By Gift Chiponde

Lilongwe, June 7, Mana: Secretary to the President and Cabinet (SPC), Colleen Zamba has hailed the signing of the Memorandum of Understanding (MoU) between government and African Climate Foundation (ACF) for investment into climate adaptation saying it represents a significant step in acknowledging and addressing the impacts of climate change in the country.

She made the remarks during signing in ceremony of the MoU which took place at the Office of President and Cabinet (OPC) at Capital Hill in Lilongwe on Wednesday.

Zamba indicated that the signing of the MoU marks the beginning of partnership between the two parties in addressing issues of climate change.

In her address, Special Adviser of the ACF, Irene Karani conveyed the Foundation's gratitude and the warm reception received from the government of Malawi and the productive discussions that led to the signing of the MoU.

She highlighted ACF's commitment to collaborating with the Government and the private sector across the country to bolster the economy through climate change adaptation.

The MoU offers the opportunity for the country to develop investments in adaptation, resilience and build a strong and resilient economy in the face of climate change.

It will facilitate access to innovative investment mechanisms in climate change particularly enterprises across the country.

Notably, the AFC is an African-based climate-focused philanthropic organization and is backed by various global philanthropic funds.