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FSD Africa's 2022 Impact Report details the agency's efforts to deepen African capital markets and transition toward a green economy. Key achievements include mobilising £1.9 billion in long-term capital, supporting the issuance of pioneering gender bonds in Tanzania and Morocco, and expanding green finance initiatives. The report highlights the agency's 'green strategy' target to have 70% of its portfolio be green by 2025, alongside specific interventions in geothermal risk transfer, carbon markets, and COVID-19 emergency job protection in Ethiopia.

FSD Africa's 2022 Impact Report highlights the organization's shift toward green financing, with a goal of 70% of its portfolio being green. Key achievements include facilitating green bonds in 20 African countries, investing $0.25bn via the African Local Currency Bond Fund to support renewable energy, and launching the African Natural Capital Alliance to manage nature-related financial risks. The organization has increased its green financing commitment from £23 million in 2020 to approximately £52 million in 2022, with a target of over £122 million by 2025.

The Capital Markets Master Plan 2022 outlines a ten-year roadmap to transform Zambia's capital markets into an attractive international destination for long-term investment. The plan is structured around five thematic development areas: enhancing the government bond market, improving traditional security markets (equities and corporate bonds), developing innovative products (such as green bonds, ETFs, and REITs), building capacity across regulators and practitioners, and strengthening the regulatory environment. Key goals include increasing the Lusaka Securities Exchange (LuSE) market capitalization to 33% of GDP by 2031, launching the country's first green bond, and establishing a primary dealership system for government bonds. The strategy emphasizes the need for a transparent, efficient, and trusted market to mobilize private finance for infrastructure, agriculture, and energy projects.

The document defines 'critical minerals' as raw materials essential for renewable energy and clean technology, noting that criticality is context-specific and varies by country. It identifies two primary perspectives on criticality: security and control of supply (emphasized by the US, EU, and Japan) and value capture (emphasized by China, Australia, and Canada). The guide highlights the role of rare earth elements (REEs) in permanent magnets and lists key demand drivers such as e-mobility and decarbonization. It also discusses supply sources, including the significant role of artisanal and small-scale mining (ASM) for cobalt and tantalum, and emerging sources like deep-seabed mining. Finally, it outlines the macroeconomic and geopolitical risks associated with mineral dependency, such as 'Dutch disease' and supply chain concentration.

The document provides a comprehensive overview of critical minerals, which are essential for renewable energy and low-carbon technologies. It distinguishes between two primary perspectives on criticality: supply security (emphasized by the US, EU, and Japan) and value capture (emphasized by China, Australia, and Canada). The text details the importance of rare earth elements, the drivers of demand—such as electric mobility and decarbonization—and the role of artisanal and small-scale mining (ASM). It also highlights the significant increase in mineral requirements for electric vehicles and the global demand projections for 2050, while warning governments about supply risks, macroeconomic volatility, and the 'Dutch disease'.

The document provides a comprehensive overview of critical minerals, which are essential for clean energy technologies and a low-carbon future. It explains that 'criticality' is context-dependent, defined either by supply security (import dependence) or strategic valuation (leveraging abundance). The text highlights the specific role of rare earth elements (REEs), the massive increase in mineral demand for electric vehicles and decarbonization, and the growing importance of artisanal and small-scale mining (ASM) alongside emerging sources like deep-sea mining and phytomining. It concludes by weighing the economic opportunities of value chain development against risks such as production concentration, price volatility, and the 'Dutch disease'.

The document argues that climate change acts as a 'threat multiplier' in Africa, where risks are amplified by existing governance deficits and poor development. It emphasizes that while climate-driven scarcity can fuel conflict, causality is complex and depends on political and historical contexts. The authors advocate for integrating climate action into the broader development agenda, transitioning from a narrative of vulnerability to one of economic opportunity through renewable energy and climate-resilient infrastructure. Key recommendations include strengthening the evidence base for climate security, increasing climate finance flows, and expanding climate diplomacy beyond the UNFCCC to platforms like the G20 and the African Continental Free Trade Area Agreement.

The study finds that higher levels of women's political empowerment are positively associated with the success of nonviolent resistance campaigns and negatively associated with the success of violent campaigns. Using the NAVCO 2.1 dataset and the Women's Political Empowerment Index (WPEI), the author argues that gender equality shapes both the societal norms regarding the legitimacy of violence and the opportunity structures for recruitment. While the results for nonviolent campaigns are robust across various specifications, the findings for violent campaigns are more sensitive to how time dependency is handled. The author concludes that gender-related dynamics are critical structural elements in understanding the outcomes of collective action.

The report outlines key messages from a community of practice workshop in Addis Ababa, Ethiopia, focused on scaling and improving the effectiveness of adaptation finance in Africa. It provides specific recommendations for the public sector, private sector, and strategic partnerships to support the African climate agenda ahead of COP27.

