Connect with us

World

Nairobi’s Climate Summit Seeks External Funding Amid Geopolitical Challenges

Published

on

Climate Summit

By Kestér Kenn Klomegâh

The historic gathering on Climate Change inside Africa clearly portrays efforts at spearheading towards finding sustainable solutions to existing challenges. But African leaders are still standing at a crossroads as they try hard to balance their geopolitical positions, this time with raising the needed funds for controlling the effects of climate change in Africa.

The majority of these African leaders consistently barked at Westerners and Europeans for their excessive control, and frequent interference in their internal affairs and shouted over aspects of democracy, human rights and hegemony, and yet looked forward to their invaluable investment in the economy.

This summit held under the theme, “Africa Climate Summit 2023: Driving Green Growth & Climate Finance Solutions for Africa and the World” attracted a host of African and external guests, and including representatives of civil society and non-state organizations. The governmental leaders met for three days while the entire week was dedicated to the current situation and potential solutions.

With high optimism, the first summit held in Nairobi, Kenya, in early September was primarily to review and systematize possible options African nations have to finance climate change, and on the other way, nature and its inherent resources in the continent. Kenyan President Wiliam Ruto made the summit’s aim very clear in his speech – to discuss how to fund the challenges posed by climate change.

Ruto further envisioned a “future where Africa finally steps into the stage as an economic and industrial power, an effective and positive actor on a global arena” and unreservedly boasted the availability of the young population, to take advantage of the vast renewable potential and natural resources.

Ruto’s narratives at the conference dealt with the fact that Africa is acutely vulnerable to the growing impacts of climate change and consequently made a strategic call for accelerating funding in Africa. At the end of the summit, the narratives appealing to the international community to help achieve that goal by easing the continent’s crushing debt burden and reforming the global financial system to unblock investment were finally incorporated into the final declaration.

Prior to the declaration, it was broadly noted that Africa had an “unparalleled opportunity” to benefit from the fight against global warming but needed massive investment to unlock its potential as Nairobi hosts a landmark climate summit focusing on the continent. “The overarching theme… is the unparalleled opportunity that climate action represents for Africa,” Ruto said in his opening address, while further stressing for trillions of dollars from the international community to unblock financing for Africa.

It is always puzzling, that Africa has all the resources. Africa needs external funds. African leaders have savings in foreign banks. Yet, Africa is poor to the bone marrow, complaints of the dearth of finance, and despite the abundance of natural resources in the continent. In order to rebuild confidence, African Union Commission head, Moussa Faki Mahamat, was straight to the point in his demand – wielding his French tongue and some tiredness or frustration – on behalf of the 54-member states, that the international investment must be “massively scaled up to enable commitments to be turned into actions across the continent of Africa.”

While demanding sweeping changes to the global financial system, Moussa Mahamat also announced that the summit would become a regular event and be held every two years.

Among most of the speakers, Eritrean President Isaias Afwerki’s remarks seemingly carried different weighty significance. “Climate change poses, by all accounts, one of the most pressing challenges of our times. Its impact in Africa will be immensely aggravated; compounded as it is by a host of other major hurdles,” he said.

“The policies we articulate, and implementation mechanisms we map out, at the individual national level will not provide the primary panacea to this global challenge,” noted Afwerki, but added that, in this context, Africa can tap and incorporate the numerous scientific measures undertaken by global players in the field to bolster its purposeful mitigation measures.

While concluding his talk at the gathering, he reminded the necessity for Africa to mobilize its own resources rather than extend hands for handouts that may aggravate the existing situation by inviting interference and corrupt practices, Mobilizing inside resources will enable and motivate creativity at the level of the continent.

Isaias Afwerki urged everyone to not be attracted by the billions that are being promised by so-called donors. Rather, better to mobilize resources and get away from this dependency that will definitely compromise everything at the level of the continent.

Despite potential internal and external hurdles to scaling up funds, one report co-authored by Executive Secretary at the UN Economic Commission for Africa, Vera Songwe, concluded that multilateral development banks’ climate finance must triple within five years, from US$60 bln to US$180 bln, to help developing economies globally cope with global warming. Annual climate finance flows in Africa stand at only US$30 billion at the moment, however.

