Thursday, July 18, 2024

African Development Bank commits to help Malawi combat impact of climate change

Chakwera; has won donor confidence

The African Development Bank, alongside other multinational development banks, has pledged support to African nations such as Libya, Malawi, Mozambique, and Zimbabwe, grappling with existential threats from climate change. The banks commit to collaborative efforts in attracting private capital, broadening climate reporting, assisting countries in identifying priorities and investment opportunities, and facilitating access to multimedia content.

A notable initiative includes the construction of the Songwe River Basin, a versatile dam set to generate 80 megawatts of hydroelectric power for Tanzania and Malawi. Minister of Water, Abida Mia, appreciates these commitments, emphasizing their timely arrival as Malawi, despite minimal contributions to global warming, faces significant climate change risks.

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