AfDB’s $1 Billion Insurance Facility Aims to Shield African Farmers from Climate Risks at COP28
In a significant announcement during COP28 in Dubai, the African Development Bank Group (AfDB) revealed its strategic plan to introduce a $1 billion insurance facility, designed to safeguard over 40 million farmers across Africa from the adverse impacts of climate change. Known as the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA), the initiative gained […]