Africa receives only 23% of the climate finance it needs and pays too much for what it does get, according to The Conversation Africa. African countries have committed under the 2015 Paris Agreement to cut greenhouse gas emissions and protect their populations from worsening climate impacts, requiring billions for clean energy and resilient agriculture, water systems and infrastructure. However, the continent received an average of just US$43.7 billion a year, falling far short of requirements.

The International Fund for Agricultural Development (IFAD) and Equity Group have launched a US$200 million financing mechanism aimed at expanding access to climate adaptation finance for smallholder farmers and rural businesses in East Africa. The initiative, called the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM), was unveiled on Friday and is designed to help beneficiaries invest in climate-resilient agriculture, according to Matooke Republic.

A Sh25.9 billion climate fund has been launched to provide financing to farmers and rural businesses, according to Capital FM Business. The 12-year programme will operate in Kenya, Uganda, Tanzania and Rwanda, supporting climate-resilient investments across the agricultural sector. The initiative is intended to expand access to funding for rural enterprises adapting to climate pressures, though the blurb does not identify the fund’s managers, eligibility rules, or specific financing instruments.

Catalyst Fund has raised $30 million for its investment strategy focused on climate resilience in Africa, with new investors including the International Finance Corporation, Shell Foundation, and Trafigura Foundation. The fund aims to support early-stage startups that are developing solutions to climate-related challenges across the continent, reflecting a growing interest in adaptation technologies.

According to The Conversation Africa, East Africa is facing increasing climate shocks, making climate adaptation a priority for national and regional public policies. However, these policies often rely on threshold values and baseline data that are not specific to arid zones. To create truly useful local benchmarks, the knowledge accumulated by rural communities must be recognized as an essential source of data.

Lagos State is proposing a Climate Finance Preparedness Clinic aimed at enhancing Nigeria's climate finance ecosystem and facilitating investments for sustainable development, according to Punch.