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Malawi gets $14 million agricultural insurance package

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President Lazarus Chakwera Tuesday received, on behalf of the people of Malawi, a $14 million agricultural insurance payout package from the African Development Bank through the Africa Risk Capacity (ARC).

The package is meant to cushion subsistence farmers in cases where productivity has been affected by prolonged drought and tropical storms Ana and Gombe in some parts of the Southern Region.

Chakwera said the package will go a long way in supporting subsistence farmers whose crops did not do well in the previous agriculture season.

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He then said his government signed the drought insurance policy with ARC as a demonstration of servant leadership which, he said, he has been practising throughout the two years of his rule.

The President said this is one of the ways of living up to the promises he made ahead of his election on June 23 2020.

“What I promised to do within two years of being in office was to change the way we run things. I [promised that I] would practice servant leadership that puts the needs of Malawians above my own, and I have done that. I said that, instead of running things using divisive language as others did in the past, I would use my voice to unite Malawians, and I have done that,” Chakwera said.

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The Malawi leader also said he has, so far, managed to put in place economic policies that benefit all Malawians and that he continues to deploy economic activities in all regions of the country in a bid to meet wealth creation goals.

“I said that, instead of using the presidency to weaken institutions and shield the corrupt as others did in the past, I would strengthen institutions and remove from office those implicated in corruption cases, and I have done that,” he said.

Chakwera indicates that resources in the payout package will be used diligently and that his administration will not allow any of it to be lost to fraud and corruption.

Group Chairperson for the ARC, Mothae Maruping, hailed Chakwera for having the welfare of vulnerable Malawians at the heart of his decision-making.

“As one of the initial beneficiaries of this package, we urge Malawi to expedite ratifying the ARC-Treaty, which is crucial for disaster risk management,” Maruping said.

Agriculture Deputy Minister Madalitso Kambauwa Wirima reiterated that Malawi remains food secure despite maize production going down by 16 percent as compared to the 2020-21 growing season.

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