Now that #COP26 is over, what lies ahead for resource-constrained, climate battered economies in #Africa? The view from @gyude_moore
“Over 60% of the continent is dependent on some form of agriculture”, he points out. Most of that is rain-fed, with minimal irrigation.
“Any climate disruption has a significant impact on livelihoods. We’re seeing a climate induced famine in Madagascar.”
“Any climate disruption has a significant impact on livelihoods. We’re seeing a climate induced famine in Madagascar.”
Heavy spending on R&D on drought resistant seed is vital, @gyude_moore argues, and governments need to own that IP.
“If someone else has the intellectual property, it puts us at a disadvantage.”
“If someone else has the intellectual property, it puts us at a disadvantage.”
“There has been a decline, a noticeable decline in Chinese lending,” @gyude_moore points out. “China is no longer as open to African risk. What does that mean for Africa, because China’s such an important part of our infrastructure financing?”
Prime example of this - #Uganda got no debt for its SGR program. Neither did #Kenya for the second leg of its #SGR project, despite repeated efforts to do so.
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