African animations, Rooibos riches, continental super apps ...Middle East

Quartz - Economy

Hi Quartz Africa readers!Gabon made history this week as the first African country paid to preserve its rainforest. The Norwegian government distributed a $17 million payment out of $150 million allocated under the UN-initiated Central African Forest Initiative (CAFI).With 90% forest cover, Gabon’s rainforest plays a vital role in the region, and beyond it. Africa’s tropical rainforests—12% of which are in Gabon—each year absorb carbon equivalent to more than three times the UK’s annual emissions. And while the CAFI payment amounts to just 0.1% of Gabon’s GDP, it opens up an interesting debate about the scalability of such initiatives. Gabon is already pitching other innovative funding model

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African animations, Rooibos riches, continental super apps ...Middle East

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