to financial assistance.
He made the appeal on Thursday during a board meeting of ARC Ltd in Salima district, which brought together representatives from various African and European countries.
Banda emphasized that Malawi lacks the necessary capacity to effectively manage natural disasters, both before and after they occur.
On his part, Chairperson of ARC Ltd,Maxwell Mkwezalamba, confirmed that the insurance company is committed to collaborating closely with the Malawi government.
ARC Ltd is an African insurer that provides parametric insurance services for climate change and health risks to African Union member states.
 to provide Malawi with capacity-building support in addition to financial assistance. He…){kind=link}