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AAAP in the Media

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Youth Adaptation Solutions Challenge Francophone Cohort

Submitted by Trine Tvile on
AAAP upstream status
PAC date
Context

The Youth Adaptation Solutions Challenge is an annual competition and awards program for youth-led enterprises (50% women-led) organized by GCA and AfDB as part of the Youth Adapt Flagship Program. 

The competition invites young entrepreneurs and Micro, Small and Medium-sized Enterprises in Africa to submit innovative solutions on climate adaptation and resilience. The winners will be part of a 1-year incubator program, which will provide tailored training on business development and adaptation, coaching, networking opportunities, and grants to enable the youth-led enterprises to scale up their innovative businesses and build resilience among marginalized communities in Africa

GCA Focal Point
Project category
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Example results indicator
Deliver business development services (BDS) to and build the institutional capacity of youth-led enterprises, positioning them to effectively utilize grants offered and to also mobilize additional private capital, scale up climate action and create employment opportunities on the continent.
Objectives

The objective of the project is to deliver business development services (BDS) to and build the institutional capacity of youth-led enterprises, positioning them to effectively utilize grants offered and to also mobilize additional private capital, scale up climate action and create employment opportunities on the continent.

AAAP added value
  • Build youth capacity for employability and unlocking access to finance
  • Deliver a 1-year incubator program tailored training on business development and adaptation
  • Provide coaching and networking opportunities
  • Equip young innovators and MSMEs with customized skills and resources to scale up climate adaptation innovations and boost the creation of jobs
Expected Outcomes
  • Grant disbursement to the 5 winners of the YouthADAPT winners
  • 12-weeks training with practical skills in entrepreneurship and business development and climate adaptation
  • Mentorship to enable the winners to execute their business plans, create jobs, and support the continental effort towards climate resilience
  • Training materials developed and training workshops  delivered tailored to the selected youth-led start-ups
  • Support to the youth led-businesses to develop and implement their business plans and to mainstream adaptation and climate resilience in their businesses
Expected impacts
  • Delivered business development services (BDS) to and building the institutional capacity of youth-led enterprises
  • Youth-led enterprises positioned to effectively utilize grants offered and to also mobilize additional private capital
  • Scaled up climate action and  ability create employment opportunities on the continent
Start Date
End Date
Fincial instrument
Grant
AAAP Focus Areas
Youth
Entrepreneurship
Project Value

USD 500 Million

Unique identifier
407450

African, other world leaders gather for largest summit on climate adaptation at COP26

Submitted by Trine Tvile on
Regions
Body

African and other global leaders came together at COP26 in Glasgow yesterday for the Africa Adaptation Acceleration Summit, the largest summit to date on climate adaptation.

The summit called for the rest of the world to ramp up its support for the African continent as it adapts to the adverse   effects of climate change, including devastating human impacts in Madagascar, where 1.3 million people live under food distress following four years of no rain. Madagascar’s situation has been described as the first climate induced drought.

President Félix Tshisekedi of the Democratic Republic of Congo and Chairperson of the African Union led Tuesday’s event.  He highlighted the $6 billion in financial commitments for climate adaptation that African countries had put forward in their nationally determined contributions (NDCs) and called for increased funding to produce the additional $27 billion a year that the continent requires.

President Tshisekedi said: “Adaptation finance flowing to Africa is grossly insufficient compared to the enormous resources needed for the continent to adapt to climate change. That is why African countries, working with the Global Center on Adaptation, the African Development Bank, and other partners, launched the Africa Adaptation Acceleration Program (AAAP). The program lies at the heart of Africa’s climate change needs. It is Africa-owned and Africa-led. African nations have endorsed it as Africa’s preferred mechanism to deploy adaptation finance for adaptation projects in Africa.”

African Development Bank Group President Dr Akinwumi A. Adesina said: “The Africa Adaptation Acceleration Program is a game changer for Africa to deliver results and impacts on adaptation, fast and at scale. It will support 30 million farmers with digital climate advisory services. The Technologies for African Agricultural Transformation program supported by the African Development Bank and the Bill and Melinda Gates Foundation has already delivered climate resilient technologies for 11.2 million farmers in just two years.”

He added: “With the Africa Adaptation Acceleration Program, we expect to reach 40 million farmers. We plan to support farmers in producing 100 million metric tons of food, which will be enough to feed 200 million people and reduce hunger by 80%.”

Moderating summit proceedings, Patrick Verkooijen, CEO of the Global Center on Adaptation, underscored the urgent need for accelerated climate adaptation action across the continent: “COP26 must deliver on the promises of Paris,” he said. “We are failing and we are failing Africa. We must bring more ambition and more finance to help Africa adapt to the pace of a climate emergency devastating the continent with increasingly serious consequences for the world’s poorest and most vulnerable,” the GCA CEO added.

COP26 President Alok Sharma announced $197 million in new funding for adaptation for Africa from the UK government. Of this amount, $27 million will support the Africa Adaptation Accelerated Program upstream facility to deliver technical assistance and a pipeline of bankable projects. The package is expected to unlock almost $1.2 billion for climate adaptation in Africa. Sharma said there will be more to come.

US Secretary of State Antony Blinken also announced new funding for climate adaptation from the United States government. He said the US President would work with the US Congress to dedicate $3 billion annually in adaptation finance by the year 2024. This is the largest commitment ever made by the US to reduce the impact of climate change in those most endangered by it around the world.

