envoNEWS | Africa | 2021 | February
Written by EnvoPAP team
19th March 2021
1 minute read
As a region rich with resources, Africa remains home to the world’s largest free trade area and a 1.2 billion-person market, with the continent creating an entirely new development path. This monthly edition contains updates on sustainable initiatives in Africa at the moment, both within the Paper & Packaging sector and further afield within the sustainable sector.
New ‘Africa Sustainability Index’ measures health systems for 18 African countries
The FutureProofing Healthcare initiative, an initiative designed to enable data-driven dialogue about the future of healthcare, launched the Africa Sustainability Index at the 2021 Africa Health Agenda International Conference (AHAIC) on 9 March 2021.
Africa’s first sustainability-linked bond now available
JSE-listed Netcare, in partnership with Standard Bank, has launched Africa’s first sustainability-linked bond in South Africa and Lesotho.The coupon rate of these bonds is linked to the issuer’s achievement of certain pre-agreed sustainability performance targets. The bond was listed on the interest rate market of the JSE on 19 March.
Floating solar panels on 1% of reservoirs ‘could double’ Africa’s hydropower capacity
Solar panels floating on the lakes formed by Africa’s hydropower dams could be a major new source of power, according to a new study. Panels covering 1% of reservoirs alone could double African hydropower capacity and increase electricity generation from dams by 50%.
Vestas, EDPR join African green energy scheme
Vestas, EDP Renewables and Schneider Electric have become members of the RES4Africa Foundation, which has been involved in the promotion of green energy in Africa since 2012. The three companies were already part of the Foundation's network as partners of renewAfrica, an initiative aimed at creating a package of European-led risk mitigation tools to encourage the international investments involvement, necessary for the development of the African energy market.
Other News Developments:
- US Government and EU announce separate major funding for cocoa sustainability in West Africa
- The AfCFTA agreement should be radical in prioritizing Africa’s health
The envoPAP Team