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45 documents from African Forum and Network on Debt and Development
Exploring the Nexus Between Oil and Gas Investments and Development in Mozambique
The document examines how Mozambique's vast natural gas reserves, particularly in the Rovuma Basin, have failed to translate into sustainable development, instead contributing to regional inequality, corruption, and civil unrest in Cabo Delgado. It analyzes the 'enclave' nature of extractive projects and the country's severe debt crisis, including the 'Tuna Bonds' scandal. The brief also addresses the gendered impacts of the energy sector and the challenges of transitioning to a just energy future while managing critical minerals like graphite.
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Document type: Policy brief
Exploring the Nexus Between Oil and Gas Investments and Development in Tanzania
The report examines how Tanzania's extractive industries, particularly natural gas and gold, have created economic enclaves and contributed to a 'sub-national resource curse' in regions like Mtwara and Lindi. It analyzes the country's rising debt-to-GDP ratio, which grew from 28% to 40% in four years, and the role of resource-backed loans from China for infrastructure like the Standard Gauge Railway. While Tanzania possesses significant renewable energy potential in solar, wind, and hydropower, the report notes a continued reliance on fossil fuels and a lack of gender-sensitive policies in the energy sector. It concludes with recommendations to diversify the economy, strengthen governance, and develop a domestic downstream sector for critical minerals.
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Document type: Report
POLITICAL ECONOMY OF CLIMATE FINANCE IN AFRICA
The document analyzes the political economy of climate finance in Africa, arguing that the system is dominated by the Global North and market-driven logics that privilege mitigation over adaptation. It highlights how the 'financialization' of climate action shifts risk to vulnerable individuals and exacerbates debt crises in African nations. Through case studies of Ghana, Kenya, and Zimbabwe, the paper illustrates the challenges of tracking funds and the limited influence of civil society. It recommends the creation of localized African financing institutions and the use of debt-for-climate swaps to improve sustainability and equity.
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Document type: Research paper
Reforming the Global Financial Architecture as a Pre-Requisite for Debt Sustainabili in Africa
The document examines how the Global Financial Architecture (GFA) disadvantages African nations through high borrowing costs, biased credit ratings, and a reliance on foreign currency debt. It critiques incremental reforms as insufficient and proposes radical shifts, including the creation of a resource-backed regional currency (African Financial Asset), the use of blockchain-based Decentralised Finance (DeFi), and the implementation of Land Value Taxation to fund development independently of predatory international markets.
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Document type: Research paper
Towards a Decolonial African Feminist Theory of Debt and the Climate Crisis
The paper argues that the current international financial architecture and neoliberal debt sustainability frameworks ignore gender and ecological dimensions, disproportionately burdening women and nature in Sub-Saharan Africa. It proposes a decolonial African feminist approach based on six principles—epistemic liberation, historicity, specificity, intersectionality, dignity, and justice—to shift the focus from capital-centric growth to social and ecological reproduction.
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Document type: Research paper