Business Hilights

Tracking Nigeria's Headline Business News Online


Commonwealth Harps on Solidarity among nations Over multiple global challenges

Ad 2
Ad 3

The Commonwealth Secretary-General, the Rt Hon Patricia Scotland KC, addressed leaders from 79 countries in Africa, the Caribbean and the Pacific, as well as strategic partners, highlighting the importance of solidarity among nations in the face of multiple global challenges.
During a high level dialogue with strategic partners at the 10th Summit of Heads of State and Government of the Organization of African, Caribbean and Pacific States (OACPS), held in Luanda, Angola from 6 to 10 December, the Secretary-General stated:
“The Commonwealth and OACPS share 42 member countries, and through an MOU, we have enjoyed the closest of associations.
“Amidst unprecedented challenges such as the COVID-19 pandemic, global economic decline, the conflict in Ukraine and the worsening climate crisis, the world has never needed our solidarity more.
“If you want to know what solidarity looks like between Africa, the Caribbean and the Pacific – and their friends – you only have to look at the fight for climate action.”
Solidarity for climate action
She outlined how the Commonwealth, as a voluntary association of now 56 countries, spanning five geographical regions with a combined population of 2.5 billion people, has sought to advance global action on climate change for decades.
In 1989, Commonwealth leaders recognised climate change as an existential threat in the Langkawi Declaration on the Environment.
This year, at the Commonwealth Heads of Government Meeting in Rwanda in June, leaders jointly called for scaled up action and support around the issue of loss and damage. This has been a critical issue for many vulnerable countries who require financing to address the negative impacts they have already suffered due to climate change.
It was included for the first time on the official agenda of the UN Climate Change Conference (COP27) in Sharm El-Sheikh, leading to a historic step forward to set up a global Loss and Damage Fund.
The Secretary-General emphasised: “It was solidarity that delivered the historic outcomes on Loss and Damage at COP27, just a few weeks ago.”
Towards a Smart Commonwealth
She added that a digitalised and “smart” approach to building resilience was also crucial to overcoming challenges, outlining flagship programmes such as the Commonwealth Climate Finance Access Hub, the Commonwealth Blue Charter, the Commonwealth Connectivity Agenda on Trade and Investment, which are currently being rolled out to support member countries.
In the margins of the OACPS summit, the Secretary-General also met with leaders to discuss shared interests and opportunities for partnerships. This included meetings with President João Manuel Lourenço of Angola, President Emmerson Mnangagwa of Zimbabwe, President Wavel Ramkalawan of Seychelles, Prime Minister Philip Davis of The Bahamas, Prime Minister Fiame Naomi Mata’afa of Samoa and other dignitaries.
The 10th OACPS Summit was chaired by the President of Angola, who takes over the presidency from Kenya.
Business Hilights recalls that The Commonwealth is a voluntary association of 56 independent and equal sovereign states. Our combined population is 2.5 billion, of which more than 60 per cent is aged 29 or under.
The Commonwealth spans the globe and includes both advanced economies and developing countries. Thirty-three of our members are small states, many of which are island nations.
The Commonwealth Secretariat supports member countries to build democratic and inclusive institutions, strengthen governance and promote justice and human rights. Our work helps to grow economies and boost trade, deliver national resilience, empower young people, and address threats such as climate change, debt and inequality.
Member countries are supported by a network of more than 80 intergovernmental, civil society, cultural and professional organisations.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.