President Chakwera commends ARC Group

By Kondanani Chilimunthaka

President Lazarus Chakwera on Tuesday, June 28,2022 commended the African Risk Capacity (ARC) Group for the agricultural insurance payout that the group presented to him at Kamuzu Palace in Lilongwe.

Speaking during the presentation of the insurance payout, President Chakwera thanked the ARC Group for honouring the agreement, saying it has come to reality as a result of transparency and collaboration with international partners like the ARC Group.

“And the fact that we have done this transparently and in collaboration with international partners like the ARC Group, the African Development Bank via the Multi-Donor Trust Fund, and ADRiFi Program, the British, Swiss, and German Governments, means that at every step of the way, there is due diligence by all stakeholders to ensure that no dollar of this payout for vulnerable people whose crops have not done well is lost through corruption and no laws of Malawia are breached in this administration of it.

“I therefore want to thank all the government officials who have made this payout a reality, and I want to especially thank the ARC Group for honouring the agreed payout as you have done today.” Said President Chakwera.

Malawi leader whose speech based much on the five pillars he promised Malawians during his campaign to Presidency, told the gathering that he is optimistic that he has done them in the two years he has been in office. But he was quick to say that doing them alone is not enough to achieve job creation, wealth creation, and food security in the country until everyone gets to practice the set five values.

President Chakwera then thanked officials in his administration for tirelessly making the payout become a reality by living the values of servant leadership, uniting Malawians, prospering together, ending corruption, and the rule of law, adding that with support from partners, the ADDs in the country which have all been affected by drought in this year will all get helped.

He has since committed himself to continue strengthening the institutions which fight corruption in the country and remove from office those implicated in corrupt act, a thing he has already demonstrated to be serious about.

The ARC Group agricultural insurance is worthy close to 14.2 million dollars which is about K14 billion.