Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Polaris Bank Dismisses Fatality Rumours after Lagos Branch Fire

    June 18, 2026

    No Nigerian Willing to Leave S/Africa ‘ll be Abandoned — FG

    June 18, 2026

    Stakeholders Urge Deeper Reforms, PPPs to Transform Energy Sector

    June 18, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Polaris Bank Dismisses Fatality Rumours after Lagos Branch Fire
    • No Nigerian Willing to Leave S/Africa ‘ll be Abandoned — FG
    • Stakeholders Urge Deeper Reforms, PPPs to Transform Energy Sector
    • Oil Prices Correction Extends as US-Iran Sign Interim Deal
    • South African Rand Dips on Weak Macro Indicators, US Fed Tone
    • Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
    • NNPC, TotalEnergies Renew Decarbonisation Agreement
    • Jito Price Slumps 10% Ahead of JTX Platform Launch
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, June 18
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Inside Africa » Climate Change Threatens 83% of Africa’s Jobs — ECA

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

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

    Keep Reading

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    South Africa’s Inflation Rises to 4.5% in May

    SSA Sovereigns Face Iran Shock from Stronger Starting Point -Fitch

    Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    Add A Comment

    Comments are closed.

    Editors Picks

    Polaris Bank Dismisses Fatality Rumours after Lagos Branch Fire

    June 18, 2026

    No Nigerian Willing to Leave S/Africa ‘ll be Abandoned — FG

    June 18, 2026

    Stakeholders Urge Deeper Reforms, PPPs to Transform Energy Sector

    June 18, 2026

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026
    Latest Posts

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    South Africa’s Inflation Rises to 4.5% in May

    June 17, 2026

    SSA Sovereigns Face Iran Shock from Stronger Starting Point -Fitch

    June 16, 2026

    Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally

    June 15, 2026

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    June 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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