Browsing: Climate change

• Currently, East Africa is reeling from the effects of the worst drought on record; extreme heat is ravaging northern Africa while flash floods remain a constant threat.  
• This is despite the continent contributing the least to global warming and having the lowest carbon emissions on record.
• According to the African Development Bank (AfDB), Africa is the most vulnerable continent to climate change impacts under all climate scenarios above 1.5 degrees Celsius. 

Over the past few years, the frequency and intensity of adverse effects of climate change in different African nations has been on the rise. Rising temperatures, floods, and droughts are as a result of climate change yet the continent contributes the least carbon emissions. 

However, resultant collateral damage is posing systemic risks to the continent’s economies. Infrastructure investments, water and food systems, public health, agriculture, and livelihoods are at risk, threatening to undo Africa’s modest development gains. Left unchecked, …

The insurance sector has progressively curated products to cushion the different aspects of living, individuals and corporations. As such, agricultural insurance has been identified as an essential tool in assisting farmers, herders, and governments to mitigate some negative financial impacts of adverse natural events. Many countries have used insurance to help manage agricultural risks. The usefulness of agricultural insurance in risk mitigation is not in question.…

• Globally, it’s time to usher in an era of sustainable resource management, embrace green practices, or face the risk of extinction.
• Achieving development without polluting our surroundings is not only vital for human well-being but is the bedrock of our very survival.
• Fuel subsidies provided to oil companies by governments have perpetuated the use of polluting fuels, leading to staggering mortality figures.

The world’s pursuit of progress and development has come at a hefty price, as pollution and environmental degradation threaten our very existence. Clean air, land, and water – the fundamental pillars of life – are now under siege due to unchecked industrialization and unsustainable practices. The question looms: Can humanity continue to advance without imperiling its own survival?

Sustainable financing

The urgency of the situation is crystal clear. Achieving development without polluting our surroundings is not only vital for human well-being but is the bedrock of our very …

Egypt’s Nile River Delta is the cornerstone of North Africa’s economy. Boasting a pivotal role in Egypt’s GDP, its fisheries, aquaculture, agriculture, and tourism sectors contribute an impressive 20 per cent to the nation’s economic output.
The Nile River Delta, a verdant stretch spanning 240 kilometers along Egypt’s northern Mediterranean coast, holds a unique significance. Occupying merely 2 per cent to 3 per cent of the country’s landmass, the Delta is home to four out of 10 people living in Egypt today.…

Africa’s nuclear energy sector has undergone quite a transformation, with multiple governments moving past traditional energy sources to new, greener, and more sustainable ones. Nuclear energy has been a hot topic for most governments, with countries such as South Africa and Uganda releasing project plans for nuclear power plants. In recent news, Tanzania shocked the globe by revealing its nuclear energy plans at the Second Russia-Africa Summit. With these new developments, Tanzania has cast the die stating its intent to outpace its peers and dominate the upcoming era of technology.…

Therefore, carbon trading—producing and selling carbon offsets is becoming a new, lucrative, and transformative business in Tanzania. At least 20 companies are venturing into climate action-inspired business, pouring over $20 billion worth of investment.…

In recent years, Africa has emerged as a promising destination for global investment, with its vast natural resources, expanding consumer markets, and growing middle class. As the continent’s economies continue to strengthen and diversify, global players increasingly recognise the potential for mutually beneficial partnerships. The United States has significantly contributed to Africa’s economic transformation among these partners.…

The United Nations (UN) has called for major reforms for two institutions considered key players in the new world order. Antonio Guterres, the UN secretary-general, is pushing for major changes in the IMF and the World Bank.

According to Guterres, the International Monetary Fund has profited the rich nations at the expense of the developing ones. The UN secretary-general describes the response by IMF and the World Bank towards the COVID-19 pandemic as a “glaring failure” that left most developing nations significantly indebted.…

• Climate Change-related flooding saw large swathes of farmlands and settlement areas in Nigeria’s coastal Niger Delta flooded by December 2022.
• Boko Haram terrorists, bandits, and armed herders have forced at least 78,000 farmers to abandon their farmland.
• Over the past eight years, an estimated 6,000 Benue people reported killed while two million farmers were displaced.

Nigeria is battling a perfect storm with a double whammy of climate change and conflict exacerbating the country’s food crisis. Currently an estimated 25.3 million people in Nigeria are facing food crisis partly worsened by the ongoing flooding throughout the country.

As of December 2022, large swathes of farmland and settlements in Nigeria’s coastal Niger Delta region flood. The flooding saw the closure of schools, leaving hundreds of children out of learning centres as the disaster took a toll.

Climate change worsening Nigeria’s food crisis

Nigeria, which with 222.2 million people is Africa’s most populous …