• About
  • Become a Climate Reporter
  • Send Us Your Report
  • Submit A News
  • Support Us
  • Privacy Policy
  • Contact Us
Friday, May 30, 2025
NEWSLETTER
Africa Climate Reports
No Result
View All Result
  • HOME
  • CLIMATE CHANGE
  • SUSTAINABLE DEVELOPMENT
  • FOOD
  • FOREST
  • ENERGY
  • WASH
  • LAND
  • OTHERS
    • FINANCE
    • HEALTH
    • OCEANS
    • TOP STORIES
    • MOST POPULAR
    • COLUMNISTS
    • INTERVIEWS
    • OPINIONS
    • PHOTOS
    • VIDEOS
Africa Climate Reports
  • HOME
  • CLIMATE CHANGE
  • SUSTAINABLE DEVELOPMENT
  • FOOD
  • FOREST
  • ENERGY
  • WASH
  • LAND
  • OTHERS
    • FINANCE
    • HEALTH
    • OCEANS
    • TOP STORIES
    • MOST POPULAR
    • COLUMNISTS
    • INTERVIEWS
    • OPINIONS
    • PHOTOS
    • VIDEOS
No Result
View All Result
Africa Climate Reports
No Result
View All Result

AfDB Grant to boost Malawi’s Resilience against Climate Change

by Jiata Ekele
June 21, 2022
in CLIMATE CHANGE, Featured, FINANCE
0
Home CLIMATE CHANGE
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter
AfDB grant to boost Malawi’s resilience against climate change – Image credit: [sarayutsy]©123RF.com

The African Development Bank (AfDB) has extended two grants to the tune of $9.25 million for the rollout of the Climate Disaster Risk Financing in Malawi. This will assist the country with the effects of climate change.

The two grants will be part of the Africa Disaster Risk Financing Programme (ADRiFi) in Malawi. The move will boost the country’s resilience against climate-related shocks and food insecurity.

The funding will support the government of Malawi to develop climate risk management solutions and pay its sovereign risk premium for the transfer of drought risks under the Africa Disaster Risk Financing Programme.

The initiative, a partnership between the African Development Bank and the African Risk Capacity Group (ARC), enhances the preparedness and strengthens countries’ financial resilience against climate hazards by supporting participation in ARC’s sovereign risk pool. ADRiFi’s presence in Malawi will help shield the country’s smallholder farming communities — including women and children — from the worst impacts of drought.

RelatedPosts

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

The first grant, worth $4.9 million, will come from the African Development Fund. The ADRiFi Multi-Donor Trust Fund will provide financing for the second grant valued at $4.35 million. The grants will support the first of two phases of the program, covering the 2022-2023 period. The government of Malawi and ARC will also contribute funding toward total costs of $10.13 million for Phase 1 of the programme.

“Africa is the world’s region most vulnerable to climate change-related weather extremes like flooding, droughts and tropical cyclones,” said Dr Beth Dunford, the AfDB’s Vice President for Agriculture, Human and Social Development.

“We welcome Malawi into the Africa Disaster Risk Financing Programme, which boosts participating countries’ ability to respond rapidly to the aftermath of climate-related disasters, arrange finance before shocks and better serve their most vulnerable populations impacted by the effects of climate shocks,” she added.

Agriculture contributes about 30% of Malawi’s GDP and employs about 64% of its workforce. The nation’s agriculture sector is primarily dependent on rainfall. However, rainfall patterns have grown more erratic and harder to predict due to climate variability, and climate-induced shocks are predicted to become more frequent and severe, especially in southern Africa. This has increased the vulnerability of rural dwellers, including farmers, and the overall economy, to weather-related shocks.

ADRiFi will safeguard investments and development gains in Malawi related to five AfDB agricultural projects, including rebuilding infrastructure damaged when disaster strikes. Grant funds will also go to build the capacity of national agencies that manage disaster risk.

