Maseru, Aug.18–The African Risk Capacity (ARC) has issued an insurance payout valued at M48,608,055.05 ($2767958) to the government of Lesotho as an activation of its sovereign drought insurance policy for the 2024/25 agricultural season.
Speaking in an interview with the Agency on Monday, the Assistant Public Relations Officer of Disaster Management Authority Ms. Mahlape Koali said the payout will fund the country’s Final Implementation Plan (FIP) providing emergency food aid and cash transfers to households affected by the drought.
She mentioned that the payout will assist vulnerable households across the 10 districts of Lesotho providing each M1500 as determined by the Lesotho Vulnerability Assessment Committee (LVAC) reaching 27 638 households with an average of 4 members each…NT/BM
