Unlocking sustainable development: How foreign direct investment shapes Africa’s future
Posted: 15 August, 2024 Filed under: Elim Shanko, Khushi Agrawal | Tags: 2030 Agenda, 2063 Agenda, African Continental Free Trade Area, climate change, developing countries, environmental degradation, environmental protection, FDI, fighting poverty, Foreign direct investment, global plan, global well-being, human rights abuses, international cooperation, reducing inequalities, social inclusion, sustainable development, Sustainable Development Goals Leave a comment |
Author: Khushi Agrawal Intern, RA Consulting |
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Author: Elim Shanko Sustainable development consultant, RA Consulting |
Introduction
Foreign direct investment (FDI) is a critical method of shaping economic growth and development for developing countries.[1] While instances of cross-border capital flow aim to foster improvement, it is becoming increasingly apparent that FDI is not the significant beneficiary of sustainable development it was originally believed to be.[2] The United Nations’ 2030 Agenda of Sustainable Development Goals (SDGs) are nowhere near their desired or planned standings.[3]
This article critically examines the current state of FDI and its effects on Africa’s developing economy, uncovers the challenges foreign investment is facing and searches for potential steps forward in achieving sustainability goals.
The Intersection of Gender Equality and Sustainable Development in African Communities
Posted: 12 August, 2024 Filed under: Elim Shanko, Keten Abebe | Tags: African Charter on Human and Peoples’ Rights on the Rights of Women in Africa (Maputo Protocol), Agenda 2063, Convention on the Elimination of All Forms of Discrimination against Women (CEDAW), egalitarian involvement, environmental degradation, gender discrimination, gender equality, gender parity, international treaty, labour exploitation, mitigation, National climate change policies (NCCPs), Nationally Determined Contributions (NDCs), natural resources, Paris Agreement, policy, poverty, quality of life, sub-Saharan Africa, sustainable development, United Nations’ (UN) Paris Agreement (PA), women's rights Leave a comment |
Author: Keten Abebe Intern, RA Consulting |
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Author: Elim Shanko Sustainable development consultant, RA Consulting |
Introduction
As of 2019, approximately 60% of employed women within Sub-Saharan Africa worked in agriculture, a field gravely impacted by corporations’ exhaustive use of natural resources. The financialisaton and depletion of natural resources within these African communities leads many women to experience poverty and destitute living conditions. Approximately 62.8% of women worldwide who live in extreme poverty reside in Sub-Saharan Africa. Additionally, the reality of worsening environmental conditions exacerbates the deterioration of women’s quality of life. According to the UN Women’s Organisation, African women often overly endure labour exploitation within capitalist markets, leading to environmental degradation and unsustainable development practices to persist among financially driven corporations. Similarly, a brief submitted to the 2015 Global Sustainable Development Report (GSDR) emphasises the impracticality of achieving sustainable development within African communities if the alienation of half of the population (women and girls) persists socially, economically and politically. Ultimately, sustainable development within African communities cannot be achieved without gender parity.
Unpacking the Race to Zero Campaign and its Impact on the realisation of the right to development in Africa
Posted: 2 February, 2024 Filed under: Elim Shanko | Tags: African Charter of Human and Peoples Rights, climate challenges, climate justice, cyclones, decarbonisation strategy, devastating droughts, development goals, Disaster Risk Reduction reports, energy justice, energy-poor zones, GHG emissions, global crisis, Just Transition, over-consumers, Paris Agreement, Race to Zero Campaign, renewable sources, right to development, sustainable development, sustainable future Leave a comment
Author: Elim Shanko
Sustainable development consultant, RA Consulting
Introduction
The African continent, recently grappling with unprecedented climate challenges, finds itself at the forefront of a global crisis. From devastating droughts to intense cyclones, the impacts have been severe, costing lives and disrupting economies. The United Nations Office for Disaster Risk Reduction reports that climate catastrophes cost Africa 12.3% of its GDP between 2015 and 2021. Shockingly, Africa’s 30 deadliest weather disasters have all occurred since 2022, attributing climate change as the primary cause. Thus, the Race to Zero (RtZ) campaign emerges as a key player in the pursuit of a sustainable future. This article critically examines the campaign’s structure and its implications for Africa’s unique challenges, questioning its alignment with principles of climate justice, energy justice, and a just transition and ultimately assessing its impact on the realisation of the right to development.
AfricLaw 