The rollout of the disaster risk initiative aligns with the country’s 2019-2024 Disaster Risk Financing Strategy, which identifies insurance as a tool to address the risks of climate disasters. It also advances Malawi’s Vision 2063, which aims to promote a transformative agriculture sector that is smart and resilient to climate change.

Malawi is the ninth country to join the ADRiFi programme. The other participants are Gambia,  Mauritania, Niger, Sudan, Madagascar, Mozambique, Zambia and Zimbabwe. Under the initiative, Madagascar, Mauritania and Niger have already received insurance payouts with a combined value of $17 million. The funds have been used for recovery efforts following drought and tropical cyclones.

The Africa Disaster Risk Financing Programme enhances African countries’ ability to evaluate climate-related risks and costs, respond to climate-related disasters and review adaptation measures. The initiative also provides initial financing for countries in need of support.

ARC is a specialized agency of the African Union that helps African governments improve their capacity to better plan, prepare, and respond to extreme weather events and natural disasters.

The AfDB manages the ADRiFi Multi-Donor Trust Fund with contributions from the United Kingdom and Switzerland. The fund, together with the African Development Fund, makes resources available to support the payment of premiums by African countries to protect their exposed vulnerable populations, increase the number of participants in the risk pool and make the African Risk Capacity an effective pan-African initiative.

Tags: afdbAgricultureclimate changeclimate resiliencedroughtMalawirisk mitigation transactionstechnologies
ShareTweetSendShare
Jiata Ekele

Jiata Ekele

Jiata Ekele is a Staff Writer at the Africa Climate Reports (ACR).

Related Posts

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition
CLIMATE CHANGE

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

May 22, 2025

By Ken Koutchakpo As South Africa moves toward a low-carbon future, communities most affected by the extractive economy demand to...

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture  at Mega Field Day
Atâyi Babs LIVE!

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

April 22, 2025

An expert displaying how decarbonisation practices reduce biogenic methane from rice cultivation By Atayi Babs Food and agricultural systems are...

Next Post
Ghana’s Crop Production continues to be Devastated by Climate Change

Ghana’s Crop Production continues to be Devastated by Climate Change

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

Côte d’Ivoire targets Food Security through Capacity Development for Rice Farmers

1 week ago
Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

1 week ago
L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

Africa Strengthens Rice Value Chain with Second Session of Rice Master Training Programme

2 weeks ago
L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

2 weeks ago
Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

3 weeks ago
Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture  at Mega Field Day

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

1 month ago

Popular News

    Social Media

    ABOUT US

    Africa Climate Reports is Africa’s first and largest bilingual journal dedicated to opening new vistas in the coverage and reportage of climate change and the region’s environment. With a multi-lingual team of talented reporters from across the continent, we tell the African climate story in a refreshingly lucid, communally engaging and technically robust manner.

    SITE LINK

    • About
    • Advertise
    • Careers

    OTHER LINKS

    • About
    • Become a Climate Reporter
    • Send Us Your Report
    • Submit A News
    • Support Us
    • Privacy Policy
    • Contact Us

    NEWSLETTER

    Be the first to get notified when we have something new to share. Get Africa Climate Reports newsletter directly into your email.
    we promise not to spam you!
    • About
    • Advertise
    • Careers

    © 2024 All Rights Reserved- Africa Climate Report - Designed by Prexy

    No Result
    View All Result
    • HOME
    • CLIMATE CHANGE
    • SUSTAINABLE DEVELOPMENT
    • FOOD
    • FOREST
    • ENERGY
    • WASH
    • LAND
    • OTHERS
      • FINANCE
      • HEALTH
      • OCEANS
      • TOP STORIES
      • MOST POPULAR
      • COLUMNISTS
      • INTERVIEWS
      • OPINIONS
      • PHOTOS
      • VIDEOS

    © 2024 All Rights Reserved- Africa Climate Report - Designed by Prexy