Public Management

A new report signals progress on African countries’ efforts toward readiness for green growth

A new report signals progress on African countries’ efforts toward readiness for green growth
Thursday, 08 September 2022 19:56

The African Development Bank and the Global Green Growth Institute (GGGI have launched a report analysing  the readiness of seven countries - Morocco, Tunisia, Kenya, Rwanda, Senegal, Gabon and Mozambique - to drive green growth.

The joint report was launched on the sidelines of Africa Climate Week, in Libreville, Gabon. It assessed the status and trends of green growth as well as countries’ preparedness for the green growth transition across a number of metrics. It also offered recommendations for the countries surveyed in the report.

Malle Fofana, GGGI’s Director and Head of Programs for Africa said: “Our joint study Green Growth in the Context of NDC, LTS and SDGs Implementation in Africa, which assesses the state and readiness of green growth implementation, highlights key valuable insights for our members states.”

The report found evidence that African countries are demonstrating growing political commitment to green growth. Governments actively champion the UN Sustainable Development Goals and nationally determined contributions under the Paris Agreement. Kenya, Morocco and Tunisia, in particular, have incorporated into their constitutions citizens’ right to a clean and safe environment and other related rights. Rwanda, Kenya, Morocco, Senegal and Mozambique have adopted national green growth and climate-resilient economic strategies.

Al-Hamndou Dorsouma, African Development Bank Officer in charge for Climate Change and Green Growth and co-lead of the report said: “This report is expected to stimulate valuable dialogue and debate about ways to advance climate action and green growth in Africa. For the Bank, investing in green growth requires both policy interventions and adequate financing, especially that green growth investments require significant upfront financing to harness the innovative environmental solutions and clean technologies. This includes building resilient and low-carbon economies, smart and sustainable cities, greening industrialization, and building climate-resilient infrastructure”.

Scope exists for improvement across the nine categories of green growth readiness that the report assesses, particularly legal & regulatory, financing, research and development human capacity, and monitoring & reporting.

During the launch event, GGGI’s Dr Pranab Baruah, a co-lead on the report, emphasized the importance of operational readiness for green growth, which includes measurement, reporting, and verification (MRV) systems for effective planning and implementation of the NDC/SDGs.

The session also offered participants the opportunity to respond to the report’s findings. African Development Bank and GGGI experts also outlined the ways the report will guide their operational planning going forward.

About the African Development Bank Group

The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.afdb.org

 maurice la jica accorde une aide de 289 millions pour la lutte contre le covid 19 dans une initiative avec la bad

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(YMO)-YMO, the Guinean fintech with global reach, abolishes all transfer and withdrawal fees to Guinea. A historic first for the remittance sector,...
The monthlong campaign will collect data from households and businesses. The initiative aims to improve access to financial services for vulnerable...
Subscriber base shrinks 4.4% amid taxes, regulations, and SIM rules Firm boosts investment in 5G, fintech, and regional digital platforms Sonatel,...
Zenith Bank Q3 pretax profit drops 8.4% to ₦917.4B on higher loan losses Net interest income up 50%; deposits and assets show continued growth Bank...
Most Read
01

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
02

Safaricom's M-Pesa integrated with Ethiopia's national payment network, EthSwitch, on October 27. ...

Safaricom Integrates M-Pesa Into Ethiopia's Payment Rail
03

Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...

Lukoil Agrees to Sell International Assets, African Included, to Swiss Commodities Trader Gunvor
04

ECCBC invests $77.6M to expand Morocco plant, boosting output by 40% New lines produce soft ...

Moroccan Bottler ECCBC Invests $77.6 Million to Grow Its Operations
05

Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...

Varun Beverages partners with Carlsberg to enter Africa’s beer market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.