Food security: Senegal to receive $22 million payout for drought

The money will cover losses from crop failure following poor rainfall. [File, Reuters]

Senegal will receive a minimum payout of US$22m from African Risk Capacity Insurance Limited (ARC Ltd) to cover losses from crop failure following poor rainfall. The payout is expected to happen two weeks following the end of the farming season, which is set for November 21, 2019.

Of the US$22 million, Senegal will receive a minimum amount of US$12million; while the Start Network, a consortium of international NGOs that collaborates with the Government, will receive the balance of U$10million.