Browsing: GCF

climate-resilient farmers

IFAD’s innovative finance plan for climate-resilient farmers in East Africa

Industry and Trade
  • Creating climate-resilient farmers to address climate change has become urgent.
  • Access to finance is essential to sustain and improve the agricultural livelihoods that vulnerable rural communities rely upon.
  • Supporting small and medium-sized enterprises in rural areas supports increased employment, income, and services to rural communities.

 

East Africa is frequently impacted by food shortages and clusters of hunger due to complex mix of factors including unstable social and political environments, macroeconomic imbalances in trade and climate change.

Floods, pests, diseases are just a number of challenges hindering farmers in East Africa who rely on rainfed agriculture.

Not only these farmers are significantly limited by their marginalized conditions but also their lower capacity to adapt.

Climate change is another problem the world and this case Africa faces. It impacts the way struggling farmers navigate through crop failure and profitable market limitation.

Following the recent release of data confirming a sharp global …

Can Tanzania’s agriculture industry feed East Africa?

Countries

The CRDB alone offers at least 40 per cent of all loans issued to the sector and also unveils a vast opportunity package for local farmers via financing climate-resilient and adaptation projects in Tanzania, making available $200 million in agri-loans for the taking.

According to The Citizen, the adaptation projects target six million beneficiaries in Tanzania’s agriculture industry.

Top bankers are now taking agriculture as a viable product to invest in and develop. Tanzania’s best-performing retail bank, NMB, has set up a specialised agri-business department to serve and effectively attend to all farming financial aspirations.

Tanzania’s agriculture ministry has ramped up funding in research and development from $3.15 million to $4.86 million in the financial year 2022/2023. Further, irrigation is taking a new shift in Tanzania. According to the ministry, the area irrigated has increased from 695,045 hectares in 2020/2021 to 727,280 hectares in 2021/2022.…

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Renewable energy: a boon to Africa’s jobless?

Industry and Trade

The expansion of Africa’s economy—exemplified by East Africa’s vibrant economies(Kenya, Tanzania, and Rwanda) by adopting the manufacturing industry landscape and marrying it with high-end technological developments have both triggered a demand for more power,currently leaning towards renewable energy—all the while grappling with the challenge of high unemployment rates.

The United Nations 25thConference of Parties (COP 25) on climate change highlighted strictly on nations mitigating greenhouse gas emissions by adapting to renewable energy in their economies.

Morocco and Zambia are now embracing the adoption of wind and solar power with assistance from Green Climate Fund (GCF) and the African Development Bank (AfDB).

GCF and AfDB supported Zambia with a $154 million renewable energy fund to finance its framework, and lift the nation from electricity demand challenges, as the country relies on hydropower generation for 90 per cent of its needs.

Renewable energy in Africa could be a mighty saving…

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