Wednesday, April 11, 2018

“To get lost is to learn the way.”

Africa is second only to Latin America in economic inequalities. Dollar millionaires in Africa doubled to 160,000 between 2000 and 2015, while people living on less than $1.25 a day—the poverty threshold—increased from 358 million to 415 million between 1996 and 2011, according to the Brookings Institution, a US-based research group and think tank. Brookings Institution adds that by 2024 the number of African millionaires will rise 45%, to approximately 234,000.

 Ecosystem-based adaptation (EBA).agriculture relies on biodiversity and ecosystem services to help people adapt to climate change effects. The ministers said that both sectors can boost agricultural productivity through value addition and curtail postharvest losses, which are currently about $48 billion per annum. In addition to the huge postharvest losses is the $35 billion African governments spend annually on importing food. Reversing postharvest losses would mean recovering lost food while saving billions that could be invested in other sectors.
Labour productivity on the continent is currently 20 times lower than in developed regions, notes the UN’s Sustainable Development Goals Report 2016. An optimised agro-value chain and its ancillary chains of clean energy and logistics could create high-value jobs and increase labour productivity.
The off-grid micro-hydro power offsets carbon emissions in energy generation, incentivizes EBA use for climate adaptation and creates income opportunities along the agriculture, clean energy and ICT value chains—all enhancing socio-economic resilience.
 EBA-driven agriculture increases production by 128%.
Minimizing postharvest losses in a consolidated agro-market dominated by raw commodity exports could rake in an extra $20 billion annually, according to the World Bank.
Experts project the raw commodity value added, currently $150 billion, to increase to $500 billion by 2030. Such a market could significantly boost agricultural industries. At 12% of its total trade, Africa has the lowest rate of intra-regional trade for any region. (Europe’s rate is 65%, North America’s 45% and Southeast Asia is 25%). Only 11 of Africa’s 54 nations offer 100% access to other Africans. This contrasts with the European Union, where member states’ citizens enjoy 100% freedom of movement within the EU countries.
Strict visa requirements constrict deployment of continental labour and complicate efforts to create income opportunities and combat poverty. The poor are disproportionately vulnerable to climate change, as they lack the resources to adapt to, or quickly recover from, climate shocks, reports the World Bank.
The African Union’s plan for a visa-free continent for Africans by 2020, if fully implemented, will foster human capital flow for income generation and, by extension, increased climate resilience.

No comments: