Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.




411 University St, Seattle


Why Africa needs support on working climate adaptation – Business Daily

With much of the world struggling with crippling spikes in energy and food prices, it is tempting to set aside longer-term challenges such as climate change. In an August Ipsos poll of what worries the world, climate change languishes in seventh place behind more pressing issues such as inflation, social inequality and other social ills.
Africa, however, cannot afford to park its climate concerns. The warming planet is destroying the continent’s development potential. Already, the lives of 600 million people who rely on rain-fed agriculture are at risk because of the growing severity and frequency of droughts.
Vast swathes of the continent will become unlivable unless we act now to protect people and livelihoods from the worst impacts of global warming.
We only have a tiny window to build resilience against climate change. After that, large parts of Africa will become uninhabitable. Our cities will swell with climate refugees and the continent will struggle to feed, house and create economic opportunities for displaced populations, particularly young people.
On the current trajectory, global warming will cause an annual loss of up to four percent of GDP in Africa by 2040. Some nations are already spending the equivalent of 2.8 percent of GDP to adapt to increasingly violent and unpredictable weather.
This is an unfair burden. Africa, the continent that has contributed the least to global warming, is paying a steep price for the greenhouse gas emissions of the rich world.
Because of climate change, cleaning up after weather disasters has become a Sisyphean task—never-ending, as well as a colossal drain on resources.
Climate adaptation offers a different way out of this predicament. By preparing to live in a world of increasing climate extremes, the hope is that we can better withstand its effects. That is why African governments are doubling down on climate adaptation.
Two years ago, they launched the Africa Adaptation Acceleration Program (AAAP), with the aim of mobilizing $25 billion in adaptation investments by 2025. The African Development Bank has put up half of the funds already.
Climate adaptation is our best chance to bring about a safer, greener and more prosperous continent. The AAAP is already investing in projects that are making the livelihoods of farming communities more secure.
It is improving the accuracy of weather forecasts and making data available to farmers via mobile apps, and providing drought-resistant crop varieties in regions where water is increasingly scarce or rainfall unreliable.
Money invested in climate adaptation today will reduce the cost of dealing with climate disasters tomorrow.
At COP26 in Glasgow last year, the global donor community promised to double finance for adaptation, but yet again, committed funds have fallen short. A Focus on Africa
The international community has a choice: It can invest in long-term climate resilience, or it can continue in emergency mode, lurching from crisis to crisis. The latter causes donor fatigue, and it leaves Africa no better off.



Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.