AAAP in the Media
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Climate risk regulation in Africa’s financial sector and related private sector initiatives
Extreme weather phenomena such as rising temperatures and the increasing frequency of droughts and floods are affecting lives and livelihoods in Africa. According to the Global Climate Risk Index 2021,1 five African countries ranked among the 10 countries most affected by extreme weather in 2019: Mozambique (first), Zimbabwe (second), Malawi (fifth), South Sudan (eighth), and Niger (ninth).
Digital Climate Adaptation Solutions Training- North Africa
Harnessing the power of technological innovations and digitalization to improve agricultural productivity and strengthen climate resilience has been recognized as one of the potential game changers to address many of pressing climate concerns and rural transformation challenges facing Africa today.
Digital climate-informed advisory services are tools and platforms that integrate climate information into agricultural decision-making. These services range from digital mobile apps, radio, and online platforms to digitally enabled printed bulletins based on climate models and extension services that utilize climate information platforms. DCAS offers crucial opportunities to build the resilience of small-scale producers in the face of worsening climate change impacts, particularly when bundled with complementary services (such as financing, input supply, market access, insurance).
The objectives of the DCAS trainings are as follows:
- Capacity enhancement for agricultural stakeholders across North Africa in DCAS
- Supporting trainees to improve their confidence and capacity to design and implement DCAS projects to reach the last mile and farmers for improved food security and climate resilience
- Facilitating knowledge/experience sharing of participants on contextual issues and approaches to scale up DCAS
- Increase the knowledge of stakeholders from across North Africa on opportunities and new approaches for the design, mainstreaming and use of digital tools and data-enabled agriculture to combat the effects of climate change
- enhancing capacity to use digital agriculture advisory services and solutions to ensure uptake by of DCAS among stakeholders in North Africa
- Over 50 Participants trained in digital agriculture and digital climate adaptation solutions
- A new cohort or platform of African public officials, researchers, farmers organizations leaders and agricultural NGO focal points with improved expertise in DCAS (for subsequent experience capitalization follow up and training)
- Training evaluation assessment report
- Improved understanding / knowledge of target stakeholders in North Africa through training and information sharing including lessons learned on the challenges, opportunities and new approaches to the design, mainstreaming and use of DCAS and data-enabled agriculture
- Enhanced capacity of selected agricultural stakeholders in public institutions and farmers groups across North Africa to use digital agriculture advisory solutions, implement digital climate smart advisory solutions, and train their members/colleagues to use DCAS tools
€100,000
Bizerte city climate stress test
Currently, Africa’s infrastructure needs are around USD 130–170 billion a year, with an investment gap of over 50–60% of that amount. Making Africa’s infrastructure resilient adds only an average of 3% to total costs, but every $1 spent could yield $4 of benefits.
The Africa Infrastructure Resilience Accelerator (Pillar 2 of the Africa Adaptation Acceleration Program (AAAP)) focuses on accelerating infrastructure resilience efforts on the continent. It will strengthen the enabling environment and provide the technical support to scale up investment in resilient infrastructure. It will also ensure that new and existing infrastructure uses nature-based solutions and create positive socioeconomic impacts and green jobs. By 2025, Pillar 2 of the AAAP aims to scale up investment at national and city level for climate-resilient infrastructure in key sectors such as water, transport, energy, and waste management, and integrate resilience in up to 50% (by value) of new infrastructure projects.
The City Adaption Accelerators (CAAs) are carrying out Rapid Climate Risk Assessments in target cities, which aim to improve climate adaptation and build resilience in urban areas.
The primary purpose of the RCRAs is to inform the identification and preparation of AfDB projects.
The RCRAs will inform the development of a comprehensive climate adaptation strategy and prioritization plan and are a crucial step towards the development of the CAA for each of the target cities. The overarching objective of the CAA is to create a shared strategic framework for GCA’s engagement in climate adaptation and resilience building in urban areas. The development objective of the CAA is to support cities and countries to strengthen their urban climate adaptation and resilience outcomes through enhanced (1) understanding; (2) planning; (3) investments; and (4) governance and capacity building.
