Close Menu
    What's Hot
    Nigeria’s Inflation Rate for April Climbs to 15.69%

    Nigeria’s Inflation Rate for April Climbs to 15.69%

    May 15, 2026
    Fitch Affirms Guaranty Trust Holding Company at 'B'; Outlook Stable

    Fitch Affirms Guaranty Trust Holding Company at ‘B’; Outlook Stable

    May 15, 2026
    HYPE Gains 17% as Coinbase Becomes USDC Treasury Deployer

    HYPE Gains 17% as Coinbase Becomes USDC Treasury Deployer

    May 15, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, May 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Inside Africa
    Inside Africa

    Climate Change Threatens 83% of Africa’s Jobs — ECA

    Olu AnisereBy Olu AnisereApril 11, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Climate Change Threatens 83% of Africa’s Jobs — ECA
    Share
    Facebook Twitter Pinterest Email Copy Link

    Climate Change Threatens 83% of Africa’s Jobs — ECA

    Experts say African governments must act urgently to protect jobs and livelihoods as climate change threatens 83 per cent of Africa’s jobs and the labour market.

    The UN Economic Commission for Africa (ECA), said this in a statement on its website. The experts spoke at a high-level side event of the 11th Session of the Africa Regional Forum on Sustainable Development (ARFSD).

    The event was organised by the Macroeconomic Policy, Finance and Governance Division of the UN ECA. It focused on the findings of the Economic Report on Africa 2023 and 2024.

    Ms Nadia Ouedraogo, an Economic Affairs Officer at ECA, revealed that informal employment accounted for 83 per cent of all jobs in Africa in 2024. Ouedraogo said sectors such as agriculture, construction, and services sectors were highly vulnerable to climate-induced shocks.

    “Women and youth are especially at risk of job and income losses due to environmental degradation, erratic weather patterns and seasonal disruptions,” she said.

    Moderating the session, Ms Zuzana Schwidrowski, Director of the Macroeconomic Policy Division, said climate change was not only destroying livelihoods but also threatening financial and macroeconomic stability across Africa.

    “While these climate-related shocks are eroding growth and fiscal buffers, they also present opportunities for transformation through green innovation and investment,” Schwidrowski said.

    In his remarks, Mr Sam Koojo, Assistant Commissioner at Uganda’s Ministry of Finance, Planning and Economic Development, called for stronger partnerships between governments, the private sector and development partners. “We must collaborate, co-create solutions, and prioritise climate action that drives job creation and inclusive growth,” he said.

    Echoing the urgency, Mr Andrew Allieu, a Senior Economist with the ILO Regional Office for Africa, warned that climate change could displace millions and widen social inequalities. “The livelihoods of 1.2 billion workers who depend on natural resources are at risk.

    ” Heat stress alone is already causing a 2.3 per cent loss in working hours and that could translate to 14 million jobs lost by 2030,” he said. Mr Etienne Espagne, Senior Climate Economist at the World Bank, stressed the need for coordinated regional action to build high-skill, climate-resilient jobs.

    “Aligning supply chains with regional strengths will reduce risks and ensure shared prosperity. Early investment in renewables and innovation is essential to secure green jobs,” Espagne added.

    Also speaking, Ms Olapeju Ibekwe, CEO of Sterling One Foundation, emphasised that public-private partnerships are key to attracting green investments and fostering inclusive development.

    “Women must be fully included in the green transition not just as beneficiaries, but as leaders in decision-making and innovation,” she said. Panelists also raised concern about projected economic losses, with a one per cent rise in temperature potentially cutting Africa’s GDP by 2.2 per cent by 2030, particularly impacting West Africa.

    They warned that without targeted policies, the shift away from fossil fuels could worsen inequality, especially in West and Central Africa. The experts estimated that the carbon market alone could create up to 400 million jobs by 2050, in addition to those in renewable energy and sustainable agriculture.

    The session concluded with calls to scale up reskilling programmes for youth and informal workers, strengthen social protection, and unlock innovative financing to accelerate Africa’s green transition. #Climate Change Threatens 83% of Africa’s Jobs — ECA#

    Strengthening Nigeria’s Financial Ecosystem: Senate Committee Hosts Workshop with Kuda’s Support

    Climate change The Economic Commission for Africa (ECA)
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Related Posts

    Rand Relapses Against USD, EUR, GBP as Optimism Fades
    FX Market

    Rand Relapses Against USD, EUR, GBP as Optimism Fades

    May 15, 2026
    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF
    News

    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF

    May 14, 2026
    South African Rand Drops Versus Majors as Gold Drops
    News

    South African Rand Drops Versus Majors as Gold Drops

    May 13, 2026
    Egypt Launches Transition to Electric Vehicles
    News

    Egypt Launches Transition to Electric Vehicles

    May 12, 2026
    African Experts Seek to Innovate on Debt Reform, Sustainable Finance
    Inside Africa

    African Experts Seek to Innovate on Debt Reform, Sustainable Finance

    May 11, 2026
    Fitch Affirms Angola at 'B-' with Stable Outlook
    News

    Fitch Affirms Angola at ‘B-‘ with Stable Outlook

    May 9, 2026
    Add A Comment

    Comments are closed.

    Editors Picks
    Nigeria’s Inflation Rate for April Climbs to 15.69%

    Nigeria’s Inflation Rate for April Climbs to 15.69%

    May 15, 2026
    Fitch Affirms Guaranty Trust Holding Company at 'B'; Outlook Stable

    Fitch Affirms Guaranty Trust Holding Company at ‘B’; Outlook Stable

    May 15, 2026
    HYPE Gains 17% as Coinbase Becomes USDC Treasury Deployer

    HYPE Gains 17% as Coinbase Becomes USDC Treasury Deployer

    May 15, 2026
    CME Group to Launch Nasdaq CME Crypto Index Futures

    CME Group to Launch Nasdaq CME Crypto Index Futures

    May 15, 2026
    Latest Posts
    Rand Relapses Against USD, EUR, GBP as Optimism Fades

    Rand Relapses Against USD, EUR, GBP as Optimism Fades

    May 15, 2026
    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF

    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF

    May 14, 2026
    South African Rand Drops Versus Majors as Gold Drops

    South African Rand Drops Versus Majors as Gold Drops

    May 13, 2026
    Egypt Launches Transition to Electric Vehicles

    Egypt Launches Transition to Electric Vehicles

    May 12, 2026
    African Experts Seek to Innovate on Debt Reform, Sustainable Finance

    African Experts Seek to Innovate on Debt Reform, Sustainable Finance

    May 11, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts
    Nigeria’s Inflation Rate for April Climbs to 15.69%

    Nigeria’s Inflation Rate for April Climbs to 15.69%

    May 15, 2026
    Fitch Affirms Guaranty Trust Holding Company at 'B'; Outlook Stable

    Fitch Affirms Guaranty Trust Holding Company at ‘B’; Outlook Stable

    May 15, 2026
    HYPE Gains 17% as Coinbase Becomes USDC Treasury Deployer

    HYPE Gains 17% as Coinbase Becomes USDC Treasury Deployer

    May 15, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.