African countries to restore 100 million hectares of land by 2030
AFR100 will help to translate ambitious commitments into action with support from private sector investors, foundations, development banks, and bilateral and multilateral funders. AFR100 will leverage a variety of financing, including grants, equity investments, loans, risk management guarantees and funds for specific interventions. A PAN-African, country-led effort to restore 100 million hectares (386 thousand square miles) of degraded and deforested landscapes by 2030, has been launched by African countries. The project known as African Forest Landscape Restoration Initiative (AFR 100) has been endorsed by the African Union. So far 10 African countries have agreed to join AFR100 and committed at least 31.7 million hectares of land for forest landscape restoration. AFR100 partners are earmarking more than USD $1 billion in development finance and more than $540 million in private sector impact investment to support restoration activities.