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.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Uganda plans $113.3 million injection to expand Uganda Airlines fleet Funding to purchase 10 aircraft amid rising demand, disruptions Airline...
Tunisia approves $51.9 million loan for rail upgrade Output drops to 3.9 mln tonnes, 40% of capacity Project targets export growth and SNCFT...
$13 million loan to expand solar access in Nigeria Sterling Bank to on-lend funds for decentralized energy projects Households, businesses and small...
Switzerland has raised concerns over the future of the World Trade Organization (WTO), warning that changes in U.S. trade policy could undermine global...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...