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ADB Ventures Announces Its First Two Investments News provided by Share this article MANILA, Philippines, March 17, 2021 /PRNewswire/ --  The Asian Development Bank's (ADB) new venture arm, ADB Ventures, has announced its first two investments. ADB Ventures invests in early-stage technology companies globally that address urgent development challenges in emerging Asia and the Pacific. Euler Motors Pvt. Ltd., based in India, is an electric vehicle manufacturer and fleet operator focused on last-mile commercial logistics, accelerating India's and Southeast Asia's transition to sustainable ...

Tropical Cyclone Eloise hits Mozambique Format Tropical Cyclone Eloise made landfall early morning on 23 January near Mozambique's city of Beira, causing widespread damage and flooding on a long swathe of coastline and impacting an area still recovering from Cyclone Idai. Neighbouring southern African nations are also being hit by torrential rainfall and flooding from Eloise, which weakened to a tropical storm after landfall. Tropical Cyclone Eloise made landfall at Category 1 strength, with winds of 140 km/h and gusts up to 160 km/h, according to Mozambique’s National Institute of Meteorol...

It will bring hurricane-force winds, heavy rainfall and the risk of coastal flooding, with widespread humanitarian impacts, and underlines once again the importance of WMO’s efforts to strengthen early warnings and build resilience, especially in vulnerable countries on the frontline of climate change. Eloise impacted Madagascar before crossing the Mozambican Channel, killing at least one person and causing damage. It is forecast that Eloise will make landfall near the city of Beira, between the Zambezi delta and Save river delta. Given that Eloise is a large system, there is a high probabi...

Date Time Tropical Cyclone Eloise threatens Mozambique Tropical Cyclone Eloise is intensifying and is expected to make landfall at 0300 UTC on 23 January in Mozambique, as the equivalent of a category 2 strength on the Saffir Simpson scale. It will bring hurricane-force winds, heavy rainfall and the risk of coastal flooding, with widespread humanitarian impacts, and underlines once again the importance of WMO’s efforts to strengthen early warnings and build resilience, especially in vulnerable countries on the frontline of climate change. Eloise impacted Madagascar before crossing the Mozam...