@Standard

World Bank to use Sh5 trillion in climate change drive - 3 weeks ago, 00:06

By: Moses Omusolo

The World Bank has set aside 5.08 trillion ($50 billion) to tackle challenges posed by climate change around the world over the next five years.

The financing level, an average of $10 billion (Sh1 trillion) a year, is more than double what the global lender allocated during financial years 2015-18.

“Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because simply put, the climate is changing so we must mitigate and adapt at the same time,” said World Bank Chief Executive Kristalina Georgieva in a statement.

 “We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affected,” she added.

Georgieva said the increase in adaptation financing would support activities, including delivering higher quality forecasts, early warning systems and climate ...
Read More


Category: topnews news business

Suggested

1 hour ago
KPL may lose its sponsorship should FKF take charge: Aduda

According to Aduda, failure by FKF to renew the KPL contract would mean the sponsors of the top-tier competition will “walk out” since they have no contract with FKF as far as the league’s top ...

Category: topnews news sports
1 hours ago, 13:12
Interpol not looking for Joho, wants forged document probed- DCI

Police have cleared Mombasa Governor Hassan Joho over allegations he was wanted by Interpol for trading in drugs. The revelations were made in a letter by Director of Criminal Investigations George ...

Category: topnews news
1 hour ago
Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said ...

Category: topnews news
1 hours ago, 13:12
Two Kenya Airports Authority employees arrested over theft of luggage straps

Detectives from the Directorate of Criminal Investigations (DCI) on Saturday morning arrested two Kenya Airports Authority (KAA) employees for stealing luggage straps. Evans Okola Agunda, an Aircraft ...

Category: topnews news
14 minutes
Raila pleads with striking nurses to resume work

ODM leader Raila Odinga has pleaded with striking nurses across the country to resume duty for the sake of suffering patients.Speaking during a funeral ceremony in Samia sub county on Saturday, Raila ...

Category: topnews news
1 hours ago, 12:52
Has the Undertaker retired? WWE fans fear the worst ahead of WrestleMania 35

The Undertaker has reportedly finally retired as a wrestler. The WWE legend sent wrestling fans into meltdown when it was confirmed he would be appearing at the Starrcast II convention. The booking ...

Category: sports topnews news