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 change actions.
“The ACSEA project aims to strengthen civil society’s role in promoting and implementing sustainable energy transition initiatives including renewable NDCs in Africa, influence renewable energy policy development at domestic, national and global levels” Njamnshi said.
PACJA new Board Chair Najwa Bourawi from Tunisia also emphasized on the need for a sustainable energy transition in Africa for the continent to meet its needs for socio-economic development.
“The time is critical. We must act quickly in the renewable energy transition to address the shocks of climate change that are affecting the African people,” Najwa said.
The General Congress also saw the election of members to head the executive council of PACJA and heads of different committees of the board of the organization for the next three years. These committees include the technical and political committee, the finance and administrative committee, the ethics and arbitration committee, the recruitment and credentials committee. Also elected to the continental committee was the Isaiah Esipisu, the Continental Coordinator for PAMACC.
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 change actions.
“The ACSEA project aims to strengthen civil society’s role in promoting and implementing sustainable energy transition initiatives including renewable NDCs in Africa, influence renewable energy policy development at domestic, national and global levels” Njamnshi said.
PACJA new Board Chair Najwa Bourawi from Tunisia also emphasized on the need for a sustainable energy transition in Africa for the continent to meet its needs for socio-economic development.
“The time is critical. We must act quickly in the renewable energy transition to address the shocks of climate change that are affecting the African people,” Najwa said.
The General Congress also saw the election of members to head the executive council of PACJA and heads of different committees of the board of the organization for the next three years. These committees include the technical and political committee, the finance and administrative committee, the ethics and arbitration committee, the recruitment and credentials committee. Also elected to the continental committee was the Isaiah Esipisu, the Continental Coordinator for PAMACC.
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.
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.
