Africa: Investment in Irrigation Systems Is Vital in Preparing for the Next Climate Shock

Africa: Investment in Irrigation Systems Is Vital in Preparing for the Next Climate Shock

Kigali — When the African continent experiences erratic rains, crops fail, leaving millions of people facing hunger. Approximately 95% of Africa’s arable land depends heavily on rainfall, which is vulnerable to climate shocks such as drought. El Niño-induced drought expected to hit some parts of Africa, particularly southern Africa, is going to worsen the situation….

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Africa: Investment in Irrigation Systems Is Vital in Preparing for the Next Climate Shock

Africa: Gulf Shock, African Shield

Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, has approved a $10 billion emergency facility to shield African and Caribbean economies from the fallout of escalating tensions in the Gulf, as policymakers race to contain a fresh wave of global economic disruption. The lender’s board signed off on the Gulf Crisis Response Programme (GCRP),…

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Government steps in as fuel shock hits

Government steps in as fuel shock hits

The government said on Tuesday that it would temporarily reduce its general fuel levy by R3/l for one month to offset the impact of the Iran war on domestic fuel prices. However, the move was still not enough to prevent petrol and diesel prices surging on Wednesday, with diesel set to cost up to R7.51/l…

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