Friday, December 12, 2025

AfDB extends $10 mln grant to enhance climate information systems

The Board of Directors of the African Development Bank has approved a $10 million grant from the Green Climate Fund, for which the Bank is the accredited agency, to improve Liberia’s early warning weather systems.
The project will also receive $431,969 from the Bank’s ClimDev Africa Special Fund and $1 million from the government of Liberia. The funding will strengthen the country’s capacity to produce tailored, sector-specific climate information services for the benefit of the most vulnerable. Weather disasters cost the country around $6.17 million each year, a figure that is expected to almost double in the next decade, and triple by 2040 under the baseline scenario.
Samuel D. Tweah, Jr., Liberia’s Minister of Finance and Development Planning, said: “Liberia will be better equipped to generate and disseminate accurate climate and weather information for climate change mitigation and early warning, food security, water security and environmental protection. These improvements will enable us to understand how disaster losses occur and how to avoid them in the future, saving lives and preventing economic losses.”

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

IMF Urges Ethiopia to Deepen Forex Reforms, Maintain Fiscal Discipline

The International Monetary Fund (IMF) has called on Ethiopia...

How Smarter Business Operations Lead to Long-Term Growth

You will find that most business owners spend the...

አይኤምኤፍ ለኢትዮጵያ 261 ሚሊዮን ዶላር እንዲለቀቅ የባለሞያዎች ደረጃ ስምምነት ላይ ደረሰ

ዓለም አቀፉ የገንዘብ ተቋም (አይኤምኤፍ) ከኢትዮጵያ ጋር በ3.4 ቢሊዮን...

ሁሉም ባንኮች አዲስ እና ነባር ሂሳቦችን ለማስተሳሰር ወደ VeriFayda 2 እንዲሸጋገሩ ተወሰነ

የኢትዮጵያ ብሔራዊ ባንክ እና የብሔራዊ መታወቂያ ፕሮግራም፣ የፋይዳ ዲጂታል...

NBE orders financial institutions to link accounts with Fayda ID

The National Bank of Ethiopia (NBE) has ordered all...

TECNO’s AFCON-Ready AI Features Reflect a New Era in Mobile Sports Viewing

#Advertorial TECNO, official CAF global partner, introduces four intelligent tools...

Instant Payments, Big Data & High Availability: Why Banks in Ethiopia Need a Robust Data Backbone

By Demos Kyriacou Instant payments, big data and high availability...

Notice of Meeting

To All Shareholders of Shabelle Bank S.C Shabelle Bank Share...
spot_img

Related Articles

Popular Categories

spot_imgspot_img