The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
A race against time
We live in a complicated interconnected world, on a continent experiencing considerable economic, social and environmental challenges. Among the most significant of the environmental challenges is climate change. In Africa, climate change threatens to derail the significant development gains that have been made over the last decades; climate change also threatens future growth and development. Read more
Sometimes as a quick-fix solution to ending poverty, the world’s poor countries including Least Developing Countries (LDCs) resort to cheap but unsustainable exploitation of natural resources: develop now and clean up later! This approach may have been used by developed nations years ago, but times have changed. Today, climate impacts have become more alarmingly urgent, and at the same time climate-smart solutions are becoming more viable and affordable. It would be simplistic bordering on fatalism to adopt yesteryear’s solutions to 21st century development challenges.
Last December at the game-changing global climate summit in Paris, African Development Bank President Akinwumi Adesina eloquently listed his new flagship programmes, including a catalytic US $300-million fund to support women in business. Fellow panelist Nkosazana Dlamini Zuma, Chair of the African Union Commission, applauded the initiative, but was quick to caution him not to use the funds to buy women simple farm tools like hoes. Zuma’s advice embodies what the fight against climate change, at least for Africa, is about.