Another report released by Oxfam, for instance, said the devastating drought that has gripped Ethiopia, Kenya and Somalia — which scientists say has been made more severe by climate change — as well as floods in South Sudan, have caused losses of between US$15 billion and US$30 billion in the two years to 2022, or around two to four per cent of the region’s GDP.

It is estimated that between 2021 and 2023, the four countries lost about US$7.4 billion in livestock alone. “Millions of already struggling people saw their animals die and lost their ability to grow, sell or eat nutritious food, plunging them into even greater poverty and hunger,” the report said.

There are so many reports detailing various aspects of climate change, specifically with regard to Africa. The International Monetary Fund (IMF) also estimates that 34 of 59 developing economies most vulnerable to climate change, many of which are in Africa, are also at a high risk of fiscal crises.

The summit has raised approximately $23 billion in funding pledges. There are daunting challenges for the continent where hundreds of millions lack access to electricity. The oil-rich United Arab Emirates (UAE), in complete recognition of Africa’s potential, offered the financial pledge of $4.5 billion as it competes to get hold of Africa. United States’ climate envoy John Kerry also announced $30 million in new funding to accelerate climate-resilient food security across the continent.

United Nations Secretary-General, Antonio Guterres, at the African Climate Summit, pointed to an injustice burning at the heart of the climate crisis. And its flame is scorching hopes and possibilities in Africa. This continent accounts for less than four per cent of global emissions. Yet it suffers some of the worst effects of rising global temperatures: Extreme heat, ferocious floods, and tens of thousands dead from devastating droughts. The blow inflicted on development is all around with growing hunger and displacement. Shattered infrastructure. Systems stretched to the limit.

All these above are aggravated by climate chaos, not by Africans’ making. It is still possible to avoid the worst effects of climate change. But only with a quantum leap in climate action. The people of Africa – and people everywhere – need action to respond to deadly climate extremes.

Notwithstanding all that he mentioned above, Antonio Guterres explained that reaching these targets requires climate justice. Developed countries must present a clear and credible roadmap to double adaptation finance by 2025 as a first step towards devoting, at least, half of all climate finance to adaptation.

Referring to multinational development banks and other foreign financiers, Antonio Guterres added in his speech: “They must keep their promise to provide $100 billion a year to developing countries for climate support. Every person on earth must be covered by an early warning system by 2027 – by implementing the Action Plan we launched last year.”

“Six out of every 10 Africans currently lack access to these systems. The Early Warning for All Africa Action Plan launched yesterday under the leadership of the African Union will be critical to addressing this need. More broadly, we need a course correction in the global financial system so that it supports accelerated climate action in the context of sustainable development. We can’t achieve one without the other,” according to the Secretary General of the United Nations.

It, therefore, means re-capitalizing and changing the business model of Multilateral Development Banks. This could make it possible to leverage private finance at affordable rates to support developing nations to build sustainable economies. The global financial system must be reformed to be an ally of developing nations as they turbocharge a just and equitable green transition that leaves no one behind, especially those in Africa.

But then, and but the point here is that African leaders must get down to their tasks. Interestingly, Africa produces and trades in critical minerals. Africa must be sustainable, transparent and just across every link of the supply chain, with maximum added value produced across Africa. So we are saying that African leadership must strive to generate innovative green economies anchored in renewable power.

Without hyperbolic geopolitical slogans, now is the time to bring together African states with the developed world, financial institutions and technology companies to create a true African Renewable Energy Alliance. With adequate access to financial resources at a reasonable cost and technological support, renewables could dramatically boost economies, grow new industries, create jobs and drive development – including by reaching the over 600 million Africans living without access to power.

Nevertheless, African leaders and the attendees, demand from external nations to honour long-standing climate pledges for poorer nations. Analysts in their several news reports also acknowledged that the summit unity generated momentum for making this demand. But consensus is still challenging across the diverse continent of 1.4 billion people, the 54 African leaders and the African Union and within the context of geopolitical situations around the world.

