Featured image: Stock BRICS UNDP China, CCIEE launch report to facilitate low-carbon development Cyclone Kenneth is the most extreme tropical tornado to hitMozambique in the last 60 years, according to official records. The bank’s Climate Fund will also release $150,000 to Malawito enable authorities to assist communities and internally displaced personsimpacted by the cyclone. Disaster strikes twice AFD and Eskom commit to a competitive electricity sector The bank is also planning to redirect funding, totaling $1.4million, to the immediate relief effort, reallocated from savings andextensions of ongoing bank projects in Malawi’s water, roads and agriculturesectors. Magala revealed that the AfDB has set up an Emergency RecoveryFund, which will disburse $100 million to jumpstart reconstruction efforts inMalawi, Mozambique and Zimbabwe. Infrastructural damage from Idai across Madagascar, Malawi,Mozambique, and Zimbabwe is estimated to be at least $1 billion. The AfDB’s long-term plans include designing and developingmechanisms for climate insurance and mitigating climate change. Speaking from Maputo, Mozambique’s capital on an officialvisit to the affected areas, Mateus Magala, Vice President for corporateservices and human resources said, “What we saw on the ground in Mozambiqueafter Idai, and in camps housing internally displaced persons in the south ofMalawi, shows that we need to focus on restoring the dignity of citizens andthe economic stability of communities when disaster strikes.” “We are on the brink of an unprecedented humanitariancrisis. We need to brace up for post-cyclone flooding, landslides and diseaseoutbreaks,” Adesina warned. The AfricanDevelopment Bank (AfDB) has called for urgent global action in the wake of asecond cyclone to hit the southern Africa coastal region in six weeks. Low carbon, solar future could increase jobs in the future – SAPVIA Finance and Policy RELATED ARTICLESMORE FROM AUTHOR TAGSAFDBClimate changeFinanceMozambique Previous articleS.Africa is falling behind world automation leaders, says UNISA professorNext articleHousing development goes solar to avoid loadshedding Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Cyclone Kenneth ripped through Comoros and Mozambique lastweek and is likely to cause extreme flooding in areas where more than 70,000people live, according to the country’s National Directorate for the Managementof Water Resources. The official death toll now stands at 1,007, with 602 killedin Mozambique, 344 in Zimbabwe, 60 in Malawi and one in Madagascar, accordingto relief agencies. Emergency Recovery Fund Generation On 15 March, cyclone Idai began pounding Madagascar, Malawi,Mozambique, and Zimbabwe and impacted the livelihoods of more than 3 millionpeople. “Timely intervention of national, regional and internationalactors and stakeholders are crucial when disaster strikes. Increasingly,Africa’s ecological challenges will only be successfully tackled through theharmony of efforts and activities of continental and global institutions,”Adesina said. “We must have concerted international cooperation toestablish management systems and responses to combat natural disaster,” commendedthe bank’s President, Akinwumi Adesina.