Staff Writer The African Development Bank Group (AfDB) and the Japan International Cooperation Agency (JICA) have called for a new approach to financing climate action to back Africa’s efforts to tackle climate change. During a meeting in Tokyo, both organisations acknowledged that traditional concessional loans are not enough. They emphasised the importance of innovative financial…
Staff Writer Zimbabwe must prioritise a circular economy and climate-smart agriculture to ensure sustainable economic development, UN Resident Coordinator Edward Kallon has said. Speaking at the Zimbabwe National Chamber of Commerce Annual Congress, Kallon highlighted the importance of resource efficiency and waste reduction. He noted that a circular economy framework emphasises resource efficiency and waste…
Staff Writer The International Monetary Fund (IMF) says the current drought in southern Africa will put pressure on external balances and public spending. From January 2024, several parts of Southern Africa experienced significantly below-average rainfall. Zimbabwe, Zambia, Malawi, Angola, Mozambique and Botswana received less than 20 percent of the typical rainfall expected for February, with…
