{"id":477081,"date":"2023-03-01T14:51:49","date_gmt":"2023-03-01T14:51:49","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=477081"},"modified":"2023-03-01T14:51:54","modified_gmt":"2023-03-01T14:51:54","slug":"global-action-needed-for-equitable-and-sustainable-resource-distribution-in-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2023\/03\/01\/global-action-needed-for-equitable-and-sustainable-resource-distribution-in-africa\/","title":{"rendered":"<strong>Global action needed for equitable and sustainable resource distribution in Africa<\/strong>"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p>Rapid population growth, urbanization and poor water resource management are threatening access to clean water in Africa, according to the highlights of a report on the 2023 Africa Sustainable Development by the Economic Commission for Africa (ECA).<\/p>\n\n\n\n<p>The report was presented at the High level panel: From Africa to the 2023 high-level political forum on sustainable development and the Sustainable Development Goals Summit &#8211; priorities to address multiple crises and accelerate implementation of the 2030 Agenda for Sustainable Development and Agenda 2063 at the ongoing&nbsp;<a href=\"https:\/\/www.uneca.org\/eca-events\/arfsd2023\" target=\"_blank\" rel=\"noreferrer noopener\">Ninth session of the Africa Regional Forum on Sustainable Development (ARFSD-9)<\/a>&nbsp;in Niamey, Niger .<\/p>\n\n\n\n<p>\u201cIncreasing global efforts are required to ensure sustainable and fair distribution to all,\u201d said Adam Elhiraika, ECA Director of Macroeconomic Policy Division.<\/p>\n\n\n\n<p>\u201cHarnessing digital technologies and promoting free and fair competition will be key to revitalizing African economies by stimulating innovation, economic growth and job creation and enhancing greater connectivity.\u201d<\/p>\n\n\n\n<p>According to the report, only 30% of Sub Sahara Africa used safely managed drinking water sources compared to the world average of 74%. Access to safely managed sanitation facilities was only 21% in Sub Sahara Africa compared to the world average 54%.<\/p>\n\n\n\n<p>The ECA director said the negative trend in water stress levels must be reversed particularly in North Africa where water stress levels reached 120.5% in 2019.&nbsp;<\/p>\n\n\n\n<p>\u201cIt is crucial to appropriately manage competing demands for water resource and enhance water use efficiency such as through reuse and recycling and ecosystem protection,\u201d note Mr Elhiraika.<\/p>\n\n\n\n<p>In 2020, he said, Official Development Assistance&nbsp;(ODA)&nbsp;for water and sanitation in Sub Sahara Africa dropped below the 2015 level of $2.5billion.<\/p>\n\n\n\n<p>On affordable clean energy, the report notes that access to modern and renewable sources of energy is fundamental to achieve sustainable human development. Progress on access to electricity- generating capacity per capita must be accelerated.<\/p>\n\n\n\n<p>Electricity access in Africa is on the rise and there is large potential for increased production, yet over half of the population lacks access to electricity.<\/p>\n\n\n\n<p>Progress is uneven. Algeria, Egypt, Mauritius, Morocco, Seychelles and Tunisia achieved close to 100% access to electricity in 2020 but in at least 16 countries 60% or more lack access.<\/p>\n\n\n\n<p>\u201cDespite notable efforts to increase the use of renewable energy sources, the share of renewable energy in total energy consumption remained at 68.3% from 2013 to 2019 in Sub Sahara Africa,\u201d said Mr Elhiraika.<\/p>\n\n\n\n<p>\u201cNorth Africa and South Africa are more reliant on nonrenewable energy consumption than other sub regions.\u201d<\/p>\n\n\n\n<p>According to the report, no noteworthy progress has been made on industrialization. The potential of the manufacturing sector must be unleashed including ensuring access to electricity, facilitating credit and creating a climate that is conclusive to Foreign Direct Investment (FDI).<\/p>\n\n\n\n<p>FDI to Africa continues to lag behind other regions such as Asia and Latin America and Caribbean.<\/p>\n\n\n\n<p>\u201cAfrican governments need to strengthen domestic resource mobilization, including through private financing and sustainable public borrowing,\u201d he said, adding that more efforts are needed in strategic development cooperation, \u201cparticularly enhanced South &#8211; South cooperation and issuance of impact bonds.\u201d<\/p>\n\n\n\n<p>On Sustainable cities and communities, the report indicates that the proportion of the urban population living in slums in Africa has shown a slight decrease.<\/p>\n\n\n\n<p>\u201cProgress has been made in providing descent housing and moving people out of informal settlement,\u201d says the report.<\/p>\n\n\n\n<p>Progress towards reducing the number of deaths, missing persons and directly affected persons attributed to disasters has shown improvement but remains below the target.<\/p>\n\n\n\n<p>Increasing the scope of adoption and implementation of national disaster risk reduction strategies must also be accelerated.<\/p>\n\n\n\n<p>On domestic revenue generation in Africa continues to lag behind other regions and is below the average for least developed countries.<\/p>\n\n\n\n<p>The proportion for domestic budget financed by domestic taxes improved in Africa, rising to 65.8% in 2019 compared to 61.9% in 2015.<\/p>\n\n\n\n<p>The Organization for Economic Co-operation and Development (OECD) countries have collectively fallen short of their targets of devoting 0.7 % of their gross national income to ODA<\/p>\n\n\n\n<p>Debt management has been challenging for African governments. Despite some notable progress achieved, ICT in Africa remains limited.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Rapid population growth, urbanization and poor water resource management are threatening access to clean water in Africa, according to the highlights of a report on the 2023 Africa Sustainable Development by the Economic Commission for Africa (ECA). The report was presented at the High level panel: From Africa to the 2023 high-level political forum on<\/p>\n","protected":false},"author":527180,"featured_media":477082,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12040,12065],"tags":[],"class_list":{"0":"post-477081","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"category-press-releases","9":"post_format-post-format-aside","10":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global action needed for equitable and sustainable resource distribution in Africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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