This report chapter analyzes the growth of the lower-middle-income population in high-impact countries in 2022, highlighting the risks associated with their potential purchase of inefficient cooling devices and the impact of the COVID-19 pandemic on income levels.

This report section analyzes the increasing vulnerability of the urban poor to extreme heat across 54 high-impact countries in 2022, highlighting a rise in the population at high risk due to lack of access to cooling.

The report evaluates sustainable cooling policy progress in the 'Critical 9' countries, finding that while energy efficiency policies exist, they are inconsistently implemented and often fail to cover off-grid devices or reflect best-in-class technology. It highlights a significant gap in integrating cooling demand into national electrification planning and financial incentives, while noting varying levels of adoption of National Cooling Action Plans (NCAPs) and the Kigali Amendment.

The document highlights that 13% of all food production is lost due to a lack of cold chains, amounting to 526 million tonnes annually. This deficiency disproportionately affects low-income countries, with Asia holding the highest share of food loss at 48%. The report argues that expanding sustainable cooling can reduce food losses by 55% and cold chain emissions by 55%, while improving incomes for smallholder farmers. It identifies 54 high-impact countries, noting that while China and India have the highest volumes of loss, several African nations exhibit the highest energy inefficiency in food production. Proposed solutions include National Cooling Action Plans, Cooling as a Service (CaaS) models, and Community Cooling Hubs.

This report section analyzes the growth of the rural poor population lacking access to cooling across 54 high-impact countries in 2022, highlighting the role of the COVID-19 pandemic in increasing extreme poverty despite improvements in electricity access.

The report highlights the escalating risks of extreme heat on human health and productivity, noting that 356,000 people died from extreme heat in 2019. It argues that while cooling demand is expected to soar—with space-cooling units potentially reaching 2.5 billion by 2030—this must be managed through sustainable solutions to avoid tripling global electricity demand by 2050. The text advocates for a mix of passive cooling, nature-based solutions, and energy-efficient active cooling, supported by policies like Minimum Energy Performance Standards (MEPS) and the appointment of Chief Heat Officers in cities such as Athens and Miami Dade County.

Chilling Prospects 2022 identifies that 3.66 billion people face high or medium risk from cooling access challenges, with 1.2 billion rural and urban poor at high risk. The report highlights critical gaps in food cold chains, health services, and human safety, while forecasting that achieving SDG 7.1 and SDG 1.1 could reduce the high-risk population by 36% by 2030. It advocates for a transition to sustainable, energy-efficient cooling and the implementation of National Cooling Action Plans (NCAPs) to mitigate climate impacts and protect vulnerable populations.

The 2022 SEforALL Forum, held in Kigali, Rwanda, mobilized USD 347 million in new financial commitments to support clean energy transitions and energy access in developing countries. Key outcomes included the Kigali Communique, which outlines seven transformative actions for a just energy transition in Africa, and the launch of several new partnerships and initiatives targeting renewable energy, energy efficiency, and clean cooking. The event emphasized the integration of youth in energy leadership and provided a platform for ministerial roundtables and B2B investment matchmaking.

The report examines the role of informal waste reclaimers in African cities, highlighting their significant contribution to recycling and waste diversion despite facing severe health risks, social marginalization, and low pay. It argues that the current linear 'take-make-waste' model is unsustainable and that an 'inclusive circular economy' must integrate these vulnerable workers into formal policy and value chains. The document provides a comparative analysis of the informal waste sector in Ghana, Kenya, Nigeria, South Africa, and Uganda, detailing specific policy gaps and opportunities for reclaimer integration and formalization.

The AfCFTA has the potential to generate USD 3.4 trillion in GDP and lift over 100 million people out of poverty by 2040, with primary gains expected in manufacturing and services. However, significant disparities in factor markets—including labour skills, technology adoption, and financial capacity—exist across the continent, with Eastern and Southern Africa generally possessing higher capacities than Central and Western Africa. The document highlights risks associated with heavy reliance on non-African financing, such as the EU-funded Africa Trade Observatory, and urges member states to leverage domestic capital markets and sovereign wealth funds. It further emphasizes that political stability and the empowerment of regional bodies are essential to protect private sector investment in cross-border infrastructure, which the World Bank estimates requires USD 47.6 billion annually.

The policy brief examines the severe fiscal constraints facing African countries during COVID-19 recovery, noting that while advanced economies mobilised about 6% of GDP, African countries mobilised barely 1%. It highlights the inadequacy of current debt relief mechanisms like the DSSI and the Common Framework, and the high cost of borrowing from international capital markets due to unfair credit ratings. The author proposes five policy priorities: establishing national donor coordination frameworks, reallocating public investment to de-risk private projects, extending the DSSI for two years with partial debt cancellation, creating a transparent multilateral framework for debt resolution involving commercial creditors, and exploring the establishment of independent, publicly owned credit rating agencies.