Public Management

S. Africa to Launch Climate Change Response Fund

S. Africa to Launch Climate Change Response Fund
Tuesday, 16 July 2024 10:41

South Africa has witnessed an increase in the frequency of extreme weather events in recent years, exacerbated by the cyclical meteorological phenomenon El Niño.

The country plans to launch a climate change response fund during the current fiscal year ending on March 31, 2025. Announcement was made Monday by Environment Minister Dion George.

Initially proposed by President Cyril Ramaphosa in February, this fund aims to mobilize both government and private sectors to finance the construction of climate-resilient infrastructure and provide assistance to communities affected by these events.

Minister George explained this fund will be crucial in financing climate change adaptation and addressing losses and damages.

South Africa has faced several extreme weather events in recent years, including deadly floods in the port city of Durban in 2022 and prolonged droughts that led to water restrictions in major cities in 2019.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cemac developing system to track informal cross-border trade data Regional workshop trains experts on mapping flows and estimating...
Nigerian insurers Guinea, Sovereign Trust seek 10.8bn naira capital Guinea launches rights issue; Sovereign Trust awaits NGX approval Raises aim meet...
Adenia Entrepreneurial Fund I (AEF) secures $180 million in its first close, exceeding its $150 million target. The fund targets...
Bank of Ghana lowers its policy rate by 150 basis points to 14%, the lowest since July 2021. The cut reflects improving macroeconomic conditions...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...

BOAD to Mobilize $1.3 Billion in Support of Burkina Faso 2026-2030 Development Plan
05

Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...

Algeria-based Yassir expands into media distribution in France with planned acquisition of Kawarizmi
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.