Click to comment

Leave a Reply

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

World

Russia Investing in Developing Africa’s Transport Networks

Published

on

Africa's Transport Networks

By Kestér Kenn Klomegâh

At the plenary session under the theme “Development Through Access to Global Markets” organised during the first International Transport and Logistics Forum held in St. Petersburg, both Russian and African speakers have acknowledged, in their high-quality presentations, the importance of fostering understanding of transport innovations, shifting investment and the possibility of addressing current infrastructure challenges for economic growth.

In promoting comprehensive cooperation in the transport and logistics sphere, Deputy Minister of Transport of the Russian Federation, Dmitry Zverev, stressed that the African continent is one of the fastest-growing regions of the world, demonstrating an average GDP growth rate of 4.5% per year.

According to expert projections, by 2050, Africa’s population will reach 2.5 billion people. To ensure logistical links, it is necessary to build a clear and understandable dialogue with partners, working simultaneously at two levels: at the level of governments, through intergovernmental agreements, and at the level of co-business partnerships. Russian transport corridors guarantee the stability of supplies. Today, there are issues of food security, fertiliser supply and formation of new chains, and other emerging geopolitical challenges facing Africa.

As the guest/main speaker, Zverev explained that Russian companies such as FESCO, RZD, GLONASS and Avtodor are actively involved in this process. This is a unique experience sharing technology and infrastructure solutions in significant volumes. “And frankly, that’s an important image distinction of Russia: we’re not just exporting or selling something – we’re offering technologies and cooperation. Together with technologies, we provide training and prepare national personnel who will work on their transport infrastructure in the future,” asserted Zverev.

Minister of Energy and Infrastructure of the United Arab Emirates, Suhail Mohammed Al Mazrouei, spoke of his country’s decision to invest significant money in the development of its railway infrastructure, with work already underway to connect to Oman by rail and open up new opportunities for freight transportation to Africa and Asia.

“We continue to invest in the development of our country’s logistics network and alternative routes. Russia is an important exporter of raw materials, and development in its regions will contribute to economic growth across the globe. Central Asia is also emerging as a key player, and we are investing in the region’s infrastructure and connecting China to the global economy through Russia and the Middle East,” he said.

Minister Delegate for Maritime Economy of the Ministry of Maritime Economy, Fisheries, and Coastal Protection of the Togolese Republic, Kokou Edem Tengue, spoke of the importance of understanding the African perspective on changing maritime routes as the situation around the Suez Canal and the Strait of Hormuz creates new opportunities for West Africa.

The Port of Lomé, the largest container port in Sub-Saharan Africa, handles approximately 30 million tonnes of goods annually, and its importance for the region is difficult to overstate. “We are actively working with Mali, Burkina Faso, and Niger; the Port of Lomé is a key logistics hub for the landlocked nations of the Sahel,” he said. “It should be noted that Africa relies on chemical fertilisers and grain produced in Russia. We believe that the Port of Lomé could be a part of new sea routes between Africa and Russia.”

In his speech, Minister of Transport of the United Republic of Tanzania, Makame Mnyaa Mbarawa, reported on the active modernisation of the Dar es Salaam port. Previously, the depth of the water was 9–12 meters; now it has increased to 12–15 meters. An increase in the number of operators operating in the port is planned. Thanks to these measures, cargo turnover increased significantly, and ship handling times decreased from 10 days to 2–3. This is an important achievement, after all, speed is a key factor for investors.

However, the port cannot function in isolation; it needs modern rail infrastructure. Tanzania’s government is leading the construction of a new railway to Kigoma, and then into Burundi and south, creating a reliable transportation artery. Dar es Salaam will become a gateway to Burundi, Rwanda, Malawi and Zambia, which depend on cargo flow through this port. Therefore, the development of the port and associated railway is of strategic importance in the region.

“In parallel, the modernisation of the TAZARA railway is going on – a historic artery that requires an upgrade. The private sector is actively involved in this work. After revitalisation, this line will become a key link between Dar es Salaam port and Zambia, he stated. The Government of Tanzania will make every effort to implement these projects and will work closely with the private sector. We invite Russian companies – both state and private – to participate in logistics projects and port infrastructure modernisation.”

