AFNIS’ Post

The African Development Bank (AfDB) Pushes for Africa’s Development at UNGA 79 As the world gathers in New York for the 79th UN General Assembly, the African Development Bank (AfDB) is leading efforts to address key issues critical to Africa's development. Under the leadership of Dr. Akinwunmi Adesina, the AfDB will emphasize the continent’s need for climate action, financial reforms, peace, and food security, aligning with the Bank’s High-5 agenda and the African Union’s Agenda 2063. Adesina’s participation at “The Summit of the Future” will focus on strengthening global partnerships and mobilizing private sector support for Africa’s sustainable growth. At the heart of AfDB's efforts is a major push to secure $25 billion for the African Development Fund (ADF) to support Africa's fragile states. Adesina will also present the Bank’s flagship Desert to Power program, aimed at creating the world's largest solar energy zone in the Sahel and connecting 250 million people to electricity by 2030. His agenda includes discussions with UN Secretary-General António Guterres on reforming multilateral development banks and enhancing private sector participation in African development. Additionally, Adesina will co-chair a meeting of the Access to the Digital Economy (MADE Alliance-Africa), advocating for digital access for 100 million Africans, including farmers, within the next decade. These engagements underscore AfDB’s commitment to accelerating Africa’s progress towards achieving the SDGs by 2030. #AfDB #UNGA79 #SustainableDevelopment #Africa #DigitalEconomy #DesertToPower #ClimateAction #Agenda2063

🎬 2024 African Economic Conference kicked off in #Gaborone, #Botswana! Honored to have the newly elected President of Botswana, H.E. Mr. Duma Gideon Boko, at the opening session, calling for courage, honesty, and action to drive sustainable development across Africa. I was delighted to join the High-level Development Dialogue on Global Economic Trends, with KEVIN CHIKA URAMA, African Development Bank Group, and Raymond Gilpin, UNDP. I called for bold steps to unlock #GreenInvestment for Africa’s growth and climate response: 1⃣Tap the potential of green minerals and develop the value chains, so we can create more jobs and value addition within our countries 2⃣Shift the narratives on Africa, as our continent is not short of successful stories on green investments 3⃣Strengthen regulatory frameworks, so there would be more policy certainty for investors 4⃣Leverage the #AfCFTA and harmonize the investment frameworks, to create bigger markets for investment 5⃣Develop reliable, high-integrity carbon markets, so our contribution to climate action can be fairly compensated 6⃣Use innovative finance tools and sovereign/MDB backed guarantees to de-risk private sector investment Africa shall no longer export our development opportunities by exporting raw materials. We must turn the challenges into opportunities, and vulnerability into leadership. In Baku, negotiations at COP29 had been painful but the light of hope was the youth with incredible energy and aspiration. Let’s work together and ensure we do not fail our future generations. #AEC2024 United Nations Economic Commission for Africa United Nations

#Environment: Unlocking Carbon market funding for sustainability in Central Africa 🌍A conference on climate action and decarbonizing the economy was held in #Yaoundé, #Cameroon from January 23rd to 25th. The primary goal was to develop a strategic regional approach to support voluntary carbon market initiatives in the French-speaking Central Africa region, especially the Congo Basin. The event brought together key stakeholders from climate finance, public and private sectors to address the specific challenge of the Congo Basin forests and the potential carbon credits. Dieudonné Mekou Evou , President of the #BDEAC*, and Cécile Martin Phipps, President of the #IFDD**, were both speakers at the conference. Although the #DRC and #Rwanda lead in carbon market initiatives, other countries in Central Africa also show political will toward market development. 💡Central Africa, like the West, is impacted by the emergence of carbon markets. Experts estimate that by 2050, the continent could become a major carbon credit exporter, potentially generating significant capital and employment opportunities. 💬 Interested in supporting sustainable development in Africa ? Please contact us, we will be glad to guide you in terms of investment and advisory. 📩 info@hamilcarcapital.com #Advisory #Investment #research #HamilcarCapital #Economy #Africa  #CarbonMarket #Sustainability #ClimateAction #Development *Central African Development Bank **Francophonie Institute for Sustainable Development

A New Era has dawned for Africa! At #COP29 in #Baku, #Azerbaijan, we witnessed a significant milestone with the launch of a new multilateral #ClimateInvestmentFund capital market mechanism, introduced by UK Prime Minister #KeirStarmer and African Development Bank Group President #AkinwumiAdesina. This fund will be listed on the #LondonStockExchange, further solidifying London’s position as a global hub for green investment. President Adesina emphasised that this initiative is expected to unleash the leveraging power of multilateral development institutions, raising tens of billions of dollars to support vital #climatechange actions across Africa. This launch represents not just an opportunity for financial growth but a commitment to sustainable development and resilience in the face of climate challenges. A new era has indeed dawned for Africa, where innovative financing mechanisms empower us to tackle pressing environmental issues and foster economic growth. Together, we can build a greener future for our continent and ensure that Africa plays a pivotal role in the global response to climate change. #ClimateFinance #SustainableDevelopment #GreenInvestment #Africa #COP29

From 2030 Agenda for Sustainable Development to African Union Agenda 2063, the importance of industrialization has been recognized for African countries in economic growth, technology innovation, poverty eradication and employment creation. As we observe the Africa Industrialization Day today, and in light of the Third Industrial Development Decade for Africa (2016-2025) proclaimed by the General Assembly in 2016, I encourage the international community to actively support the industrialization in Africa, and to firmly anchor the African continent on a path towards inclusive and sustainable industrial development.

