OPEC Fund Quarterly - 2023 Q4

smartphones and solar energy panels. Historically, the continent has been exploited for its riches, but on page 34, we learn how mineral-rich areas can reverse the resource curse. Developing countries feel the effects of climate change all the more acutely compared to richer, more resilient nations who have the resources to weather the storm, in some cases quite literally. Combating frequent droughts and rising seas highlights the need for boosting climate finance everywhere. Find out how grassroots efforts can play their part on page 40. What does it take to shape the story Africa tells about itself? We sit down with Eniola Harrison and Annie Mutamba, strategic communication consultants and co-founders of African Communications Week, who explain on page 47 how nuanced and non-

stereotypical storytelling can help drive the continent’s development. For some visitors, the many hallmarks of places from the shores of the Mediterranean to the tip of the Cape of Good Hope evokes an outpouring of wonder and awe. The OPEC Fund’s Eastern & Southern Africa Analyst Valentina Walden shares her reflections on travelling across the continent in her formative years in a thoughtful essay on page 50. And of course, for an overview of the OPEC Fund’s many activities at COP28, see our special spotlight section beginning on page 56. We wish you a satisfying read as you weave through these and other worthwhile stories in our latest issue.

Developing countries feel the effects of climate change all the more acutely compared to richer, more resilient nations who have the resources to weather the storm.

Nicholas K. Smith, OPEC Fund

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