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Funding

50 years of funding for Skeleton Coast-Etosha conservation

Ellanie Smit
A grant agreement has been signed to provide US$1 million (about N$19 million at yesterday's exchange rate) in funding per year to the Skeleton Coast-Etosha conservation area in north-western Namibia over a 50-year period.

The Skeleton Coast-Etosha site is a conservation bridge that passes through several conservation areas, connects two national parks and embraces the first 'People’s Park' – a new conservation category that expands the formalisation of community conservation.

According to Legacy Landscapes Fund (LLF), the agreement commits this annual funding to the region which consists of multiple protected areas, communal conservancies and their buffer zones for at least 50 years.

The fund said this “first ever perpetual grant” was signed with the World Wildlife Fund (WWF) and Namibia’s Integrated Rural Development and Nature Conservation (IRDNC).

As per LLF’s private-public model, US$10 million (N$190 million) in funding will come from the Rob Walton Foundation, a private philanthropic donor, while the rest of the grant money will be from the LLF endowment.

Meanwhile, the grant will be implemented by the WWF and the IRDNC, with the support of the environment ministry.

WWF and IRDNC will work closely with local partners, rural communities and conservancies to oversee implementation in the region.

Effective management

LLF said this long-term funding will contribute to the effective management of the Namibian conservation hotspot, bolstering much-needed climate resilience efforts, boosting local livelihoods and protecting vulnerable wildlife species.

“This ensures reliable and substantial funding of US$1 million annually for over 50 years and with strong governance of local rights-holders. We are very thankful to welcome this exceptional Namibian site into the LLF network,” executive director Stefanie Lang said.

Nik Sekhran, chief conservation officer at WWF-US said this is further validation of the importance of Namibia’s conservation efforts and the essential role communities play in protecting wildlife and biodiversity across the country.

Meanwhile, IRDNC executive director John Kasaona said wildlife plays a role in people’s cultures and traditions and this funding will allow them to plan for the future, with communities able to build upon this connection by making decisions on how they want to see their land managed in the long-term.

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Namibian Sun 2024-05-12

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05%