WHY CIRCULAR ECONOMY IS KEY FOR AFRICA?
The Circular Economy (CE)—an economic model where products and materials are recycled, repaired, and reused rather than discarded—is rapidly gaining traction as a new paradigm for sustainable growth. Current trends in global resource extraction and the rapid pace of consumption growth are incompatible with internationally agreed sustainability targets.
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In the right enabling environment, the CE presents a promising opportunity for sustainable economic development, value creation, and skills enhancement.
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The emerging opportunities
Africa is the only region in the world where the youth population (up to 24 years old) is increasing and is expected to rise to 51% of the total population by 2050.
As a result, a young and fast-growing middle class will inevitably want a higher standard of living, leading to greater consumption. The CE offers a promising alternative strategy for industrial development and job creation to the traditional manufacturing-led growth pathway.
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Africa has, in addition, other assets that could be leveraged to enable the continent to tap into the circular economy opportunities:
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AFRICA’s CIRCULAR ECONOMY : THE CANVAs of POSSIBILITIES
As the world seeks sustainable pathways, Africa's vibrant journey towards circular economy promises not only a greener future but a blueprint for global prosperity rooted in circular principles.
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Explore the vibrant landscapes of Africa's circular economy. From innovative reuse and refill systems to sustainable practices rooted in ancient traditions, Africa is paving the way for a greener future.