Kenya aims to carry out a pioneering $1 billion debt-for-food security swap by March next year, a finance ministry document showed on Tuesday, as the country looks to novel solutions to ease its hefty debt burden. The plan is expected to work in a similar way as so-called debt-for-nature swaps carried out by several countries in recent years that offered lower interest rates in exchange for nature protection. A debt-for-food swap would likely allow a country to replace costly existing debt with lower-cost financing on condition it channelled the savings towards programmes to boost food security, finance experts say. … President William Ruto’s government spends roughly one-third of its revenue on interest payments – one of the highest ratios in the world – and is eager to bring debt spending down. Reuters
Sudan’s People Tortured and Killed in ‘Slaughterhouses’, Rights Probe Says
Shortly after presenting a mandated report to the Human Rights Council in Geneva on Tuesday, chair of the Fact-Finding Mission on Sudan, Mohamed Chande Othman, insisted that both the Sudanese Armed Forces (SAF) and Rapid Support Forces (RSF) militia had carried out atrocity crimes. Among the testimonies gathered for the report, survivors from RSF detention sites described the locations as “slaughterhouses”. In one notorious RSF facility, dozens of detainees have died since June after being tortured, denied food and medical care, the independent rights expert said. … Highlighting the lack of diplomatic solutions to the conflict which began in April 2023, and its massive impact of the war on civilians, report co-author Mona Rishmawi insisted that “everybody knows you cannot rape, you cannot loot, you cannot destroy property. You cannot starve people…But if there is no accountability, of course they will continue doing it.” UN News
Historical Cost
A historical cost is a measure of value that’s used in accounting. The value of an asset on the balance sheet is recorded at its original cost when it’s acquired by the company. The historical cost method is used for fixed assets in the United States under generally accepted accounting principles (GAAP).
Addis Ababa Declaration: A New Climate Justice Path for Africa
The Addis Ababa Declaration, forged at the vibrant and deeply consequential Second African Climate Summit (ACS2), marks a pivotal moment in Africa’s journey toward climate resilience and sustainable development. This declaration and its accompanying 157 action points are not just political statements—they represent a paradigm shift in Africa’s approach to climate change, economic justice, and global partnership. Importantly, it also offers a new pathway for the continent to align its climate ambitions with social priorities, including the urgent need to alleviate child poverty.
Africa’s climate and development challenges are intertwined. As evidenced by the recent study revealing that nearly 80% of Ethiopia’s children live in multi-sectoral poverty, progress on climate goals will depend heavily on addressing deep social vulnerabilities. The Addis Ababa Declaration’s holistic vision centers on integrated climate action that emphasizes justice, local ownership, and systemic reform—factors essential to reducing poverty and building resilience for future generations.
One of the most transformative elements of the Addis Ababa Declaration is its firm rejection of the traditional “aid-first” narrative. Africa’s climate finance needs are framed not as charity but as a matter of justice and compensation—reflecting the continent’s minimal contributions to global emissions versus its disproportionate climate vulnerability. This shift acknowledges that financing for Africa’s climate adaptation and mitigation efforts is a global obligation under international agreements like the Paris Accord.
This approach is critical for juvenile populations, who suffer the compound effects of poverty and climate risks. With Ethiopia’s children facing profound deprivation in sanitation, water, housing, nutrition, and health, climate interventions cannot succeed without directing finance toward strengthening social infrastructure as part of climate resilience. The Addis Ababa Declaration’s call for grants rather than debt-financed loans recognizes the continent’s struggling economies and aims to prevent further entrenchment of poverty through unsustainable borrowing.
The Declaration explicitly confronts systemic barriers such as crippling debt burdens and credit rating biases that handicap African countries from accessing affordable capital. These obstacles limit investment in crucial sectors like renewable energy, climate-smart agriculture, and infrastructure—sectors that directly affect the living standards of children and communities.
By demanding reforms in international financial institutions and national debt frameworks, the Declaration takes concrete steps toward creating a financial ecosystem where African-led climate projects can flourish. It also highlights the need for improved project preparation and technical support to enable African initiatives to attract and utilize transformative capital. These reforms boost the likelihood that climate finance will effectively reach vulnerable populations, including millions of children trapped in multi-sectoral poverty.
The summit’s discussions linked Africa’s economic structure to climate challenges, especially regarding trade barriers and evolving carbon regulations like the EU’s Carbon Border Adjustment Mechanism (CBAM). For Africa to safeguard its exports and participate fully in green trade, the Declaration emphasizes modernizing economies and shaping Africa-led green standards that reflect the continent’s realities.
This economic strategy is closely tied to climate action and social development. An Africa that strengthens its local and regional financial institutions and invests in renewable energy (already boasting 62% of the world’s renewable capacity) will generate jobs, enhance food security, and improve living conditions. Children, who constitute a large proportion of the population, stand to benefit directly from these developments via better nutrition, health care, education, and job prospects in emerging green sectors.
The African Green Climate Fund (GCF) and other institutions have aligned their approach with the Declaration’s principles, adopting country-driven and country-owned methodologies. This marks a significant departure from top-down donor-driven projects that often fail to meet local needs.
Such empowerment is critical for achieving climate adaptation goals that matter for children and communities. Expanding African-led innovation not only fosters solutions tailored to local contexts but also strengthens ownership and accountability—key factors for sustained impact. This includes prioritizing agriculture, the continent’s largest employer and an often-overlooked sector in climate finance.
Ultimately, the Addis Ababa Declaration is more than a call to action; it is a blueprint to transform Africa’s climate future by healing entrenched inequalities and creating sustainable livelihoods. The nexus of climate justice and child welfare is central to this vision. Addressing the multi-dimensional poverty affecting children unlocks opportunities to break the cycle of vulnerability exacerbated by climate change.
The Declaration’s bold request for $3 trillion in climate funding by 2030—far exceeding current allocations—is a quantitative challenge to the world. It demands that developed nations meet their legal and moral obligations, recognizing Africa’s rightful place as a critical partner in solving the climate crisis.
For Africa, assuming a unified voice and a shared strategic direction through this Declaration strengthens its bargaining leverage on the global stage. It signals a shift from dependency to agency, foregrounding partnership rooted in equality, transparency, and mutual benefit. Policies that marry climate ambitions with poverty reduction will yield dividends spanning human development, economic growth, and sustainable ecosystems.
The Addis Ababa Declaration represents a paradigm shift driven by intense summit debates and broad consensus. It lays the foundation for a new African climate agenda—one that integrates ecological sustainability with social justice and economic transformation. By addressing systemic financial inequities, challenging biased trade frameworks, empowering African institutions, and prioritizing vulnerable populations like children, Africa can chart a resilient, prosperous path that meets both its climate goals and development needs.


