• Business
  • Energy
  • Markets
  • Intelligence
    • Policy Intelligence
    • Fashion Intelligence
    • Economic Intelligence
    • Security Intelligence
  • Technology
  • Infrastructure
  • Politics
  • LBNN Blueprints
  • Business
  • Energy
  • Markets
  • Intelligence
    • Policy Intelligence
    • Fashion Intelligence
    • Economic Intelligence
    • Security Intelligence
  • Technology
  • Infrastructure
  • Politics
  • LBNN Blueprints
LIVE MARKETS
Initializing...
Home Business

World Bank approves $240m for coastal protection and blue-economy jobs in West Africa

Simon Osuji by Simon Osuji
March 23, 2026
in Business
0
World Bank approves $240m for coastal protection and blue-economy jobs in West Africa
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The funding marks the first phase of the West Africa Coastal Areas Blue Economy and Resilience Programme (WACA+), a regional initiative designed to help countries adapt to rising sea levels, restore damaged ecosystems, and create jobs in sectors such as fisheries, tourism, and coastal logistics.

Coastal zones are among West Africa’s most economically active regions, generating a large share of regional output and supporting millions of livelihoods.

But decades of coastal erosion, flooding, and environmental degradation,worsened by climate change, have threatened homes, infrastructure, and fishing grounds across the region.

Studies have previously estimated that coastal degradation costs West African economies billions of dollars each year.

Protecting major cities and economic assets

Under the new programme, Benin will receive support to stabilise the Bouche du Roy estuary and the mouth of the Mono River, areas critical to tourism, transport routes, and agriculture.

In Mauritania, funding will go toward reinforcing the dune system that shields the capital, Nouakchott, from storm surges and flooding.

The project will also restore up to 3,000 hectares of mangroves and coastal wetlands, ecosystems that serve as natural flood barriers while supporting fish breeding and coastal biodiversity.

World Bank Regional Director Chakib Jenane said the initiative is aimed at helping communities already facing the effects of climate change.

“West Africa’s coastal communities are on the frontlines of climate change,” he said, noting that the programme would reduce exposure to erosion and floods for more than 500,000 people.

World Bank approves $240m for coastal protection and blue-economy jobs in West Africa

Jobs and private investment at the centre

Beyond infrastructure and environmental restoration, WACA+ is structured to stimulate private investment and job creation.

The programme will provide technical assistance, training, and financing tools for micro, small, and medium-sized businesses in coastal economies, including fish processing, aquaculture, ecotourism, and maritime services.

By 2031, more than 31,000 people are expected to benefit from training and business-development programmes, while the first phase alone is projected to create about 13,000 jobs across Benin and Mauritania.

In Mauritania, the project includes a partial credit guarantee mechanism designed to unlock up to $20 million in new lending for fish-processing companies, an effort to address one of the main barriers facing coastal entrepreneurs: access to finance.

Building on earlier regional efforts

The new programme expands on the earlier West Africa Coastal Areas Management Programme, launched in 2018 to coordinate regional responses to shoreline erosion and flooding across several countries.

That initiative funded seawalls, beach nourishment, and mangrove restoration projects, helping stabilise vulnerable coastlines and protect coastal communities.

WACA+ aims to scale those efforts while placing stronger emphasis on economic development through the so-called “blue economy”.

World Bank officials say future phases of WACA+ will extend to additional countries and eventually support more than 50,000 jobs while improving climate resilience for hundreds of thousands of coastal residents.

Source link

Previous Post

Heat Beneath the Surface: Thermal Metrology for Advanced Semiconductor Materials and Architectures

Next Post

Mining in Africa, four ways to the intelligent mine

Next Post
Mining in Africa, four ways to the intelligent mine

Mining in Africa, four ways to the intelligent mine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

  • Mahama attends Liberia’s 178th independence anniversary

    Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.