As far as road safety in Niger is concerned, the country is facing various challenges that require finding ways to improve the situation, according to the Speaker from Niger, Abdurakhaman Amadou. Within the framework of the discussion, he also noted that an important step was to upgrade the car park and road network. As Niger has no access to the sea, the emphasis is on road traffic to ensure the country’s supply.

“We have access to the port of Lome in the Togolese Republic, which remains neutral towards us. However, the Caton port is closed for us, which created serious difficulties as 80% of our exports and imports passed through it. Recently, the situation has started to improve due to the construction of a railway by Nigeria, which will provide us with access to its ports,” Abdurakhaman informed.

In addition, diplomatic relations with Algeria have been restored after a long hiatus, which opens an exit to the Mediterranean. The conference of Islamic states confirmed the intention to build a grand railway linking Dakar and Djibouti across the entire continent from west to east. This railway will partially pass through Niger, which will be an important step in the development of the region’s transportation infrastructure.

President Vladimir Putin, in a message to participants, organisers, and attendees of the International Transport and Logistics Forum, says that Russia is ready to share its experience through joint science and technology programmes and, of course, by training specialists able to ensure the development of transport and logistics in the 21st century, using a new technological foundation. The Transport and Logistics forum was held for the first time on April 1-3 in St. Petersburg, the second-largest city in the Russian Federation.

Continue Reading

World

How Russia’s Multifaceted Relations Changing Egypt

Published

on

Russia partners Egypt

By Kestér Kenn Klomegâh

The Arab Republic of Egypt, a country spanning the northeast corner of Africa and the southwest corner of Asia, has a highly strategic location and attracts multifaceted interests of foreign players. For decades, Russia has established diplomatic relations with Egypt and has consistently sustained diverse ties with this country. It is no secret that Russia’s lust for the region is primarily due to the strategic importance of the Mediterranean Sea for investment and economic cooperation with the Maghreb region.

Determined to strengthen, particularly, economic cooperation, Russian President Vladimir Putin has maintained regular contacts with his colleague, President of Egypt, Abdel Fattah el-Sisi, mostly discussing both bilateral cooperation and broader regional developments. The current world’s geopolitical development, for instance, the United States-Israeli war on Iran in the Middle East, constitutes one theme both leaders frequently review, attempting to find long-term solutions.

On April 2, Putin met with the Minister of Foreign Affairs, Emigration, and Egyptian Expatriates of the Arab Republic of Egypt, Badr Abdelatty, in the Kremlin – the seat of Russia’s presidency. In attendance during the official talks on the Russian side were Foreign Minister Sergei Lavrov and Presidential Aide Yury Ushakov, while Egypt was represented by Ambassador Extraordinary and Plenipotentiary to the Russian Federation Hamdy Shaaban. Ultimately, there is no need to overstate the importance of this meeting.

Russia’s footprints are expanding in Egypt, highlighting the growing industrial investment and the strengthening of bilateral manufacturing ties by undertaking projects to ensure energy security. At the same time, maintaining regular dialogue remains very important for both leaders.

Putin, speaking with the three-member delegation in the Kremlin, underlined the fact that there are many promising initiatives underway, many of which are already being implemented. He has previously spoken in detail about the construction of a nuclear power plant and the construction of an industrial zone, and over ten major Russian companies have expressed interest in participating in this project.

Nuclear Plants in El-Dabaa, Egypt

The construction of nuclear plants in the city of El-Dabaa, about 320 kilometres northwest of Cairo, the capital of Egypt. It is the first nuclear power plant in Egypt, and will have four VVER-1200 reactors, making Egypt the only country in the region to have a Generation III+ reactor. On November 19, 2015, Egypt and Russia signed an initial agreement, under which Russia agreed to build and finance Egypt’s first nuclear power plant. These are now being carried out, not as a charity project, but with a loan of $28 billion. According to reports, Russia will finance 85% as a state loan of $25 billion, and Egypt will provide the remaining 15% in the form of instalments. The Russian loan has a repayment period of 22 years, with an annual interest rate of 3%.

At the meeting, Putin also raised the construction of an industrial zone in Egypt. There are many appealing and related opportunities in this, regarding having an industrial zone to be located on the banks of the Suez Canal. The industrial zone is also entering a new phase, as Russian auto-manufacturing enterprises are advancing distinctive plans to expand local vehicle production, reinforcing the country’s role as a regional manufacturing hub. The move reflects broader economic linkages between Russia and Africa, particularly in industrial development and supply chain integration.

