• WHO WE ARE
  • CONTACTS
  • PARTNERS
  • ADVERTISING
  • NEWSLETTER
Sunday, June 4, 2023
BlueLifeHub
  • Home
  • News
  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events
  • Integrated Activities
No Result
View All Result
Blue Life Hub
  • Home
  • News
  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events
  • Integrated Activities
No Result
View All Result
Blue Life Hub
No Result
View All Result
Home Environment

Unlocking Africa’s Natural Capital: Mobilizing Resources for Sustainable Development

The Annual Meetings of the African Development Bank Group, to be held in Sharm El Sheikh, Egypt from May 22-26, 2023, aim to demonstrate the potential of Africa's natural capital

Editorial staff by Editorial staff
April 26, 2023
in Environment, Events, Integrated Activities, News, Players
Reading Time: 3 mins read
1
Unlocking Africa's Natural Capital: Mobilizing Resources for Sustainable Development

Unlocking Africa's Natural Capital: Mobilizing Resources for Sustainable Development

Unlocking Africa’s Natural Capital: Mobilizing Resources for Sustainable Development – Africa has a tremendous potential to attract investment and accelerate economic growth by leveraging its comparative advantages. However, access to international capital markets remains challenging due to investors’ perceptions of high risk, and official development assistance has declined significantly since 2010, reaching its lowest level of $34 billion in 2022 according to OECD estimates.

To mobilize the resources needed to finance sustainable development, Africa must look to its abundant natural capital resources such as fresh water, forests, mineral deposits, natural gas and oil reserves, and arable land. With 30% of global mineral reserves and significant contributions to the world’s production of six key minerals, Africa has immense potential to attract investment.

The Annual Meetings of the African Development Bank Group, to be held in Sharm El Sheikh, Egypt from May 22-26, 2023, aim to demonstrate the potential of Africa’s natural capital. The meetings will feature discussions on how natural capital, in addition to private sector investment, can be a financing vehicle for the continent’s climate change adaptation and mitigation actions and its green growth ambitions.

The discussions will also focus on other important topics such as local content and value addition, trade and regional integration, infrastructure, finance and investment policies, human capital and skills development, and technology upgrading. In addition, the meetings will review the African Development Bank’s new initiative to integrate natural capital into development financing in Africa.

Some African countries are already effectively leveraging their natural capital resources. For example, Morocco has established huge solar and wind energy plants, and Egypt harnesses the Nile River and the Suez Canal in various ways.

The Benban solar photovoltaic power plant in Egypt is expected to reduce CO2 emissions by two million tonnes per year and generate 3.8 terawatt-hours of electricity per year.

Overall, the meetings in Sharm El Sheikh provide a platform for experts, African ministers, and Bank governors to discuss and share successes in tapping into Africa’s natural capital resources to achieve sustainable development.

Unlocking Africa’s Natural Capital: Mobilizing Resources for Sustainable Development

Tags: african world bankblue economyblue transformationegyptMoroccoSharm El Sheikhsustaibilitysustainable development
ShareShareTweetSend
Previous Post

Private Sector Investment: The Key to Unlocking the Potential of the Sustainable Blue Economy

Next Post

ED-Aqua: collaborative approaches to promote Blue Economy and Aquaculture Development

Editorial staff

Editorial staff

Related Posts

Ghana commits to stimulating a sustainable ocean economy

Ghana commits to stimulating a sustainable ocean economy

by Editorial staff
June 1, 2023

Ghana commits to stimulating a sustainable ocean economy - Ghanaian President Nana Akufo-Addo assured a two-day national summit on the...

The Devastating Human Impact of Overfishing in Gambia

The Devastating Human Impact of Overfishing in Gambia

by Editorial staff
May 31, 2023

The Devastating Human Impact of Overfishing in Gambia - Over the past decade, the coastal village of Sanyang in The...

Restocking fish in Siwa Oasis, a support for the fishing communities in Egypt

Restocking fish in Siwa Oasis, a support for the fishing communities in Egypt

by Yousef Eltahawy and Orazio Albano
May 30, 2023

Restocking fish in Siwa Oasis, a support for the fishing communities in Egypt - Involving hatchery programs and releasing fry,...

Promoting investment among the countries of the southern Mediterranean

Promoting investment among the countries of the southern Mediterranean

by Hadeer Amer
May 29, 2023

Promoting investment among the countries of the southern Mediterranean - The General Fisheries Commission for the Mediterranean is a regional...

Next Post
ED-Aqua. Collaborative approaches to promote Blue Economy and Aquaculture Development

ED-Aqua: collaborative approaches to promote Blue Economy and Aquaculture Development

Comments 1

  1. Pingback: Natural capital as an option for African governments in financing the Sustainable Development Goals - Blue Life Hub

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

Newsletter

Blue Life Hub

The goal of Blue Life Hub is to inform and network between players in the Mediterranean and Africa, areas that have very important commonalities and shared interests.

Categories

  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events

Follow us on:

Stock images by Depositphotos

  • WHO WE ARE
  • CONTACTS
  • PARTNERS
  • ADVERTISING
  • NEWSLETTER

© 2023 INRETE S.R.L. P.Iva: 02557660814 -Blue Economy & Transformation news by In Rete.

No Result
View All Result
  • Home
  • News
  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events
  • Integrated Activities
  • Who We Are
  • Contacts
  • Partners
  • Advertising
  • Newsletter

© 2023 INRETE S.R.L. P.Iva: 02557660814 -Blue Economy & Transformation news by In Rete.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist