Browsing: UNECA

• Across Africa, Public-private partnerships (PPP) experience varies across countries due to GDP differences, capital market size and depth.
• The UN Economic Commission for Africa ECA has been working with African countries to enhance their PPPs for infrastructure development.
• ECA has been undertaking capacity building and helping economies in Africa to mobilize resources for infrastructure development.

Public-private partnerships (PPPs) are crucial to closing the financing gap for infrastructure development in Africa, and governments and the private sector should work together to create effective PPPs, said Dr Robert Lisinge, Acting Director of the Private Sector Development and Finance Division at the UN Economic Commission for Africa (ECA).

He was speaking last week at a plenary session of the African Economic Conference 2023 on Public-Private Partnerships to catalyse infrastructure development and innovative financing for industrialization in Africa.

“Financing Africa’s infrastructure is still a big challenge faced by many countries on the continent. To …

The African Continental Free Trade Area (AfCFTA) is now widely touted as the African Union’s (AU) most audacious project. The framework ties together the most significant number of member countries of any trade agreement since the World Trade Organisation (WTO) in 1995.

The AfCFTA had become topical even before its formal launch. Members of the business community eagerly awaited the full implementation of the AfCFTA. But two years since its formal launch, how far has the AfCFTA ushered in the ‘new era’ of African integration it promised?…

Of the 186.5 million people from around the world who cannot afford an energy-sufficient food diet, the vast majority are Africans.

This is according to a new report launched by the Food and Agriculture Organization of the United Nations (FAO), the UN Economic Commission for Africa (UNECA) and the African Union Commission (AUC).

Nutritious foods, such as fruits, vegetables and animal proteins, are relatively expensive when compared to staples such as cereals and starchy roots, and, the report argues, some of the reasons for this are systemic.

Evidence presented in the report shows that nearly three-quarters of the African population cannot afford a healthy diet of fruits, vegetable and animal proteins, and more than half cannot afford a nutrient-adequate diet, which provides a mix of carbohydrates, protein, fats, and essential vitamins and minerals to maintain basic health.

Even an energy-sufficient diet, which supplies a bare minimum of energy and little …

The United Nations (UN) Climate Change Conference COP 25, has levitated the climate action landscape in Africa

This has led to the African Development Bank (AfDB) to join forces with 11 other international organizations to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather.

The initiative comes at a rather perfect moment, especially when the region is faced with unprecedented catastrophic weather events affecting the continent’s economy.

According to AfDB, the institutions came together at the COP 25 climate change conference in Madrid on Tuesday to launch the Alliance for Hydromet Development.

Alliance for Hydromet Development

According to the World Meteorological Organization (WMO), the Alliance for Hydromet (hydrological and climate services) Development brings together major international development, humanitarian and climate finance institutions, collectively committed to scale up and unite efforts to close the hydromet capacity gap by 2030. It aims to increase …