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.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Mobile phones have become essential tools for work, education, payments and staying connected across...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Etihad to launch flights to six African cities by 2027 Routes include Lagos, Accra, Kinshasa with up to seven weekly flights Expansion targets...
Senegal moves to regulate ride-hailing platforms with new decree Reform defines VTCs as intermediaries, taxis as service providers Framework aims to...
Growth driven by high prices and strong global demand Policy push to boost local processing expected to sustain gains Ghana's export revenues from...
US considers raising refugee cap to admit more white South Africans Policy prioritizes Afrikaners, amid disputed persecution claims Move marks shift...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...