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This activity report summarizes activities of Result Area 5 (R5), also known as the Africa Disaster Risk Financing (ADRF) Initiative from its commencement in August 2014 to June 30, 2016. The report gives an overview of the achievements to date and identifies upcoming priorities and challenges.

The ADRF Initiative aims to support African countries develop national risk financing tools and strategies that have the potential to significantly reduce disaster losses, speed recovery and build resilience to natural hazards. In its early phases, the initiative has already yielded the following results in supporting governments with efforts to strengthen capacity to design and implement risk financing strategies at regional, national and local levels:

• The development of simplified multiple-hazard country risk profiles for Ethiopia, Kenya, Niger, Senegal and Uganda;
• Two analytical studies on the impact of disasters on poverty were produced in 2016: Welfare, Income Growth and Shocks in Uganda and Vulnerability to Poverty in Rural Malawi;
• Preparatory missions were carried out to lay the groundwork for strategy development by opening risk financing dialogue in 11 countries, identifying key local partners, as well as exploring the potential for synergies among other relevant programs led by development and humanitarian organizations;
• Initial disaster risk financing diagnostic reports were produced for Kenya, Senegal, Madagascar, and South Africa;
• Knowledge-sharing and best practices on risk assessment and risk financing solutions. The flagship event was the Understanding Risk and Finance Conference, held in Addis Ababa, Ethiopia on 17-20 November 2015, in partnership with the AUC, the EU and the Government of Ethiopia;
• The Open Data for Resilience Initiative (OpenDRI) was implemented in Malawi and Niger and the various Indian Ocean Island States under the Southwest Indian Ocean Islands Risk Assessment and Financing Initiative (SWIO RAFI).