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The President of the Republic of Zambia, Hakainde Hichilema, has officiated the launch of the Zambia Water Investment Programme and stressed that, “Social economic development cannot be achieved without attaining water security on the African Continent.”
The Government of Zambia in collaboration with the International High-Level Panel on Water Investments for Africa launched the Zambia Water Investment Programme on the margins of the of the African Union Mid-Year Coordination Meeting in Lusaka, which was presided over by Mr Alex Simalabwi, Executive Secretary of the Global Water Partnership, Southern Africa.
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Showing posts with label Investment. Show all posts
Showing posts with label Investment. Show all posts
Sunday, July 17, 2022
Wednesday, November 27, 2019
Women, excellent investment as finance leaders urge increased support - NaijaAgroNet
Leaders from multilateral development banks, financial institutions and the private sector called on peers to dispel myths about women being too “high risk” for financing and offer more financial services for women in business to close the gender finance gap, reports NaijaAgroNet.
“We know that women are a good bet. We know they pay back. We know they run excellent businesses – and yet they are not getting financed,” said Dr Jennifer Blanke, African Development Bank Vice President for Agriculture, Human and Social Development.
An important step is for multilateral development banks to offer credit guarantees to commercial banks to invest in women entrepreneurs, Blanke said.
“We know that if we provide those guarantees, then the banks are going to be lending to a lot more women, and they are going to discover that women are an excellent bet – and are an excellent investment.”
Blanke and other leaders were speaking at the “Using Innovative Financing Mechanisms to Accelerate Finance for Women in Business” plenary panel session at the Global Gender Summit on Tuesday.
The international gathering of gender champions from government, finance institutions, multilateral development banks, civil society and private industry, runs from 25 - 27 November in Kigali, Rwanda.
Panelists acknowledged that strides have been taken to bring gender equity to financing. However, according to World Economic Forum data, at current rates of progress it will take at least 200 years to close the global pay gap between men and women.
Asian Development Bank’s Gender Lead, Sakiko Tanaka, noted this 2019 Global Gender Summit has seen increased awareness of the need for women’s financial inclusion to achieve gender equality.
“There’s more money coming in for gender equality. However, there are still major gaps globally and as well as in each region,” said Tanaka, who also serves as chairperson of the multilateral development bank working group on gender.
Women face unique constraints such as poorer access to collateral and land, running smaller business compared to male entrepreneurs and blurred lines between women’s personal and professional finance spend.
Wendy Teleki, Head of the We-Fi (Women Entrepreneurs Finance Initiative) Secretariat and the panel moderator, led the six panelists in exploring how financial institutions and multilateral development banks are innovating to expand women’s access to finance. Aside from risk-sharing interventions like credit guarantees to lenders, panelists said increasing women’s financial literacy was also key to closing the gender gap.
“It’s not about corporate social responsibility or charity,” said panelist Barbara Rambousek, Director for Gender and Economic Inclusion at the European Bank for Reconstruction and Development. “It is about developing that business case and developing a proper set of financial and non-financial services.”
In Africa, 70% of women are excluded financially and there is a $42 billion financing gap between men and women. Yet panelist Solomon Lartey, Managing Director and CEO of Activa International Insurance Ghana sees opportunity, particularly in West Africa, home to what he says is the world’s highest rate of women entrepreneurs.
“To get women where they want to be, we had to walk with them. The first thing is training them [about financial services], then granting them access to legal assistance and to financial education – we have to do all those things,” Lartey said.
The panel also discussed innovations related to financial technology, alternative credit information, and online tools for financial services as a way to grow businesses.
In some developing regions of the world, women face challenges getting basic documents like a birth certificate, required by commercial bank applications.
Tesi Rusagara, the head of Kigali Innovation City, said the more services for documentation and financing tools are brought online, the more value will be created for women.
John Wilson, CEO of Equity Bank, added that it is important to not only use data and technology in financial services, but to also have a physical presence where clients are, to make a human connection.
Uj. N. Dominic/Editor
... Linking agrobiz, sustainable environs, people & technology
“We know that women are a good bet. We know they pay back. We know they run excellent businesses – and yet they are not getting financed,” said Dr Jennifer Blanke, African Development Bank Vice President for Agriculture, Human and Social Development.
An important step is for multilateral development banks to offer credit guarantees to commercial banks to invest in women entrepreneurs, Blanke said.
“We know that if we provide those guarantees, then the banks are going to be lending to a lot more women, and they are going to discover that women are an excellent bet – and are an excellent investment.”
Blanke and other leaders were speaking at the “Using Innovative Financing Mechanisms to Accelerate Finance for Women in Business” plenary panel session at the Global Gender Summit on Tuesday.
The international gathering of gender champions from government, finance institutions, multilateral development banks, civil society and private industry, runs from 25 - 27 November in Kigali, Rwanda.
Panelists acknowledged that strides have been taken to bring gender equity to financing. However, according to World Economic Forum data, at current rates of progress it will take at least 200 years to close the global pay gap between men and women.
