Cultural Infrastructure;
viii. Social Inclusion and Cohesion
The review of the Plan of Action was concluded in April 2020 and the Validation Workshop was organized to gather inputs from AU Member States experts and cultural and creative industries workers prior to its presentation for adoption to the AU Policy Organs.
During the opening, Ms. Cisse Mariama Mohamed, Director for Health, Humanitarian Affairs and Social Development (HHS) welcomed participants of the Validation Workshop of the Revised African Union Plan of Action on Cultural and Creative Industries. Director reiterated that the Revised African Union Plan of Action on Cultural and Creative Industries envisions an innovative, integrated, peaceful and prosperous Africa, where cultural and creative industries are the cornerstone of inclusive and sustainable development driven by its people and rich heritage.
Africa: Joint AU - ARC Press Release Launch of the First Parametric Tropical Cyclone Risk Insurance Product in Africa allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
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December 21, 2020
Johannesburg, December 21, 2020 - The African Risk Capacity (ARC) Group is proposing a new insurance mechanism to African countries in the South West Indian Ocean (SWIO) region to cope with the devastating effects of the tropical cyclones. This parametric insurance product will provide countries with predictable and rapid financing for early response to cope with emergency situations caused by tropical cyclones. The mechanism is a significant milestone to building resilience to climate-related disasters on the African continent.
The Southwest Indian Ocean Region (SWIO) region is one of the most active areas globally in terms of tropical cyclone formation. On average, thirteen cyclone events with wind speeds above 63 km/h and possibly exceeding 200 km/h, occur each year in the SWIO region. High wind speeds are a key factor contributing to damages from tropical cyclones.
Launch of the first parametric tropical cyclone risk insurance product in Africa
Format
21 Dec 2020
Johannesburg, December 21, 2020 - The African Risk Capacity (ARC) Group is proposing a new insurance mechanism to African countries in the South West Indian Ocean (SWIO) region to cope with the devastating effects of the tropical cyclones. This parametric insurance product will provide countries with predictable and rapid financing for early response to cope with emergency situations caused by tropical cyclones. The mechanism is a significant milestone to building resilience to climate-related disasters on the African continent.
The Southwest Indian Ocean Region (SWIO) region is one of the most active areas globally in terms of tropical cyclone formation. On average, thirteen cyclone events with wind speeds above 63 km/h and possibly exceeding 200 km/h, occur each year in the SWIO region. High wind speeds are a key factor contributing to damages from tropical cyclones.