- The African Circular Economy Alliance (ACEA) is emerging as a prominent platform to promote business cooperation, knowledge sharing and technology transfer.
- The African Development Bank (AfDB) last week announced that Morocco will become the fourth member state of the ACEA.
The African Circular Economy Alliance (ACEA) is emerging as a prominent platform to promote business cooperation, knowledge sharing and technology transfer. The African Development Bank (AfDB) last week announced that Morocco will become the fourth member state of the ACEA. An event focussing on a just transition to a circular economy in Africa, was held during the fifth session of the United Nations Environment Assembly (UNEA 5.2) from 28 February to 2 March 2022 in Nairobi, Kenya.
Bank has committed its support for mainstreaming the circular economy as a development strategy for Africa. The AFDB’s recently launched new climate change and green growth strategic framework (2021-2030), features the circular economy as one of its flagship initiatives. The pan-African bank, advocates regulation of informal activities, focussing on waste management activities, and implementing conducive regulatory environments. . Circular economy practices also include the fight against biodiversity loss and climate change. The circular economy, according to Alexandre Lemille, the co-founder of the Alliance, could save Africa more than $186 billion by changing the way of consumption. A strong political will by the African governments is necessary to achieve the goal.
Read More;
 https://trendsnafrica.com/what-is-really-on-the-african-horizon-in-2022/
                https://trendsnafrica.com/africa-and-china-gearing-up-for-the-2021-focac/
               https://trendsnafrica.com/afdb-approves-44-million-for-climate-resilience-and-agriculture-for-mozambique/
Â
Morocco currently accounts for six million tons of waste, about 250 kg per capita per year. Apart from Morocco, the other members in the African Circular Economy Alliance are Rwanda and South Africa, which launched and joined the platform in 2017 at COP23 in Bonn, Germany and Nigeria which  joined the group in 2018.
