What should Africa expect from COP28

The most important event on climate change is about to begin. World leaders, heads of multilateral institutions, civil society advocates, top private investors, and representatives from special interest groups are among the nearly 70,000 people flocking to the oil-rich desert lands of the United Arab Emirates. This year’s Conference of Parties (COP) is the most…

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Africa needs a transformative methane strategy at COP28

To accelerate methane action, Africa needs a transformative strategy that will reduce perceptions of risk associated with investment projects, introduce sustainable financial models, and foster cooperation with multidevelopment institutions. The call for action was emphasized during a high-level panel titled “Financing Methane Action in Africa”, that was organized by AfriCatalyst, a leading global development advisory…

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PRESS RELEASE: African experts call for new paradigm to unlock methane action financing

As global methane emissions continue to rise, African policymakers, ahead of COP28, are calling for a transformative approach to finance methane reduction initiatives across the continent. The call for action was emphasized during a high-level panel titled “Financing Methane Action in Africa”, organized by AfriCatalyst, a leading global development advisory firm.  The African Development Bank…

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Attracting private sector finance to spearhead Africa’s development

For years, the private sector has been acclaimed as the critical engine of Africa’s development. It accounts for over 80% of total production and two-thirds of total investment. It also provides around 90% of employment on the continent, including formal and informal jobs. Recent shocks such as the COVID-19 pandemic and the global inflation caused…

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AGOA’s successes in Africa demand an extension

Since its enactment in 2000, the African Growth and Opportunity Act (AGOA) has been at the core of commercial and economic engagement between African countries and the United States of America. Currently, policymakers from both regions are meeting in the South African city of Johannesburg to discuss what the future of the game-changing trade agreement…

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Africa’s Development Dilemma: Why Public-Private Partnerships Aren’t Meeting Expectations

Africa faces serious infrastructure gaps as over 600 million people are estimated to lack access to electricity, and 60% of the population is unable to access modern infrastructure. According to the African Development Bank (AfDB), the continent needs $170 billion annually to address these problems. As a result, governments have been exploring new forms of…

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