Dec 9, 2021

Mawazo Writing Africa

Writing about the main

Funding platform wants to revive wildlife sector devastated by Covid-19

A newly launched platform aims to revitalize the nature-based tourism industry in Africa – a sector devastated by the Covid-19 pandemic.

The seven-month-old African nature-based tourism platform is facilitating the Covid- 19 aid and recovery funding for communities and small and medium-sized enterprises operating in this sector in 11 African countries.

“The Covid-19 crisis has crippled economies and industries around the world and nature – based tourism is one of the greatest economic losses. For many African countries this means a significant loss of money for their conservation efforts, the livelihood of the local community and the tourism companies, ”said Dr. Nikhil Advani, project manager of the platform.

The platform, launched in April 2021, has carried out more than 525 surveys among municipalities and SMEs in the project’s focus countries, with data suggesting that the companies surveyed are downsizing by 58% gave.

The platform hosts data collected through surveys to measure the impact of the Covid-19 crisis on communities and SMEs.

It also improves knowledge sharing between relevant stakeholders, tries to connect potential beneficiaries with donors, facilitates the development of funding proposals from municipalities and SMEs, and serves as a hub for everyone in the industry to exchange and access information.

“The goal is to mobilize at least $ 15 million (233.6 million RAR) to help communities and SMEs build gr resilience in the nature-based tourism business model in the future The financial support we wish to provide to beneficiaries includes, but are not limited to, grants, loans, equity and quasi-equity.

“Sources for this financial support include governments, individual donors, institutional donors, banks and investors, among others, “said Advani.