El Niño may have cost Africa up to $20B

The African Development Bank has projected that the extreme El Niño phenomenon expected to intensify may cause economic losses ranging from $10 billion to $20 billion for the affected African countries, with GDP declining by between 1% and 2%. The phenomenon leads to significant climate changes, including droughts and floods, which impact food and water security, and pose risks of increased migration waves and infrastructure damage. It is also anticipated that addressing its effects will require funding of up to $100 billion, adding to the challenges facing public finances and vital sectors, especially in the most vulnerable countries such as Sudan, South Sudan, and Nigeria.

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