Public Management

German BMZ commits funds for the preservation of three African parks

German BMZ commits funds for the preservation of three African parks
Thursday, 19 May 2022 16:24

In Africa, the pressure exerted by human activity on wildlife threatens the survival of several species. Estimates have it that the number of African elephants dropped from 10 million to 350,000 over the past 100 years.  The project funded is one of the many others initiated to reverse that trend. 

Zambia’s North Luangwa National Park, Zimbabwe’s Gonarezhou National Park, and Odzala DRC’s National Park will receive funding from the German government to support and preserve their natural environment. The support was announced, Tuesday (May 17) on the German Development Ministry’s website.  

They will receive a US$1 million grant each over the next 15 to 30 years. Overall the country is committing US$500 million to the project which also includes parks in South America and Asia. The project aims to "facilitate lasting protection for the world's most valuable conservation areas," reads the release announcing the funding.  

"A very large proportion of the world's most biodiverse regions are located in developing countries. Through the Legacy Landscapes Fund, we help to ensure lasting protection for the world's most valuable conservation areas, because protected areas in developing countries need reliable long-term financing and administration to protect the natural environment and the global climate but also to protect people's livelihoods on the ground," explained German Development Minister Svenja Schulze. 

The initiative is part of a program called "Legacy Landscapes Fund" (LLF) set up by Germany with financial support from international backers.  "The Fund targets those areas that have the greatest biodiversity but do not have enough resources to really conserve the natural environment," the release informs.  

According to African Parks, wildlife habitats such as forests, woodlands, savannahs, and wetlands are under enormous pressure from human activity. Elephants are continually poached for their ivory and rhinos for their horns. Local bushmeat consumption is also taking its toll on African wildlife. This German initiative joins several others aimed at restoring the continent’s wildlife. The said initiatives are notably the United Nations Convention to Combat Desertification (UNCCD) and SOS Africa Wildlife.

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cemac developing system to track informal cross-border trade data Regional workshop trains experts on mapping flows and estimating...
Nigerian insurers Guinea, Sovereign Trust seek 10.8bn naira capital Guinea launches rights issue; Sovereign Trust awaits NGX approval Raises aim meet...
Adenia Entrepreneurial Fund I (AEF) secures $180 million in its first close, exceeding its $150 million target. The fund targets...
Bank of Ghana lowers its policy rate by 150 basis points to 14%, the lowest since July 2021. The cut reflects improving macroeconomic conditions...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...

BOAD to Mobilize $1.3 Billion in Support of Burkina Faso 2026-2030 Development Plan
05

Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...

Algeria-based Yassir expands into media distribution in France with planned acquisition of Kawarizmi
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.