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Africa: Why a Global Tech Fund for the Poorest Countries Is a Smart Investment

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Gebze, Turkiye — The 4th International Conference on Financing for Development could catalyse coordinated action to close the financing gap and set the stage for a STI-driven transformation in the world’s poorest countries.
The stark reality is that just over 250 weeks remain to go before the end of the decade, marking the endgame for achieving the Sustainable Development Goals (SDGs). With less than a fifth of the Goals on track, the Least Developed Countries (LDCs) or the world’s poorest countries urgently need bold, innovative financing for science, technology and innovation (STI) to re-set their development trajectories and salvage the 2030 Agenda.
In June/July this year, the Spanish city of Seville will host the 4th International Conference on Financing for Development, or FfD4. The last such summit was held in Addis Ababa, Ethiopia in 2015, the same year the SDGs were agreed.
Since then, the development financing gap has widened as has the divide between the richest and poorest countries across the globe. The financing gap – the amount of money required to achieve the SDGs and the resources that have been committed – is now estimated at $4.2 trillion annually.
The silver lining could be golden for the world’s most vulnerable
Notably, this past decade has seen astonishingly rapid developments in STI, spanning areas such as biotech, artificial intelligence, machine learning, green technologies and satellite connectivity. These breakthroughs, largely driven by digital technologies, have created immense wealth for a few.
According to Oxfam, five individuals will reach trillionaire status before the close of 2029, while the number of people living in poverty has remained stubbornly high since 1990. Yet for the 700 million people in the margins, this progress has not translated into better opportunities.
For them, these developments in STI could be truly transformational. There’s no better time than now to close the inequality gap and harness these assets for the benefit of all.
“There is nothing more powerful than an idea whose time has come”- Victor Hugo
The concept of a dedicated global fund for STI has never been fully operationalized at scale, but the idea is not new. The United Nations, UNESCO, the World Bank, the African Union, the G77 and China have all proposed the idea of an STI funding pool, suggesting growing momentum and backing for such a mechanism.
However, it is important to push the envelope and make the case for such a fund exclusively for the LDCs. June/July’s high-level summit on financing for development could provide the coordination and impetus it needs to get started. With the key global players in attendance, this summit could be a pivotal moment to bring the idea of a STI fund to life.
The 2024 Pact for the Future and its associated Global Digital Compact along with the Doha Programme of Action offer the policy foundation and moral imperative for such an initiative.
What the world’s 44 least developed countries (LDCs) need.
A global fund for STI should focus on financing three priorities: Boosting the capacity of institutions in LDCs; closing the skills gap; and creating an enabling environment for STI to flourish.
Economic resilience and structural change depend upon strong productive capacity which is driven by equally strong national institutions that can effectively implement pro-growth strategies and technology. Tech transfer and skills building will only support development if a country’s institutions can take advantage of the technologies they need. This aligns with the imperative to upskill and reskill workers in LDCs.
With just under half of their citizens having no access to electricity and only a third able to access the internet, it is imperative that countries are supported with vital, enabling development infrastructure. Additionally, a grant financing facility to bolster centres of excellence in the Global South would enable countries to effect game-changing outcomes in critical areas such as climate change, agriculture, and business development.
Why a global STI fund is a smart investment
Investing in the tech capacities of LDCs is not only a moral obligation but makes good business sense. High levels of inequality limit access to education and skills, undermining social mobility and economic growth in the world’s 44 LDCs. Rapid economic growth and development in these countries – with their massive market of over one billion people – represents an equally massive opportunity for countries in the global South and also for developed countries.
Investing in a dedicated STI fund would pave the way for long-term sustainable development in LDCs, providing opportunities for collaboration, harnessing the talent of their youthful populations and opening up new markets.
The Financing for Development summit as a catalyst for coordinated action
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This decade began with a global pandemic that wrought havoc on economies worldwide, particularly the most vulnerable. Those who didn’t have the buffers to bounce back continue to struggle to meet basic development objectives and as a result, the SDG promises of 2015 remain elusive.
The 4th International Conference on Financing for Development presents a unique opportunity to focus on STI as an essential driver for development. The summit could catalyse coordinated action to close the financing gap and set the stage for a STI-driven transformation in the world’s poorest countries.
As we approach the final stretch of the 2030 Agenda, the need for solutions has never been more obvious. Investing in a global STI fund for LDCs is not just about making a big difference for the people in the poorest and most vulnerable countries, it also makes good business sense.
Deodat Maharaj is the Managing Direct0r of the United Nations Technology Bank for the Least Developed Countries and can be reached at: deodat.maharaj@un.org
IPS UN Bureau
Follow @IPSNewsUNBureau
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Africa: Expanding Market Access – Unlocking New Opportunities for Entrepreneurs

