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Rwanda and partners to seek further 300 million euros for climate resilience

Rwanda and partners to seek further 300 million euros for climate resilience

RWANDA and international development banks plan to raise an extra 300 million euros ($328.86 million) to help the country adapt to a changing climate, the International Monetary Fund (IMF) said. In April, the IMF said it had allowed for a disbursement of $98.6 million of an initial $319 million. It said on Thursday, the new support would build on that and the Rwandan government's fund-raising efforts would be helped by France's Agence Française de Développement (AFD), the European Investment Bank (EIB), Italy's Cassa Depositi e Prestiti (CDP), and the International Finance Corporation (IFC). The proceeds will help businesses in Rwanda to access…
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Tunisian wildfires scorch cork industry

Tunisian wildfires scorch cork industry

JIHED ABIDELLAOUI FOR cork collector Khaled Warhani, the wildfires that devastated part of northern Tunisia's lush woodland this summer were a warning of how the changing climate will hurt his livelihood. Though the fires were far worse in neighbouring Algeria, the blaze that raged through the forested hills around Ain Draham burned 1,000 hectares (2,470 acres) of woodland, including many of the cork oak trees that local people harvest each autumn. "When the forest burns, we have nowhere else to work and will have nothing to eat," said Warhani, who had laden his donkey with thick, springy cork bark to…
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