Road to COP30: AfDB piloting financial instruments to support African countries in tackling climate change

Road to COP30: AfDB piloting financial instruments to support African countries in tackling climate change

COP30 officials group photo. PHOTO/UN. By PATRICK MAYOYO [email protected] As the world prepares for the 30th United Nations Climate Change Conference (COP30), the African Development Bank Group (AfDB) is piloting several innovative financial instruments to help African countries address the escalating impacts of climate change. The main objectives for COP30, which will be held in…

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Africa: 30,000 People From 62 Countries Participating in COP30 People’s Summit in Belém

African Countries Need Strong Development Banks – How They Can Push Back Against Narrative to Weaken Them

A quiet but consequential contest is playing out in the global financial architecture. One that could determine Africa’s ability to finance its own development. In recent months, powerful voices from the International Monetary Fund (IMF), the Paris Club and US investment bank JP Morgan have questioned the preferred creditor status of African multilateral development finance…

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Africa: 30,000 People From 62 Countries Participating in COP30 People’s Summit in Belém

Africa: Travel Between African Countries Is Still Hard – Fresh Ideas to Get Movement Flowing

It remains too difficult for Africans to travel between African countries. Africa-wide reforms have failed. The keynote continental agreement, the African Union’s Protocol on Free Movement of Persons, adopted in 2018, still has only four country ratifications from 55 members. A new report of the African Union bemoans the low (though slightly improved) level of…

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Africa: China and the U.S. Are in a Race for Critical Minerals. African Countries Need to Make the Rules

Africa: China and the U.S. Are in a Race for Critical Minerals. African Countries Need to Make the Rules

Critical minerals such as lithium, cobalt, nickel, copper, rare earth elements, and platinum group metals are essential for modern technologies. They are key to industries ranging from electronics and telecommunications to renewable energy, defence, and aerospace systems. The global demand for these minerals has been growing, as has the competition for them. The supply and…

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