The German bank has provided funding worth 45 million euros for the management of natural resources in SADC countries. The Director of Food, Agriculture and Natural Resources of the Southern African Development Community (SADC), Domingos Gove, announced the data in his speech at the 10th annual meeting of the Transfrontier Conservation Areas Network (TFCA), held in Maputo.
According to Gove, the funds were earmarked to finance eight conservation areas, through tenders launched in each participating country. The director highlighted the importance of this investment, saying that easy access to funding has played a crucial role in the successful implementation of the planned activities.
The injection of 45 million euros has provided a solid financial basis for the realization of projects aimed at the preservation and sustainable management of natural resources. This funding has not only strengthened the current initiatives underway, but has also raised the expectations of the partners involved, encouraging them to increase their investments in the protection of conservation areas.
Domingos Gove shared the encouraging news that in the next few days, ACTF will receive an additional 33 million euros from the European Union. This new injection of resources represents a significant step towards further boosting regional conservation and sustainable development efforts.
By contributing these substantial funds, the European Union reinforces the global commitment to preserving biodiversity and promoting sustainable practices in the SADC region. The continued investment highlights the importance of international partnerships in finding effective solutions to shared environmental challenges.
As SADC continues to receive significant financial support, these additional resources are expected to catalyze new initiatives, drive innovation and strengthen the region’s conservation capacity. The continued commitment of KfW and the European Union highlights the key role of international finance in promoting environmental sustainability and combating threats to Southern Africa’s precious ecosystems.
