YAOUNDE, Cameroon (PAMACC News) - The African Forest Forum (AFF) has embarked on a journey to impart relevant knowledge and skills to players in African forestry sector to be able to mobilize adequate resources for different projects. According to Professor Louis Defo of the University of Dschang who is one of the trainers, the objective of the training was to enable stakeholders “mobilize resources by developing bankable projects whose implementation could improve the climate change resilience and livelihoods of forest-dependent communities.” “ AFF is hoping this will result to better understanding of climate change and the associated problems in the forest sector as well as climate finance,” Professor Defo said. Experts say Climate change presents a US$3 trillion investment opportunity up for grabs in Africa by 2030 with the private sector expected to lead in driving green investment and development. According to Barbara Buchner, the Executive Director for Climate Finance Program at Climate Policy Initiative (CPI) who lent her voice to those of other experts at the Finance day event organize by the African Development Bank during COP24 in Poland, “Africa has to seize the available opportunities to obtain financing of their projects” Even though opportunities exist to finance climate change projects, African countries still find it hard accessing climate funding experts say. One of the key reasons according to experts is that stakeholders in the forest sector don’t fully master what funding opportunities exist, and how to draft bankable projects to attract such funding. “African Forest stakeholders have to be abreast with the different skills on drafting bankable project,” says Takam Michel of Action for Equitable, Integrated and Sustainable Development, known by its French acronym ADEID. Takam who is one of the training facilitators presented a paper under the theme,” Theorie du Changement” AFF points out that among the constraints that impede efficient and adequate climate finance mobilization by most African countries are insufficient domestic capacity at technical, institutional and financial levels to the development of quality project proposals that respond to investment criteria of climate funds, the laying down of sound implementation mechanisms as well as the establishment of a functional reporting systems. It is against this backdrop that AFF in collaboration with experts is training forest stakeholders on available funding openings and the techniques of drafting bankable projects. These challenges were also highlighted by Lucie Tengoua, lecturer in the University of Dschang who also presented a paper on “Financing Climate Change” “There is need to work in synergy and master the different avenues or pathways to climate financing to be able to succeed,” she cautions. The participants at the Yaounde workshop are, drawn from governmental / forest administration and non-governmental organizations. The papers presented by the different resource persons all highlighted globally the multiple climate funding opportunities and institutions as well as the potential project proposals need to address to be able to attract funding. Funding institutions among others included the World Bank,UN-REDD, LCDF( Fund for less developed countries, Multilateral Development Banks like AfDB, West African Bank,…

ADDIS ABABA, Ethiopia (PAMACC News) - The African Group of Negotiators on Climate Change (AGN) has committed to multistakeholder engagements for the development of Africa’s unified position regarding the continent’s climate change and development aspirations as the continent looks forward to COP-28 later in the year. Speaking at a Multistakeholder consultation and strategy for COP-28 in Addis Ababa, Ethiopia, AGN Chair, Ephraim MwepyaShitima said the African group remains committed to engaging with, and providing technical guidance and support to all stakeholders ranging from political leaders, civil society and other development actors to ensure Africa’s success at climate change negotiations. Mr. Shitima noted the importance of continuous engagements among stakeholders to ensure that Africa remains united and speaking with one voice. “As AGN, we take stakeholder engagements and consultations very seriously as they provide us with different views and positions that we have to advance in the negotiations, thereby cementing our legitimacy to speak for the continent,” said Shitima adding that the AGN is “determined to build on the successes we achieved at COP-27 and strengthen areas where we did not do well as we head to COP-28 and will rely on inputs from all stakeholders.” The AGN Chair also emphasised the group’s desire and strategy to increase the number of women negotiators in support of gender equality and in view of the unanimous agreement that women are on the frontlines of climate change not only in Africa but globally. “In order to ensure that we grow the AGN and in support of gender equality, we are partnering with UNDP to host a capacity training workshop for young negotiators, focusing mostly on young women. This is important as the strength of any group lies in grooming young people. In view of the importance of gender equality, we have given priority to young female negotiators as it is unanimously agreed that women are on the frontlines fighting climate change impacts. We thus believe that increasing the number of female negotiators adds to our strength as a negotiating block,” said Shitima. And speaking at the same function, the Pan African Climate Justice Alliance (PACJA) Executive Director, MithikaMwendapaid tribute to the AGN for its continued key role in pushing Africa’s agenda in the climate change negotiation process and called on African governments to get actively involved in the technical processes to ensure unity of purpose. Dr. Mwenda said PACJA wishes to see a unified approach at both the technical and high-level engagements to ensure that there is no misrepresentation of Africa’s interests and aspirations. “The Africa Group of Negotiators (AGN) played a key role in the negotiations at COP27; we therefore encourage everyone to be fully involved in the negotiations so as to have a stronger voice in the negotiation rooms. This meeting is therefore important to put in place a strategy to ensure unity of purpose as Africa heads to COP28,” said Dr. Mwenda. Earlier, United Nations Economic Commission for Africa (UNECA’s) Director for Technology, Climate Change and Natural Resources management, Jean Paul…

