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.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Barrick forecasts 260,000-290,000 ounces from Mali mine in 2026 Loulo-Gounkoto returns to guidance after dispute settlement with Mali Production...
Burkina Faso launches floating cage fish farming project at Yakouta dam Dori site starts with 22 cages, targets 200 tons annually Government pushes...
Rio Tinto drops Glencore merger talks after failing to reach agreement Proposed deal valued combined miner above $200 billion Copper synergies...
Floods damaged over 5,000 km of roads, disrupting transport nationwide Repeated climate shocks strain finances, limiting resilient infrastructure...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...