ACEN on why a circular economy is a good fit for Africa

Africa has long been grappling with the harsh effects of climate change, prompting experts to propose a shift towards a more sustainable circular economy. Susanne Karcher, Co-Founder of the Africa Circular Economic Network, sheds light on the prospects of this transition in an exclusive interview with CNBC Africa. Karcher points out that Africa's unique cultural values and innate practices align well with the principles of a circular economy. She emphasizes that the essence of a circular economy lies in fostering a sharing economy, promoting social inclusiveness, and creating value by benefiting humans and the environment. Unlike the linear economy model characterized by resource exploitation and environmental degradation, the circular economy advocates for a restorative approach that decouples human consumption from economic growth. Karcher highlights successful case studies across Africa where businesses have thrived by adopting circular economy principles, such as transforming waste into valuable products like fish skin leather in Kenya. These examples underline the tangible benefits and feasibility of transitioning to a circular economy. While the initial investments in this transition may appear daunting, the long-term returns, including enhanced employment opportunities for young Africans, make a compelling case for embracing this sustainable model. Karcher dispels skeptics' doubts by citing real-life success stories that demonstrate the economic and environmental advantages of circular practices. She stresses that implementing the circular economy requires concerted efforts at various levels, including legislative support, government initiatives, and individual actions. Karcher advocates for the creation of regional processing facilities to retain valuable resources within Africa and mitigate the environmental impact of resource extraction. By leveraging technology and fostering a service-oriented economy, Africa can position itself as a global leader in sustainable practices. The transition to a circular economy presents a unique opportunity for Africa to showcase its innovative solutions and contribute to global sustainability efforts. Karcher envisions a future where African entrepreneurs and small-medium enterprises drive green innovations that not only benefit the continent but also inspire global change. As the world grapples with the challenges posed by the COVID-19 pandemic, Karcher remains optimistic about Africa's resilience and capacity to rebuild a more sustainable economy. Through partnerships and initiatives like the Earthshot Prize, the African Circular Economy Network continues to champion innovative solutions that address urgent environmental concerns. By recognizing and supporting African innovators who are pioneering circular economy practices, the continent can play a pivotal role in shaping a greener future. As Karcher concludes, the circular economy offers a transformative framework that not only minimizes waste but also fosters economic growth, environmental stewardship, and social progress.