The nascent Africa Conservation and Communities Tourism Fund will work with safari operators in Namibia, Botswana, Kenya, South Africa, Tanzania, and Zambia. Photo Unsplash/RedCharlie
The nascent Africa Conservation and Communities Tourism Fund will work with safari operators in Namibia, Botswana, Kenya, South Africa, Tanzania, and Zambia. Photo Unsplash/RedCharlie

US backs fund for sustainable safaris in Africa

The United States is committing support to promote sustainable safaris in Africa, hoping to prevent environmental destruction as the tourism sector recovers, officials said.

The US Agency for International Development (USAID) made the announcement last week at a three-day summit that brought nearly 50 African leaders in Washington.

The nascent Africa Conservation and Communities Tourism Fund, led by investors and conservationists, aims to raise US$75 million to fund safari operators across the continent.

USAID said it was committing US$2.5 million to reduce risks and jumpstart the fund, which it estimated would benefit 44 000 people.

The fund will work with safari operators in Botswana, Kenya, Namibia, South Africa, Tanzania, and Zambia.

BILLIONS IN FUNDING

A notice on the project earlier this year by advisors Impact Align said that ecotourism operators had been devastated by Covid-19, which shut down international travel.

"The fate of millions of acres of wildlands and wildlife hangs in the balance," it said.

"If operators fail to financially recover, once protected wildlands will be at high risk of destruction which would worsen planetary health, exacerbate climate change and deprive local communities of employment and management opportunities."

The United States during the summit has laid out some US$55 billion in funding over the next several years including to improve health infrastructure, promote green energy and stave off hunger. – Fin24/AFP

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Namibian Sun 2024-05-18

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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$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19%