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Sometimes, one opportunity is all it takes to change the trajectory of a business. For many women in the WCW Programme, 2024 has been a year of breakthroughs – where barriers gave way to bridges, and small businesses found space to grow.
Thanks to focused coaching and training, WCW entrepreneurs opened the door to over 10 new markets, generating opportunities valued at more than US$200,000. With tailored procurement support, they went even further – securing five supplier partnerships in Tanzania and seven in Zambia. These aren’t just numbers. They’re new deals signed, new shelves stocked, and new markets won.
Behind this progress is WCW’s strong belief in insight before action. Partnering with a leading service provider, the programme is helping entrepreneurs decode market trends, customer behaviours, and competitor landscapes. Through boot camps in six countries, women are now equipped with sharper strategies to position and promote their businesses like pros.
In the agriculture and agro-processing sectors, WCW is collecting critical data to pinpoint entry barriers, market concentrations, and competitive pressures. These insights are more than academic – they’re fuelling policy advocacy aimed at making it easier for small businesses to enter and thrive in high-potential sectors.
Support is also happening behind the scenes. WCW has brought in seasoned service providers to guide entrepreneurs in securing offtake agreements – particularly in agribusiness, where the potential to scale is massive. Plans to roll out a collective/aggregation model are also underway, giving smaller businesses the power to move together and tap into bigger supply chains.
Key Voices:
“The programme helped me focus on customer needs, allowing me to improve service delivery and expand my product range.”
— Participant from Tanzania
“The WCW-I programme has been helping me develop confidence, refine operations, and expand my market reach.”
— Participant from Zambia
With clearer pathways and stronger partnerships, WCW is showing what’s possible when entrepreneurs are given the tools – and the trust – to lead their own growth.
Read the original article on Graça Machel Trust.
AllAfrica publishes around 500 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa – aggregating, producing and distributing 500 news and information items daily from over 110 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
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US to ban artificial food dyes in cereals, snacks and beverages

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(BBC) US Health Secretary Robert F Kennedy Jr is set to announce a ban on certain artificial food dyes, according to a statement from the health agency.

Kennedy plans to announce the phasing out of petroleum-based synthetic dyes as a “major step forward in the Administration’s efforts to Make America Healthy Again” the US Department of Health and Human Services (HHS) said on Monday.

No exact dates for the changes were provided, but HHS said Kennedy would announce more details at a news conference on Tuesday.

The dyes – which are found in dozens of foods, including breakfast cereals, candy, snacks and beverages – have been linked to neurological problems in some children.

On the campaign trail alongside Donald Trump, Kennedy last year pledged to take on artificial food dyes as well as ultra-processed foods as a whole once confirmed to lead to top US health agency.

The move comes after the Food and Drug Administration (FDA) earlier this year banned one dye, Red Dye 3, from US food and pharmaceuticals starting in 2027, citing its link to cancer in animal studies. California banned the dye in 2023.

Most artificially coloured foods are made with synthetic petroleum-based chemicals, according to nutrition nonprofit Center for Science in the Public Interest (CSPI).

Some of the petroleum-based food dyes include Blue 1, used in candy and baked goods; Red 40, used in soda, candy, pastries and pet food; and Yellow 6, also used in baked goods and drinks. Synthetic food dyes are found in dozens of popular foods including M&M’s, Gatorade, Kool-Aid and Skittles.

The only purpose of the artificial food dyes is to “make food companies money”, said Dr Peter Lurie, a former FDA official and the president of CSPI.

“Food dyes help make ultra-processed foods more attractive, especially to children, often by masking the absence of a colorful ingredient, like fruit,” he said. “We don’t need synthetic dyes in the food supply, and no one will be harmed by their absence.”

Companies have found ways to eliminate many of the dyes in other countries, including Britain and New Zealand, said former New York University nutrition professor Marion Nestle.

For example, in Canada, Kellogg uses natural food dyes like carrot and watermelon juice to colour Froot Loops cereal, despite using artificial dyes in the US.

How harmful the synthetic dyes are is debatable, said Ms Nestle.

“They clearly cause behavioural problems for some – but by no means all – children, and are associated with cancer and other diseases in animal studies,” she said.

“Enough questions have been raised about their safety to justify getting rid of them, especially because it’s no big deal to do so,” she added. “Plenty of non-petroleum alternative dyes exist and are in use.”

In 2008, British health ministers agreed to phase out six artificial food colourings by 2009, while the European Union bans some colourings and requires warning labels on others.

In recent months, Kennedy’s food-dye ban has found momentum in several state legislatures. West Virginia banned synthetic dyes and preservatives in food last month, while similar bills have been introduced in other states.