🌍 The Future of Africa is in the Hands of its Youth! 🌍 With its vast wealth of raw materials, minerals, and land, Africa's growth potential is enormous. But the true key to unlocking this potential lies in our youth. With a continental average age of 17.4, Africa is a young and vibrant continent full of promise. At APA Group, we are committed to educating, empowering, and inspiring the next generation of African leaders to develop intellectual mindsets and a deep understanding of their role in shaping the future. We believe that Africa’s resources aren’t just in its land but in its people—especially its youth. In a time when Africa faces challenges and opportunities like never before, we must invest in the youth, providing them with the tools and knowledge to drive the continent forward. Africa needs them now more than ever. Together, we can build a future that taps into the full potential of Africa's youth, transforming not just industries, but entire communities. 🌱 Empower today, Lead tomorrow! 🌱 #EmpowerYouth #AfricaRising #APAGroup #FutureLeaders #SustainableDevelopment #YouthEmpowerment #AfricaPotential #MineralWealth #NextGeneration #AfricaYouth #InspireChange

#Africa is central to the worldwide mission to eradicate poverty on a livable planet, accounting for over 70% of IDA's global commitments. (The World Bank) The IDA for Africa Heads of State Summit is currently taking place in #Kenya. African governments, civil society, and youth will examine the key priorities for financing in Africa and push an ambitious financing replenishment of IDA21, the current IDA replenishment cycle. “With an historically large IDA replenishment, Africa can become an even stronger contributor to global prosperity and progress. This is a moment of incredible opportunity for Africa and for the world, to not just imagine a better future, but to build it for people and for the planet. Let’s not waste it,” say Mavis Owusu-Gyamfi (Vice President, African Center for Economic Transformation (ACET)) & Ndidi Okonkwo Nwuneli (CEO, The ONE Campaign) for African Business Magazine. In the article on their expectations for the summit they stress the importance of meeting the challenges and opportunities of the growing continent, among other things: https://lnkd.in/d3U25pGN We believe that joining forces in dialogue is key: At our Circle “Adapting the Global Financial Architecture: Leveraging #IDA for Multilateral Solutions” with partner The World Bank, we discussed the need to reform the Global Financial Architecture with a particular focus on the replenishment of #IDA21.

There has never been a more urgent need for the AAI to step up to close the adaptation gap, and support partners to make targeted efforts to address the adaptation finance and implementation gap in Africa. From mobilising resources and investments, to enhancing knowledge and collaboration, and scaling up the implementation of adaptation flagship and pilot projects on the African continent. By convening the key actors, and catalysing greater transfers of knowledge and finance, it is hoped and expected that delivering this Strategy will catalyse the meaningful and impactful changes on the ground that are starkly needed by the vulnerable African communities faced with the ongoing and projected impacts of climate change. Our board is composed of all relevant stakeholders: . African union . AMCEN . UCLGA, representing all 16,000 cities and local governments of Africa . PACJA, representing African civil society . And 1 country representative for every African region to represent the region. #climatechange #adaptation #climatejustice #africa

Unlocking Agenda 2063’s potential in Africa; The 2063 Agenda, also known as the Africa Agenda 2063, is a strategic framework for the socio-economic transformation of Africa. It was adopted by the African Union in 2015 and has seven aspirations: 1. A United and Integrated Africa: A continent with seamless borders, economic integration, and a shared vision. 2. A Prosperous Africa: A continent with a growing and inclusive economy, full employment, and reduced poverty. 3. An Africa of Good Governance: A continent with democratic values, human rights, and the rule of law. 4. A Peaceful and Secure Africa: A continent free from conflict, terrorism, and violence. 5. An Africa with a Strong Cultural Identity: A continent that celebrates its diversity and promotes African culture. 6. An Africa Whose Development is People-Driven: A continent where citizens are empowered and play an active role in development. 7. Africa as a Dynamic Force in Global Affairs: A continent that plays a significant role in global affairs and is a major player in international relations. These aspirations aim to create a prosperous, peaceful, and united Africa by 2063. Through sustainable development growth, we can: Reduce poverty and inequality. Promote renewable energy and climate resilience. Empower youth and women. Foster regional integration and global partnerships. Let's accelerate progress towards Agenda 2063 and create a sustainable future for Africa!

Are We on Track to Achieve the SDGs by 2030? In Africa, only 6% of the 32 measurable #SDG targets are on track to be achieved by 2030. Recent assessments by UNDP, African Development Bank Group and UN Economic Commission for Africa reveal that while there’s been modest progress in poverty reduction, multiple crises have slowed our momentum. Read more about the recommendations to accelerate progress on the SDGs and Agenda 2063 in this crucial report: https://lnkd.in/dUqZtdKE #SustainableDevelopment #Africa #SDGs #Agenda2063 #GlobalGoals #TwentyforGood"