logo
Economic Commission for Africa (ECA)'s Gatete sets tone at High-Level Political Forum on Sustainable Development (HLPF) 2025 with focus on finance and data gaps

Economic Commission for Africa (ECA)'s Gatete sets tone at High-Level Political Forum on Sustainable Development (HLPF) 2025 with focus on finance and data gaps

Zawya15-07-2025
At the opening of the 2025 High-Level Political Forum on Sustainable Development (HLPF), Claver Gatete, Executive Secretary of the Economic Commission for Africa (ECA), called for urgent action to bridge global financing gaps and support innovation systems that work for all.
'Digital tools and mission-driven science can accelerate SDGs delivery, but only if systems are inclusive and backed by real financing at scale,' he said, moderating a high-level Townhall session on SDGs implementation as part of ECA's coordinating role among the UN Regional Commissions.
The session, titled Unlocking the Means of Implementation: Finance, Science, Technology and Innovation for the SDGs, focused on how to move from global commitments to tangible solutions. It brought together leaders from public and private sectors to examine how capital flows, technology, and policy can better support sustainable development.
With participation from Sanda Ojiambo, Executive Director of the UN Global Compact; Robbert Dijkgraaf, President-Elect of the International Science Council; and Robert Kirkpatrick, Chairman of the Board of the United Cities Foundation, the conversation highlighted the urgency of scaling investment, adopting alternative financing models, and building inclusive systems.
Together, the panel stressed the importance of translating innovation into real-world results, especially across Africa and other regions facing deep development disparities.
Speaking at another session on poverty eradication, Mr Gatete highlighted the need to ground policy and investment in sharper, more integrated data systems.
'We can't end poverty if we can't measure it accurately,' he said at the event hosted by the Permanent Mission of Uruguay to the UN, UNDP, the Multidimensional Poverty Peer Network (MPPN), and other partners. 'It's time to shift from measuring what's convenient to measuring what matters.'
Mr Gatete pointed to ECA's development of a prototype Multidimensional Poverty Index (MPI) dashboard for African countries. The platform links spatial poverty data with climate vulnerability, migration flows, peace and security trends, and subnational budget execution, providing governments with a more complete picture of where to direct resources and improve social protection.
As the forum continues, Mr Gatete and ECA are keeping Africa's priorities on the table, advocating for fairer finance, smarter tools, and a more inclusive path to 2030.
Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DP World mobilises $1bln to boost trade flow
DP World mobilises $1bln to boost trade flow

Zawya

time13 minutes ago

  • Zawya

DP World mobilises $1bln to boost trade flow

DP World Trade Finance has mobilised over US$1 billion in working capital for businesses across emerging markets, helping close the global trade finance gap and keep goods moving through some of the world's most challenging economic environments. This milestone was achieved through a combination of DP World's own lending operations and partnerships with more than 32 financial institutions globally, including J.P. Morgan, Standard Bank, NedBank and more. Their financing solutions, delivered alongside DP World's logistics capabilities, have helped reduce risk and improve access to capital for underserved businesses of all sizes, thus lowering barriers to international trade. By combining trade finance with logistics, DP World offers businesses both funding and real-time visibility into their supply chains. This integrated model helps lenders make faster, more informed decisions - unlocking capital where it's needed most. The portfolio that DP World Trade Finance handles has also proven to create a very healthy loan book with high-quality assets, way better than the industry benchmarks, further reinforcing the effectiveness of this data-driven, integrated approach. To date, DP World Trade Finance has enabled trade across Africa, the Americas, Asia, and Europe, supporting sectors including agriculture, metals, automotive, and engineering. Commenting on this achievement, Group Chairman and CEO of DP World Sultan Ahmed Bin Sulayem said, "The growth of our trade finance business underscores the UAE's role as a catalyst for global trade. By making capital more accessible, particularly in high-potential markets, we are shaping a trade system that is more inclusive and resilient.' Sinan Ozcan, Senior Executive Officer, DP World Trade Finance, stated, 'Cross-border trade is the engine of global economic growth, but access to affordable finance remains a critical barrier for many businesses, especially SMEs in emerging markets. Reaching this US$1 billion milestone reflects our commitment to changing that. Through DP World Trade Finance, we've created a network that connects businesses with capital, streamlines the financing process and enables trade to flow more consistently on a global scale.' The global trade finance gap, estimated at US$2.5 trillion, continues to limit opportunities for businesses in developing economies, particularly those without access to traditional financing due to limited credit histories, lack of collateral, or weaker balance sheets that classify them as high risk.

Forget hustle, SME productivity starts with these 4 basics
Forget hustle, SME productivity starts with these 4 basics

Zawya

time13 minutes ago

  • Zawya

Forget hustle, SME productivity starts with these 4 basics

Productivity could be the difference between growth and survival for many South African SMEs. But while funding and market access remain hot topics, employee performance is often overlooked as a core part of business strategy. For small businesses trying to stay competitive in a tough economy, a structured approach to employee productivity can deliver major returns. Four key areas stand out: incentives, basic benefits, culture and education. Tie performance to clear, fair rewards Incentives don't need to be expensive or complex — even simple rewards like performance bonuses, commissions, or team outings can move the needle. But for these to work, they must be clearly linked to KPIs and seen as transparent. Without clear targets or regular feedback, incentives can backfire, creating resentment instead of motivation. Don't underestimate basic benefits Many SMEs dismiss benefits as unaffordable, but small gestures matter. A funeral policy, basic pension contributions, or medical savings options, even optional ones, can help employees feel valued, reducing turnover and boosting morale. Culture still matters — especially in small teams A shared sense of purpose and clearly defined values can drive what experts call "discretionary effort", the kind of above-and-beyond work that doesn't come from pressure but from genuine engagement. Crucially, culture isn't about buzzwords or posters. It's about how people behave every day, including what's tolerated and what isn't. Educate your team — especially about money A surprising source of workplace friction is financial confusion. Many employees don't understand how bonuses affect their tax or why certain deductions show up on payslips. For SMEs, offering even basic financial education can build trust and help staff feel more in control of their income. A shift in mindset Productivity isn't about pushing employees harder; it's about creating the kind of environment where people want to show up and deliver. For SMEs, this shift in mindset could be the key to building a more sustainable, resilient team. 'Ultimately, productivity isn't about pushing people harder. It's about creating an environment where people want to show up, contribute and grow. 'With the right approach, even the smallest business can attract, build and retain a team that performs like a powerhouse,' says Palesa Mabasa, business development head at FNB.

South Africa and Nigeria need opposite approaches to their informal sectors
South Africa and Nigeria need opposite approaches to their informal sectors

Zawya

time13 minutes ago

  • Zawya

South Africa and Nigeria need opposite approaches to their informal sectors

Governments should harness the potential of informality as a bridge rather than a barrier to building economic resilience. Nigeria and South Africa are Africa's largest economies, and their development significantly affects their regions and the continent as a whole. Updated forecasts by the African Futures and Innovation (AFI) team at the Institute for Security Studies (ISS) reveal the varying impact of the informal sector on both economies and their regions. South Africa's informal sector accounts for 17% of its labour force, significantly lower than Nigeria at 68% and Africa's average of 58%. Analysis shows how context-specific approaches to informality could contribute to inclusive economic growth and reduce unemployment. Compared to west Africa, southern Africa's development has been lacklustre when unemployment is used as a yardstick. According to International Labour Organization (ILO) data, southern Africa had the highest unemployment rate globally at 33.2% in 2024. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store