- Outputs will inform future discussions surrounding climate adaptation investments
- GCA is demonstrating its unique value add in its ability to provide technical guidance to firms towards developing well-informed analyses
- Literature review of vulnerability and adaptive capacity assessments of cities to climate change
- Scoping of past and current initiatives and key stakeholders relevant for adaptation and resilience building in cities
- City Scan: rapid review of actions around climate hazard and risk assessments and more locally focused assessments of vulnerability and adaptive capacity
- Rapid Climate Risk Assessment: an overview of the key climate hazards and associated risks; will indicate whether an in-depth climate risk assessment is required
- City Scoping: provides insight into past and current initiatives relevant for adaptation and resilience building and identifies key stakeholders and relevant initiatives
As part of the CAA, the RCRAs will contribute to the following impacts:
- Strengthened urban climate risk management in cities and their hinterlands
- Improved climate adaptive spatial planning at the municipal and regional levels
- Enhanced water resources management for more equitable access to ecosystem benefits
- Enhanced resilience, consistency, inclusiveness and integration of urban drinking water, sanitation and solid waste management services
- Improved urban liveability and public health due to a reduction in climate risks stemming from heat stress and disease
African Development Bank participates in the World Circular Economy Forum (WCEF)
What: African Development Bank participates in the World Circular Economy Forum (WCEF)
Who: African Development Bank, Nordic Innovation and the Finnish Innovation Fund Sitra, with international partners
When: 30 May - 2 June 2023
Where: Helsinki, Finland and online
A delegation led by African Development Bank Director of Climate Change and Green Growth Anthony Nyong, is at the 2023 World Circular Economy Forum (WCEF2023) in the Finnish capital Helsinki.
WCEF2023 is the seventh edition of the annual forum co-organised by Nordic Innovation and the Finnish Innovation Fund Sitra, with international partners, including the African Development Bank. The forum brings together business leaders, policymakers and experts from around the world to present the best circular economy solutions. WCEF examines how societies and businesses can seize new opportunities to accelerate the global transition towards a circular economy to achieve the UN Sustainable Development Goals. WCEF is the world’s best known neutral global circular economy event and platform for the global circularity movement.
To leverage and build on the results of last year’s WCEF and showcase circular economy ambition in Africa, a strong engagement of the African Development Bank is planned at WCEF2023. This includes speaker roles at plenary sessions, side events and hosting an African delegation of six participants from member countries of the African Circular Economy Alliance (ACEA) and African organisations to participate and speak at the event alongside the Bank’s mission team.
African Development Bank Director of Climate Change and Green Growth Anthony Nyong will participate in a guided dialogue during a session titled “Unlocking Finance for a circular and regenerative economy” organised by Circle Economy together with European Investment Bank (EIB). ACEA, whose secretariat is based at the African Development Bank’s headquarters in Abidjan, Côte d’Ivoire, will join in a session titled “Circular strategies and road maps,” organised by The Global Alliance on Circular Economy and Resource Efficiency.
The African Development Bank will host a stand at the WCEF Exhibition Area. This will give the opportunity to African Circular Economy Facility (ACEF), ACEA and its partners to showcase solutions to a global audience to attract partners and financiers for scaleup.
The Bank organises / has interventions in the following sessions:
TUESDAY, 30 MAY
Plenary Sessions at Helsinki Fair Centre
9:30-10:30
IFI CEN high-level working meeting
13:30 - 14:45
Unlocking finance for a circular and regenerative economy
THURSDAY, 1 JUNE
Accelerator Sessions, venues across Helsinki
8:30-13:00 (UTC+3)
Place: Messukeskus conference centre, Messuaukio 1, Helsinki and online
Accelerator session: African Voices to circular Economy
10:00 – 13:00
Accelerator session: International Financing and Funding for World Circular Economy Business Opportunities
16:00 – 17:30
Accelerator session: A circular economy that works for everyone: ensuring a just and jobs-rich transition to a sustainable future for all
Official WCEF2023 website: https://wcef2023.com/about/
Accelerator Session: https://wcef2023.com/sessions/african-voices-showcasing-circular-economy-ambition-in-africa/
Confirm your live attendance as soon as possible by registering through this link
Livestream on the WCEF2023 website and YouTube channel.
Media contact: Sonia Borrini, Communications and Knowledge Management Specialist, Climate Change and Green Growth Department | email : s.borrini@afdb.org