Simumba: Opportunities abound to grow Africa using green technology

The Head of Trade Unit for West and Central Africa at the Africa Capacity Building Foundation, Trevor Simumba, recently spoke to CNBC Africa about the vast opportunities for economic growth in Africa through the utilization of green technologies. Simumba emphasized the importance of smart technology, climate technology, and AI tools in enabling African countries to leapfrog traditional stages of development and focus on sustainable growth. Through the integration of trade, private sector development, and climate-friendly technologies, Africa can pave the way for green growth and sustainable development. Simumba highlighted the critical role of think tanks in shaping the future of Africa's economy and underlined the significance of evidence-based research in policy-making. He emphasized the need for practical and policy-oriented research that can empower governments to implement effective policies supported by data-driven evidence. Simumba mentioned the challenges faced by think tanks in Africa, such as knowledge repository maintenance, communication, and the need for skills in areas like AI and climate change. He stressed the importance of collaboration between African and international think tanks to leverage expertise and foster innovation. The discussion also delved into the role of think tanks in driving successful regional trade agreements, particularly in the context of the African Continental Free Trade Area (AFCFTA). Simumba highlighted the SCBF's efforts to support governments in harnessing the benefits of trade agreements and promoting regional trade integration. Through projects like Capacity Development for Africa's Structural Transformation (CADAST), the SCBF is working to raise awareness among SMEs and business organizations about the AFCFTA and facilitate intra-Africa trade. Simumba underscored the need for partnerships with key stakeholders like the African Development Bank, AfriExim Bank, and the African Union to advance trade initiatives across the continent. The conversation at the summit also touched upon the theme of green growth and its potential to drive economic development in Africa. Simumba emphasized the positive impact of green technologies on Africa's economies and highlighted the link between trade and climate finance. By increasing trade activities, African countries can generate more revenue to invest in climate change projects and environmental sustainability. The summit served as a platform for discussing key strategies to promote green growth, enhance trade partnerships, and foster sustainable development in Africa. As the continent continues to embrace innovation and collaboration, the vision of a prosperous and environmentally conscious Africa becomes increasingly within reach.