AFRIKA YAMA AFRIKA (PTY) LTD
Our sense of elevation at this moment also derives from the fact that this magnificent product is the unique creation of AFRIKAN hands and AFRIKAN minds

SUSTAINABILITY  

AFRIKA’ purpose is to support impact infrastructure and sustainable development projects throughout Africa. Our MANDATE complements and dovetails the implementation of the AFRICAN UNION’ 2063 Agenda and Growth Plan development and an advanced Africa. To fulfill our MANDATE, we support Public and Private impact projects through partnerships, expertise knowledge, loans, guarantees, equity participation and other financial instruments;

The FUND also cooperate with continental organizations and other financial entities, and provide expertise assistance for investments to be supported by the FUND. In addition to financing impact infrastructure developments, we engage in informational, cultural and personnel exchanges with the purpose of contributing to the achievement of environmental and social sustainability;

AFRIKA believes that environmental and social sustainability are crucial to addressing the infrastructure gaps and sustainable development needs consistent with national laws and regulations and its mandate;

According to the AFRIKA’ Environmental and Social Framework, the FUND is guided by the following:

3.1     SUSTAINABLE DEVELOPMENT

Ensuring inclusive sharing of development benefits and opportunities, including among traditionally deprived sections such as the poor, the disadvantaged, women, children and minorities, is a principle focus area of AFRIKA;

The FUND recognizes the importance of maintaining policy and operating standards that promote sustainable development, are aligned with international good practices and effectively respond to environmental and social risks;

"But it seems to have happened that we looked at ourselves and said the time had come that we make a super-human effort to be other than human, to respond to the call to create for ourselves a glorious future, to remind ourselves of the Latin saying: Gloria est consequenda - Glory must be sought after!"

3.2     SYSTEMS

AFRIKA promotes the use of robust country and corporate systems in the management of environmental, social risks and impacts. The FUND also assists in further strengthening the country systems through a variety of mechanisms in both the Public and Private Sector;

 3.3     ENVIRONMENTAL AND SOCIAL INTERESTS

AFRIKA integrates the principles of environmental and social sustainability in its policies and operations to ensure that it’s financing and investments in impact infrastructure and sustainable development projects have minimal adverse impact on the environment and its people;

 3.4     CLIMATE CHANGE

AFRIKA seeks to promote mitigation and adaptation measures to address climate change. The FUND aims to build upon existing green economic growth initiatives and provide support for new ones at continental and private sector levels. The FUND also encourages climate proofing of its infrastructure financing and investments to build resilience to climate change;

 3.5     CONSERVATION OF NATURAL RECOURCES

AFRIKA promotes the conservation of natural resources, especially Energy, Solar and Water and it supports Sustainable Land Use Management and Urban Development;

 3.6     GENDER EQUALITY

AFRIKA believes that gender equality is important to successful and sustainable economic development and accordingly the FUND considers it imperative to mainstream gender equality issues in all of its operations;

 3.7     PRECAUTIONARY APROACH

AFRIKA uses a precautionary approach to justify discretionary decisions in situations where there is the possibility of environmental and social harm resulting from project decisions;

 3.8     CO-ORPERATIVE FUNCTIONING AND KNOWLEDGE DISSEMINATION

AFRIKA seeks to complement the existing efforts of multilateral financial institutions, regional financial institutions and other agencies. In addition, the FUND intends to disseminate knowledge gained with its development partners;

There the victims parade with no mask to hide the brutish reality - the beggars, the prostitutes, the street children, those who seek solace in substance abuse, those who have to steal to assuage hunger, those who have to lose their sanity because to be sane is to invite pain.

In line with our MANDATE, the FUND is actively engaging in Partnerships with Multilateral, Continental and National Development Banks as well as Commercial Banks and Private Equity Funds to complement their efforts in supporting continental growth and development. These Partnerships will allow the FUND to work shoulder to shoulder with fellow institutions, strengthening the FUND’ capacity to assess and implement impact projects as well as increasing capillarity of its operations;

The FUND will cooperate with Multilateral Development Banks and Funds to develop collaboration in the areas of mutual interest, including exploring and pursuing opportunities for co-financing projects, facilitating knowledge exchange and research, provision of technical assistance, exchange of human resources and others;

AFRIKA attaches great importance to building partnerships with National Development Banks and Funds with a vision to co-operate with them in accordance with the respective mandates and missions. The FUND will learn from the experience and expertise of national development institutions and work with them to address infrastructure gaps and sustainable development needs of Africa;

The FUND will also continue to establish partnerships with Commercial Banks in areas such as funding, co-financing, bond underwriting and investment;

3.1     ACADEMIA AND CIVIL SOCIETY ORGANISATIONS

The Articles of Agreement of AFRIKA lay down the principles of transparency and accountability of the operations of the FUND;

Across all its operations, the FUND is guided by the principles of promoting transparency, enhancing accountability and protecting confidentiality, which is expressly stipulated in its policy;

The FUND is committed to enhancing its accountability and it recognizes the importance of regular communications with stakeholders and information disclosure. The FUND is looking to expand and deepen its interaction with all stakeholders of the FUND, including with representatives of civil society and scholars;

“It gives concrete expression to the sentiment we share as Africans, and will defend to the death, that the people shall govern.”



 

 
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