Drought-related risks in Africa have led to losses exceeding $70 billion, while the continent's agricultural productivity declined 34% due to climate change, Egyptian President Abdel Fattah El-Sisi said during his speech before the African Development Bank Group’s (AfDB) meetings in Sharm El-Sheikh. The Egyptian president added that Africa's total financing needs to face climate change amount to $3 trillion until 2030. “The problem of climate change and its negative repercussions are not only limited to the scope of the state or a certain region, but it is an existential issue that must come at the top of the strategic priorities of all countries in the world,” El-Sisi said. Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Source: The North Africa Journal May 24, 2023 08:25 UTC