The post US to ban artificial food dyes in cereals, snacks and beverages appeared first on ZNBC-Just for you.

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Africa: Captain Ibrahim Traoré – the Soldier Selling Africa False Hope

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Traoré’s anti-democratic posture is not a blueprint for development — it is a calculated strategy to entrench military rule under the guise of a populist revolution.
What Traoré is selling is not a radical reimagining of governance. It is an age-old authoritarian tactic: discredit democracy, invoke national pride, and suppress dissent — all while consolidating power… Since assuming power through a 2022 coup, Traoré has suspended political parties, cracked down on the press, and muzzled civil society organisations. He claims these actions defend national sovereignty and promote a “popular, progressive revolution.”
Clad in fatigues and fluent in fiery rhetoric, Captain Ibrahim Traoré of Burkina Faso has emerged as a poster child of a new wave of African populism. To his supporters, he is a revolutionary — bold, youthful, and principled.
To the disillusioned youth across the continent, he offers a seductive promise: progress without the inconveniences of democracy. But behind the revolutionary slogans and Sankara-inspired aesthetics lies a far less romantic reality.
Traoré’s anti-democratic posture is not a blueprint for development — it is a calculated strategy to entrench military rule under the guise of a populist revolution. Let us be clear, Africa has every right to interrogate the forms and functions of democracy on the continent.
For decades, many African states have endured dysfunctional governance, hollow elections, and endemic corruption — even under democratically elected leaders. But that frustration must not be manipulated into legitimising authoritarianism.
What Traoré is selling is not a radical reimagining of governance. It is an age-old authoritarian tactic: discredit democracy, invoke national pride, and suppress dissent — all while consolidating power.
Since assuming power through a 2022 coup, Traoré has suspended political parties, cracked down on the press, and muzzled civil society organisations. He claims these actions defend national sovereignty and promote a “popular, progressive revolution.”
But there is little “popular” about a regime that stifles dissent and sidelines citizen participation. Beneath the rhetoric, his governance follows a familiar authoritarian script: glorify the military, delegitimise the opposition, and centralise authority.
His framing of democracy as a Western construct is both lazy and intellectually dishonest. Democracy is not a Western invention — it is a universal aspiration. It is not perfect — no system is — but it provides tools for accountability, the protection of rights, and peaceful transitions of power.
Traoré’s assertion that no country has developed under democracy ignores glaring counterexamples: India, Indonesia, Botswana, Mauritius, and even South Africa — imperfect democracies that have made tangible developmental progress.
Democracy is not the enemy of progress; bad leadership is. Traoré frequently cites China and Rwanda as models of authoritarian success. But cherry-picking these exceptions while ignoring the graveyard of failed autocracies is deeply misleading.
For every China, there are countless Zimbabwes, Sudans, and Libyas — nations brought to their knees by unchecked power. Even China’s economic gains have come at great human cost: widespread censorship, suppression of dissent, and the erosion of personal freedoms — trade-offs many Africans are neither willing nor ready to accept.
In truth, Traoré’s appeal is more symbolic than substantive. His military garb, rejection of Western aid, and Pan-Africanist slogans serve a performative function — designed to project the image of a revolutionary, while masking the repressive nature of his regime.
It is political theatre, expertly staged for a generation hungry for change but jaded by the failures of democracy. And let us not be fooled by his youth or populist flair. Africa has seen this movie before.
From Mobutu in Zaire to Mengistu in Ethiopia, the continent’s post-independence history is littered with military strongmen who promised renewal but delivered repression. They all began with charismatic appeals and revolutionary fervour.
They all ended with censorship, violence, and economic ruin. Traoré’s growing popularity among young Africans — many of whom have no memory of the brutality of past military regimes — is understandable, but dangerous.
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Disillusionment with democracy should fuel reform, not nostalgia for dictatorship. Africa does not need another soldier-saviour. It needs strong institutions, functional systems, and an empowered citizenry — not one infantilised by authoritarian paternalism.
If Captain Traoré is genuinely committed to African sovereignty and development, let him invest in institution-building. Let him empower an independent judiciary, uphold press freedom, invest in civic education, and be accountable to the people — not just through speeches, but through action.
Anything less is not leadership — it is manipulation. The truth is, democracy does not fail because it is un-African. It fails when it is hijacked by corrupt elites, undermined by weak institutions, and eroded by poverty and exclusion.
The solution is not to discard democracy — but to fix it, to deepen it, to make it real. That is the only sustainable path to development, dignity, and self-determination.
Umar Farouk Bala writes from Abuja. He can be reached via: umarfaroukofficial@gmail.com.
Read the original article on Premium Times.
AllAfrica publishes around 500 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
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