By

Duncan Onyango

Trade Catalyst Africa

There is a familiar pattern to conversations about climate adaptation in Africa. They usually begin with the billions of dollars needed to help the continent respond to increasingly frequent droughts, floods and other climate-related shocks. Before long, attention shifts to the widening financing gap and the urgent need for more public and private investment.

These are necessary discussions. Yet after participating in the Adaptation Investment Summit for Africa (AISA) 2026, I found myself asking a different question: What exactly are we asking capital to invest in?