According to a statement issued in Addis Ababa on Saturday by the World Resources Institute, 10 countries have come together to announce the launch of the African Forest Landscape Restoration Initiative, AFR 100.
The initiative was set up as a campaign to restore 100 million hectares of degraded and deforested land across the African continent by 2030.
The ten countries are Democratic Republic of Congo, Ethiopia, Kenya, Liberia, Madagascar, Malawi, Niger, Rwanda, Togo and Uganda. AFR100 partners are set to earmark more than $1 billion in development finance and more than $540 million in private sector impact investment to support restoration activities.
The announcement was made during the Global Landscapes Forum at the Conference of Parties (COP21) in Paris, where forest landscape restoration is a key ingredient of the global movement to adapt to and mitigate climate change.
Analysts have said that the move is quite pivotal to the development of the African continent after having lost most of its land mass to deforestation and land degradation. Although a Lagos based environmental scientist, Mr. Ogunseye Israel have questioned the absence of Nigeria in the deal while lauding the bold step by the African countries.
The AFR100 is bringing together political leadership with an ambitious package of financial and technical resources to support a large-scale forest landscape restoration effort across Africa for the first time in the history of the continent.
Also, Nine financial partners and ten technical assistance providers have pledged support, led by the New Partnership for Africa’s Development (NEPAD Agency), Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), and World Resources Institute (WRI).
AFR100 is expected to build on the climate commitments made by African countries.