The Minister of Transport and Communications, Mateus Magala, is in Nairobi, Kenya, where he is taking part in the annual meetings of the African Development Bank (AfDB) taking place from 27 to 31 May, with the theme ‘Africa’s Transformation, the African Development Bank Group and the reform of the Global Financial Architecture’.
According to the portal Club of Mozambique, at the event the Mozambican leader will take part in a panel on ‘Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”, where his intervention is expected to focus on the role of the AfDB and issues related to the mobilisation of accessible, predictable and long-term financial resources to help develop Africa’s sustainable areas.

‘Although the African continent is endowed with significant natural capital with arable land, forests, renewable energy potential and mineral deposits valued at around $6.2 trillion in 2018, these resources continue to be exploited largely inefficiently as countries focus more on the unrestricted extraction of low value-added resources,’ the portal recalled.
According to the publication, ‘current practices for measuring countries’ Gross Domestic Product (GDP) only account for the capital produced and the services traded on the markets, and not the services offered by non-produced natural capital’.

The information portal explains that the AfDB meetings provide an opportunity to share experiences on public debt management, climate finance and the high capital cost of investing in sustainable infrastructure for green growth and a just energy transition.
‘African heads of state and government and regional institutions will participate in a Presidential Dialogue and will proceed to present viable strategies, policies and interventions to accelerate the transformation of their countries for the benefit of their citizens,’ he stressed.
This knowledge event will serve as a ‘platform for government officials and global experts to collaboratively develop frameworks for assessing the value of unproduced natural capital’.