High Level Event: The Africa Adaptation Acceleration Summit

Article type

Youth Entrepreneurship and SME Development Lusophone Compact Facility Phase I

Submitted by Trine Tvile on
Countries
Regions
Sub-sector
Context

Guinea-Bissau has the highest proportion of natural wealth per capita in West Africa. In addition, the country also has a youth population that accounts to more than 50 percent, an undeniable potential to drive economic growth. The country’s economic revival requires the inclusion of women and youth in business activities. The promotion of entrepreneurship among the youth can be a promising path for providing professional opportunities for this large - and growing - population group.

Task manager
Project category
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Example results indicator
Improved linkages between SMEs and large-scale enterprises to enhance ease of access to markets
Objectives

To promote private sector growth through youth entrepreneurship skills development and support to small and medium-sized enterprises (SMEs) for job creation in Guinea Bissau, through:

  • Fostering  an enabling environment for SMEs, investors, and  financial  institutions
  • Strengthening  SMEs  and  SME  support  partners  and  facilitating investments to unlock value-chains
  • Establishing facilities and financing to provide quality and affordable access to finance for SMEs
AAAP added value
  • Provide a financial contribution to conduct the assessment of “adaptation jobs” opportunities in the project
  • Run the procurement process to contract a sub-grantee to carry out the assessment
  • Participate the appraisal missions and review the appraisal report of the project with regards to “adaptation jobs”
  • Support project team to provide clarity on climate change adaptation and resilience in the appraisal report and define the target for “adaptation jobs” in the result framework of each project
  • Define adaptation measures for testing during the assessment and further be recommended to the project implementation teams
Expected Outcomes
  • Enhance youth entrepreneurship skills and Enterprise Support Organizations operational capacities for sustainability
  • Establish a facility for the development of SMEs and access to finance
  • Promote linkages between SMEs and large size enterprises to ease access to markets
  • Develop a digital platform to connect SMEs between themselves, with customers and large enterprises.
  • Building the capacity of SMEs in growing their businesses and their readiness for financing, including women and youth-led SMEs
Expected impacts
  • Strengthened financial sector including the type of innovative financial instruments to help SMEs access quality and affordable financing for SMEs
  • Improved linkages between SMEs and large-scale enterprises to enhance ease of access to markets 
  • Unlocked key value chain efficiency and quality constraints
Start Date
End Date
Fincial instrument
Loans
AAAP Focus Areas
Youth
Entrepreneurship
Energy
Project Value

AfDB investment USD 10.5 Million

Unique identifier
405862

Reinforcing Resilience to Food and Nutrition Insecurity in the Sahel (P2-P2RS)

Submitted by Trine Tvile on
AAAP upstream status
Sector
AAAP facility upstream
500000
PAC date
MDB board date
Sub-sector
Project stage
Context

The Sahel, which lies between the Sahara Desert to the north and tropical savannas to the south, is one of the largest semi-arid/arid sub-regions globally. As such, the region is highly vulnerable to climate change and other uncertainties. The impacts of climate change may have critical socio-economic consequences for the Sahel, including poor agricultural yields, increased frequency of natural disasters. Already, the number of people in the Sahel suffering from chronic food and nutrition insecurity, poverty and vulnerability to the effects of climate change is rising steadily. 

A lasting solution to food and nutrition insecurity in the Sahel requires building resilience to climate change, long-term agricultural sector financing and developing trade and regional integration. Sustained, longer-term investments in household resilience can significantly reduce the cost of emergency assistance, ultimately breaking the cycle of recurring famine. This is the most cost-effective intervention option which meets the basic needs and preserves the dignity of the populations of the Sahel. This idea is central to the Programme to Build Resilience to Food and Nutrition Insecurity in the Sahel (P2RS)

GCA Focal Point
Task manager
Project category
Project type
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Investment value
300000000
Example results indicator
5 million smallholders have access to climate services
Objectives

The overall objective of the P2-P2RS is to contribute to the substantial improvement of the living conditions and the food and nutritional security of the populations of the Sahel region. 

Specifically, the program aims to i) strengthen the resilience to climate change of agro-sylvo-pastoral producers, including through promotion of climate-smart agricultural technologies in the Sahel and the development of climate intelligent villages; ii) develop the agro-sylvo-pastoral value chains, including through the development and improvement of hydro, meteorology and climate services; and iii) support regional institutions (CILSS, APGMV, CCRS) to strengthen adaptive capacity in the Sahel.

AAAP added value
  • Design digital adaptation solutions (Digital Climate Advisory Services, DCAS) for the Sahel context
  • Investment readiness and infrastructure, institutional and farmer capacity needs for DCAS
  • Feasibility study to integrate DCAS into agricultural extension and agrometeorological advisory to smallholder farmers and  pastoralists
Expected Outcomes
  • 1 million rural households have access to digital or data-enabled climate-smart technologies
  • 500,000 smallholders have adopted adaptation practices
  • 5 million smallholders have access to climate services;
  • Development and improvement of hydro, meteorology and climate services
  • The development of climate-intelligent villages
Expected impacts
  • Promotion of climate-smart agricultural technologies in the Sahel
  • Resilience to food and nutrition security built for the targeted populations
Start Date
End Date
Fincial instrument
Loans
Grant
AAAP Focus Areas
Agriculture
Project Value

USD 300 million

Unique identifier
271379