The report indicated that “the results show that the average annual loss for infrastructure and damaged buildings amounts to $12.7 billion.” It alone is estimated at an average of $1.8 billion. Furthermore, climate change increases the impact of natural disasters on infrastructure by 27%, reaching $2.4 billion.
In terms of countries, South Africa records the highest levels of annual losses ($1.7 billion), followed by Nigeria ($1.1 billion), and Algeria ($1 billion). The organization emphasizes that these are enormous sums for African governments.
