Nairobi, July 17, 2024 – The African Natural Capital Alliance (ANCA) and FSD Africa, in partnership with McKinsey, have released a groundbreaking report detailing the findings of the nature stress test conducted on the banking systems of five African countries including Rwanda and Zambia. The report, “Nature Stress Test: Assessing Exposure of Five African Banking...
For too long, the economic orthodoxy guiding businesses—as well as the central banks and regulators overseeing them—has taken scant interest in the natural capital that underpins so much economic activity. For decades, many have invested their faith in the power of markets to inexorably protect value and the assets that guarantee it. However, change is...
Dubai – 5th December, 2023: A recent groundbreaking report “Nature Stress Testing: Exposure to Nature-Related Risks Across Africa” published by The African Natural Capital Alliance (ANCA) during their co-session with FSD Africa at COP28, reveals critical insights into the dependence of 62% of African GDP on nature services. Additionally, 70% of communities in sub-Saharan Africa...
The economies of African countries, like those of countries in other global regions, are heavily reliant on natural resources. Nature loss and degradation pose signifi-cant risks for economic development and well-being. Investments to protect and restore natural environments can help safeguard African and other global regions from risks associated with environmental degradation and unlock new...
Financial instruments supporting mangroves and forestry are under consideration by members of the African Natural Capital Allliance (ANCA), an executive at the organisation has said. ANCA is in conversation with financial institutions looking to create innovative instruments that support mangroves and forests, according to Dorothy Maseke, head of ANCA’s secretariat. “ANCA and FSD Africa are...
This conference will be the first ‘global stocktake’ since the Paris Agreement in 2015. Ahead of the summit, ESG Clarity speaks to industry leaders from across the world to find out what they hope will be achieved in Dubai From the role of private finance, the results of the global stocktake, development of green tech in Asia to...
A recent report by The African Natural Capital Alliance (ANCA) during their co-session with FSD Africa at COP28 reveals critical insights into the exposure of African countries to nature-related risks. 62% of African GDP is dependent on nature services, with 70% of sub-Saharan African communities relying on forests and woodlands for their livelihoods. The reliance...
“Nature Voices Pledge” will be launched at a Presidential Panel on nature at the Africa Climate Summit Nairobi, September 5th, 2023: Some of Africa’s largest financial institutions are backing a call to conserve and restore nature amid a biodiversity crisis that threatens the wellbeing and livelihoods of tens of millions of its people. The landmark...
The African Natural Capital Alliance is proud to support the Africa Climate Summit taking place in Nairobi, Kenya from 4th to 6th September 2023. During the Summit ANCA members will be participating in two high profile events highlighting the role of finance in protecting nature and biodiversity. The Summit will also see the launch of...
In this edition of the African Business podcast we speak to Elizabeth Maruma Mrema about her role as co-chair at the Taskforce for Nature-related Financial Disclosures. Maruma Mrema is also the United Nations Assistant Secretary General and the Deputy Director of the United Nations Environment Programme. She is one of Time magazine’s Most Influential People for 2023 – having been...
