Africa receives only 11% of annual climate finance need, UNECA reports
via The Reporter Ethiopia6 min read
Africa currently receives only 11 percent of the USD277 billion in climate finance required annually until 2030, according to the United Nations Economic Commission for Africa UNECA. Despite contributing less than four percent of global greenhouse gas emissions, Africa remains highly vulnerable to climate change impacts. African climate leaders, negotiators, policymakers, and partners convened at the seventh Africa Climate Talks, emphasizing the need to transition from climate commitments to credible implementation. Fitsum Assefa, Minister of Planning and Development of Ethiopia, attended the meeting. Claver Gatete, Executive Secretary of UNECA, stated that COP32, which Ethiopia will host in 2027, must be a turning point to restore trust in the multilateral climate system. Gatete highlighted that climate impacts, such as rising temperatures, floods, droughts, and sea-level rise, are worsening faster than current responses, threatening food security, water supply, infrastructure, and public finances across Africa. He also noted that Africa offers significant solutions, including abundant renewable energy resources and a young, innovative population. The talks aim to consolidate Africa’s post-COP30 climate agenda and refine its approach to COP31 and COP32, focusing on climate finance, adaptation, loss and damage, and just transitions. Gatete stressed that adaptation must be a development priority for Africa and called for stronger data systems, expanded early warning coverage,
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Ethiopia's Ministry of Finance announced the restoration of daily diesel supply to nine million liters, following a two-month period of reduced volume due to supply disruptions caused by the US-Israeli war in Iran. Fuel trucks have begun transporting diesel from Djibouti to Addis Ababa, with more expected to reach regional towns and cities. This development is anticipated to alleviate the challenges faced by truck and public transport drivers who have experienced long queues at pumping stations. The diesel crisis had previously impacted food and commodity prices, particularly fresh produce, and led to a nearly 17 percent increase in diesel retail prices to 163.09 Bir per liter. Reports also indicated a rise in illicit fuel trade during the disruption. Talks between the US and Iran have stalled after eight weeks of fighting, raising concerns about shipping through the Strait of Hormuz.
Dashen Breweries SC has announced the appointment of Matiyas Getachew as its new Chief Executive Officer. This appointment marks a significant transition as Matiyas becomes the first Ethiopian executive to lead a major brewery in a sector traditionally headed by expatriates. Matiyas joined Dashen in 2020 as Chief Financial Officer and was named acting CEO last year after the departure of Mario Van Geldern. The company elevated him to permanent CEO due to his strong leadership and achievements as CFO during challenging macroeconomic conditions. Matiyas holds a bachelor’s degree from Addis Ababa University’s Commercial College, is a chartered certified accountant, and has a master’s degree from Heriot-Watt University. His international background includes leadership roles at SABMiller, Coca-Cola Beverages Africa, and Diageo. Industry observers note this appointment reflects a broader trend toward local leadership in multinational corporations, with other major players like Coca-Cola and Unilever also recently appointing local CEOs. An industry analyst stated that Matiyas’s appointment shows growing confidence in Ethiopia’s ability to empower homegrown executives to lead large consumer businesses. Dashen Breweries was founded in 2000 by Tiret Corporate, with Duet Group, a UK investment firm, holding a majority stake since 2012.
Must ReadDespite being educated, networked, and aware of grievances, Tigrayan youth and pro-reform elites have struggled to achieve a non-violent transition away from the dominance of TPLF hardliners. This failure is attributed to historical legacies, coercive control, elite fragmentation, war fatigue, external interventions, and survival calculations. The article outlines five interacting factors: historical contingency shaping political identity, the coercive capture of security institutions by hardliners, elite fragmentation co-opting youth energy, war fatigue leading to a preference for stability, and external actors reshaping opportunity structures. A roadmap for non-violent transformation proposes four measures: a verifiable security deconcentration process, inclusive political engineering beyond personality politics, economic stabilization and civic reintegration, and a strategic civic coalition and communication plan. Potential positive scenarios include a managed stalemate evolving into gradual political opening, or a tipping point from successful decentralization of coercive structures. Conversely, negative scenarios include hardliner consolidation, intra-Tigrayan civil war, radicalization of disempowered youth, regional destabilization, and permanent political fragmentation. The article concludes that rekindling confidence among Tigrayan youth and elites requires verifiable, staged changes that reduce existential risks, supported by impartial external facilitation, calibrat
Must ReadWest Asia is at a critical juncture, characterized by unprecedented military exchanges and the erosion of established red lines, demanding bold strategic realignments to prevent further escalation. This period represents a "make-or-break" moment where outcomes are binary: success or failure. The region's foundations are asymmetrically distributed, with Iran's Axis of Resistance having built layered deterrence through proxies and missile arsenals, now tested by targeted assassinations and degraded air defenses. Israel, despite its strong tactical foundations in intelligence and air power, faces strategic overstretch and diplomatic isolation due to a multi-front war. The collapse of Assad's foundation in Syria in December 2024 highlighted the precariousness of apparent strength. Both sides are grappling with novel pressures, such as drone and UAV warfare, which introduce cost asymmetry, favoring Iran in a protracted conflict. The article suggests that if Iran cannot be stopped from going nuclear, Israel could face a nuclear Iran within 12-18 months. The current situation leaves no room for error, with the only options being a controlled halt or catastrophic collapse. While both Iran and Israel have shown resilience, the cost asymmetry of modern hybrid warfare and the unwillingness of either side to back down on their terms point towards the necessity of diplomatic channels. A controlled cessation would require mutually acknowledged thresholds, with Iran seeking sanction relief