Conveying Greetings and Reviewing the Middle East Situation

Naturally, the situation in the region remains a shared concern, according to Putin, and further hope that the ongoing conflict will be promptly resolved. “As you know, President Trump also addressed this issue yesterday. Let me reiterate that we are prepared to make every effort to help stabilise the situation and, as they say in such cases, return it to normal,” he stressed during the meeting. In this context, it is particularly important to know Egypt’s assessment as a key country in the Middle East.

Putin reminded the delegation of another Russia-Africa summit, which is planned for October 2026. With high hopes that Egypt will be represented by a strong, high-level delegation. Should the Egyptian President’s schedule allow, he would, of course, ahead of the summit, be very pleased to welcome him to Moscow. Jointly chaired by Vladimir Putin and Abdel Fattah el-Sisi, the first Russia-Africa summit, an important acute phase of the developments with Africa, under the motto of ‘For Peace, Security and Development’, was held for the first time in October 2019, in Sochi, a city located on the Black Sea coast. The idea to hold a Russia-Africa forum was initiated by President Putin at the BRICS (Brazil, Russia, India, China and South Africa) summit in Johannesburg in July 2018.

The head of the Egyptian Foreign Ministry, as traditionally expected, conveyed greetings from President El-Sisi to the Russian president and handed over a written message. President el-Sisi places great value on all aspects of the bilateral cooperation, and is extremely grateful for constructive collaboration on the El Dabaa Nuclear Power Plant, which represents a key milestone in the partnership. Despite the challenges, it is evident that the project is moving forward and will be completed by 2028.

In summary, as Egypt and Russia are reliable and time-tested partners, Putin plans to promote strategic projects, particularly in trade, economics, energy, and food security. With over 107 million inhabitants, Egypt is the most populous country in the Arab world, the third-most populous country in Africa, and the 15th-most populous in the world.

Continue Reading

World

US-Israeli War on Iran: Africa’s Reactions Through the Prism of the Global South

Published

on

Senator Mushahid Hussain

By Kestér Kenn Klomegâh

In an interview, Senator Mushahid Hussain, President of Pakistan-Africa Institute for Development and Research (PAIDR), explicitly offers a few important insights into the US-Israeli war on Iran and its implications for BRICS+ and Africa. Here are the interview excerpts:

What’s your interpretation of the US-Israel war on Iran, in the context of developments in the Middle East region?

The US-Israel illegal and unwarranted war on Iran was spearheaded by [Benjamin] Netanyahu (Prime Minister of Israel) and actively supported by [Donald] Trump (President of USA) as a Joint Operation with three fundamental goals: a) decimate the Islamic Revolutionary Regime; b) reshape the Middle East as part of Zionism’s ‘Greater Israel’ Project; c) preclude any possibility of establishing a Palestinian State with Jerusalem as its capital.

What is your assessment of Iran’s joining BRICS+ in 2025, China’s and Russia’s roles as members of this association, in this US-Israel war with Iran?

China and Russia have played, by and large, a low-key diplomatic role in supporting Iran but without any active political initiatives. BRICS is divided from within, as India is keen to curry favour with the USA and avoids close association with BRICS since the time that Trump attacked BRICS last year. But China & Russia are clear political beneficiaries of the war as American prestige is at an all-time low, having got entangled in an unwinnable war, resulting in weakening of the US ‘sole superpower’ image.

As an Asian expert, how would you characterise Africa’s reactions? And do you think that reactions were objectively authentic, basing perspectives broadly on Arab and Middle East contributions to Africa’s development?

Africa’s reactions to the war are primarily through the prism of the Global South, viewing Iran as resisting American-Israeli hegemonic designs, as, for example, manifested in two examples: South Africa’s rejection of American pressures to wean South Africa away from its support for Iran. Plus, Somalia joined Pakistan and China in supporting the Russian resolution in the UN Security Council seeking an immediate ceasefire and negotiations to halt the War, despite strident Western/US opposition to the Russian resolution.

Continue Reading

Trending