ADISS ABABA, Ethiopia (PAMACC News) - The African civil society under the umbrella of the Pan African Climate Justice Alliance (PACJA) has constituted new Board of Directors that will align the roadmap for climate justice agenda for the next three years. During PACJA General Congress in Addis Ababa on the sidelines of the 2023 Africa Union Summit, members from over 50 African countries came together to set out the blue print for a more engaging climate action in the aftermath of the 27th round of climate negotiations in Egypt. The 2023 general congress was held under the theme, “accountability and stock taking.” According to the Executive Director of PACJA Dr Mithika Mwenda, Africa is the most impacted by climate change but the least responsible and informed. “We need to empower our local communities both with the resources and right knowledge to enable them better fight climate change” said Mithika. Climate change accordingly impacts vulnerable communities in Africa in particular and the world at large such as smallholder producers, indigenous people, women, children, youth, many of whom live in fragile ecosystems and rely on natural resources for their livelihood. Experts agree that the combined impact of the climate crisis, COVID 19, deepening debt burden, Russia-Ukraine war and skyrocketing food and energy prices, resulting into increased cost of living for millions of people across the globe, especially those at the frontline of climate change impacts, necessitates urgent concerted action both at grass root and international levels. It is against this backdrop that PACJA and its partners are calling for collective efforts and the needed resources to drive innovative actions of the ground. Dr Mithika lauded the multiple partners that have stood by the strong civil society movement in the African continent to push the various stakeholders to action in addressing climate change. “Our actions cannot be successful without the support of these donor institutions and we are calling on all to come on board so that we can better strengthen our engagements” Mithika said. It should be recalled that the President of the African Development Bank Group Dr Akinwumi Adesina reiterated on the power of civil society organizations last year in a climate conference in Ivory Coast, harping on their contribution in pushing the Bank’s effort to build the continent’s resilience to climate change. “We will need civil society organizations, to strongly advocate for and support the 16th replenishment of Fund, as it holds great promise for supporting the most vulnerable in the face of climate change devastation,” the Bank chief said at the climate forum. One of the actions driven very powerfully in the African continent as pathways to address climate change crisis is the embrace of renewable energy. PACJA says one of its strategic initiatives in the climate change drive is ensuring a people-centered energy transition in Africa through civil society engagement. According to Dr Augustine Njamnshi, coordinator of the African Coalition for Sustainable Energy and Access, ACSEA renewable energy has to be put at the center of all climate…

LOME, Togo (PAMACC News) - The Board of Directors of the African Development Bank Group has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and EUR 50 million. An additional co-financing of $30 million for the credit line will come through the Africa Growing Together Fund (AGTF) from the People’s Bank of China (PBOC). EBID will use the three-and-a-half-year facility to provide direct financing to local corporates. Part of the facility will also be channelled through select local banks for on-lending to key sectors such as agriculture, infrastructure, and transport. The ultimate beneficiaries will be Small and Medium-sized Enterprises(SMEs), local enterprises cooperatives and farmers in the West Africa region. Speaking soon after the Board approval, the Deputy Director General for the West Africa Region, Joseph Ribeiro noted that regional development finance institutions like EBID are key partners of the African Development Bank and serve markets and client segments critical to the overall development of the continent. “They play an important role in promoting trade and regional integration. This is the Bank’s first financing support to EBID, and we look forward to an even stronger partnership in the near future,” he said. The Bank’s Head of Trade Finance, Lamin Drammeh, stressed the critical need for such support in the region. “We are excited to work with EBID to increase access to trade finance in the ECOWAS region with a special focus on the agriculture value chain, SMEs and women-owned businesses”, he said. “Regional institutions like EBID complement the Bank’s efforts to bridge the trade finance gap in Africa and serve as an effective conduit for channeling much-needed funds to underserved countries and sectors”, he added. The African Development Bank estimates the annual trade finance gap for Africa to be around $81 billion. Compared to multinational corporates and large local corporates, SMEs and other domestic firms have greater difficulty in accessing trade finance.