MNN Hub
Africa suffers an average of $12.7 billion in annual infrastructure losses from natural disasters, according to a new report by the Coalition for Disaster Resilient Infrastructure (CDRI).
The study, released Monday, shows that floods account for about 70% of the damage, while earthquakes — less frequent but often more devastating — make up about 28%.
“Climate change is expected to increase the impact of disasters on infrastructure by as much as 27%, resulting in average annual loss of $2.4 billion,” the report said. “Africa is one of the most vulnerable regions to climate-related disasters.”
Read Also: How bad roads frustrate farmers, stifle intra-Africa trade
At a regional level, eastern Africa is worst hit, with $5.5 billion in yearly damage. Northern and southern Africa follow at about $2.3 billion each, while western Africa loses roughly $1.58 billion.
At the country level, South Africa records the highest losses at $1.7 billion annually, followed by Nigeria ($1.1 billion) and Algeria ($1 billion).
Although smaller nations record lower absolute losses, the relative economic impact is heavier. Annual infrastructure damage represents 1.5% of GDP in Lesotho, 1.25% in Mauritius, and 1% in Comoros.
The CDRI — a partnership of UN agencies, development banks, private companies, and academic institutions — said the findings underscore the urgent need for investment in resilient infrastructure across the continent.
Source: Businessday.ng | Read the Full Story…
