• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

African leaders emphasize in-Continent processing of mineral wealth at Climate Summit

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
goldsmith's workshop, gold melt

goldsmith's workshop, gold melt

46
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

African leaders emphasize in-Continent processing of mineral wealth at Climate Summit

At the recently concluded African Climate Summit in Nairobi, Kenya, African leaders were united in their call for the processing of Africa’s extensive mineral wealth to occur within the continent.

They emphasized that “decarbonizing the global economy is also an opportunity to contribute to equality and shared prosperity.”

Despite Africa’s rich deposit of critical minerals, processing such minerals occurs outside the shores of the continent, thereby denying Africa a fair economic dividend.

The lack of adequate financing has been the constant factor that has limited Africa’s exploration of its own resources. During the summit, financiers pledged a new commitment of $23 billion for Africa. This funding aims to enhance Africa’s capacity to adapt to increasingly extreme weather conditions, conserve natural resources, and develop renewable energy sources.

Kenya’s President, William Ruto, presented the Nairobi Declaration during the summit, which was endorsed by African Heads of State and Government. Ruto announced, “During this action-focused summit, various stakeholders, including governments, the private sector, multilateral banks, and philanthropists, have made substantial commitments totaling a remarkable $23 billion for green growth, mitigation, and adaptation efforts across Africa.”

James Mwangi, CEO of Equity Bank, speaking on behalf of the private sector, expressed a commitment to drive investment opportunities across various sectors covered in the declaration. He emphasized the private sector’s commitment to seeking opportunities for nature-based solutions in decarbonization plans, committing to net zero goals, supporting carbon markets, and ensuring a just transition.

RelatedPosts

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

Silver Price Falls More Than 6% as Precious Metals Retreat

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

Regarding green transition minerals, Mwangi stated that leaders are dedicated to investing in new green mineral projects and their value chains while prioritizing fair working conditions.

In the realm of food and agriculture, the commitment involves creating critical infrastructure like refrigeration facilities and warehouses to reduce post-production waste and support market and trade opportunities.

The summit also underscored the importance of global leaders uniting to support a global carbon tax on fossil fuels and advocated for reforms in the global financial system. African nations have consistently argued that they face disproportionately high borrowing expenses, hindering their capacity to allocate more resources to address climate change. The declaration called on the world’s largest emitters of greenhouse gases and the wealthiest countries to fulfill their promises, particularly the unmet pledge of $100 billion annually in climate finance to developing nations made 14 years ago.

This united call from African leaders represents a significant step toward harnessing Africa’s mineral wealth for sustainable development while addressing climate change challenges.

Tags: African leadersAfrican leaders emphasize in-Continent processing of mineral wealth at Climate SummitClimate Summit
No Result
View All Result

Highlights

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

GPL: Medeama and Samartex share spoils in Tarkwa thriller as Dreams FC secure first win of the season

Premier League: Postecoglou Sacked After Forest Defeat; Arsenal Stays Top with Win at Fulham

Verstappen Clinches Pole Position for US Grand Prix in Austin

Let’s Collaborate to Exploit Full Potential of AfCFTA – Mahama to Grenada PM

Trending

Business

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

October 19, 2025

Global Shipping Emissions Deal Sinks After Last-Minute Collapse A decade-long effort to make the shipping industry the...

Silver Price Falls More Than 6% as Precious Metals Retreat

October 19, 2025

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

October 19, 2025

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

October 19, 2025

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

October 19, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.