Asian Development Bank’s Gender Lead, Sakiko Tanaka, noted this 2019 Global Gender Summit has seen increased awareness of the need for women’s financial inclusion to achieve gender equality.
“There’s more money coming in for gender equality. However, there are still major gaps globally and as well as in each region,” said Tanaka, who also serves as chairperson of the multilateral development bank working group on gender.
Women face unique constraints such as poorer access to collateral and land, running smaller business compared to male entrepreneurs and blurred lines between women’s personal and professional finance spend.
Wendy Teleki, Head of the We-Fi (Women Entrepreneurs Finance Initiative) Secretariat and the panel moderator, led the six panelists in exploring how financial institutions and multilateral development banks are innovating to expand women’s access to finance. Aside from risk-sharing interventions like credit guarantees to lenders, panelists said increasing women’s financial literacy was also key to closing the gender gap.
“It’s not about corporate social responsibility or charity,” said panelist Barbara Rambousek, Director for Gender and Economic Inclusion at the European Bank for Reconstruction and Development. “It is about developing that business case and developing a proper set of financial and non-financial services.”
In Africa, 70% of women are excluded financially and there is a $42 billion financing gap between men and women. Yet panelist Solomon Lartey, Managing Director and CEO of Activa International Insurance Ghana sees opportunity, particularly in West Africa, home to what he says is the world’s highest rate of women entrepreneurs.
“To get women where they want to be, we had to walk with them. The first thing is training them [about financial services], then granting them access to legal assistance and to financial education – we have to do all those things,” Lartey said.
The panel also discussed innovations related to financial technology, alternative credit information, and online tools for financial services as a way to grow businesses.
In some developing regions of the world, women face challenges getting basic documents like a birth certificate, required by commercial bank applications.
Tesi Rusagara, the head of Kigali Innovation City, said the more services for documentation and financing tools are brought online, the more value will be created for women.
John Wilson, CEO of Equity Bank, added that it is important to not only use data and technology in financial services, but to also have a physical presence where clients are, to make a human connection.
Uj. N. Dominic/Editor
... Linking agrobiz, sustainable environs, people & technology
Wednesday, August 2, 2017
Breastfeed suffers lack of investment, babies, mothers in danger
NaijaAgroNet:
No country in the world fully meets recommended standards for breastfeeding, according to a new report by NaijaAgroNet.
No country in the world fully meets recommended standards for breastfeeding, according to a new report by NaijaAgroNet.
The United Nations Children Fund (UNICEF) and the World
Health Organization (WHO) have disclosed that breast feeding in the recent past
suffered lack of investment.
They also said that collaboration with the Global
Breastfeeding Collective, a new initiative to increase global breastfeeding
rates.
Just as they lauded the Global Breastfeeding Scorecard,
which evaluated 194 nations, saying that it found that only 40 per cent of
children younger than six months are breastfed exclusively (given nothing but
breast milk) and only 23 countries have exclusive breastfeeding rates above 60
per cent.
Evidence shows that breastfeeding has cognitive and health
benefits for both infants and their mothers. It is especially critical during
the first six months of life, helping prevent diarrhoea and pneumonia, two
major causes of death in infants. Mothers who breastfeed have a reduced risk of
ovarian and breast cancer, two leading causes of death among women.
“Breastfeeding gives babies the best possible start in
life,” said Dr. Tedros Adhanom Ghebreyesus, Director-General of WHO.
“Breastmilk works like a baby’s first vaccine, protecting infants from
potentially deadly diseases and giving them all the nourishment they need to
survive and thrive.”
The scorecard was released at the start of World
Breastfeeding Week alongside a new analysis demonstrating that an annual
investment of only US$4.70 per newborn is required to increase the global rate
of exclusive breastfeeding among children under six months to 50 per cent by
2025.
They posited that Investment Case for Breastfeeding, could
save the lives of 520,000 children under the age of five and potentially
generate US$300 billion in economic gains over 10 years, as a result of reduced
illness and health care costs and increased productivity.
“Breastfeeding is one of the most effective – and cost
effective – investments nations can make in the health of their youngest
members and the future health of their economies and societies,” said UNICEF
Executive Director Anthony Lake. “By failing to invest in breastfeeding, we are
failing mothers and their babies – and paying a double price: in lost lives and
in lost opportunity.”
The investment case shows that in five of the world’s
largest emerging economies—China, India, Indonesia, Mexico and Nigeria—the lack
of investment in breastfeeding results in an estimated 236,000 child deaths per
year and US$119 billion in economic losses.
Globally, investment in breastfeeding is far too low. Each
year, governments in lower- and middle-income countries spend approximately
US$250 million on breastfeeding programs; and donors provide only an additional
US$85 million.
Isaac Oyimah/GEE
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Monday, June 12, 2017
@50: IITA expands investment, launches 205.5 ha research farm
The
International Institute of Tropical Agriculture (IITA) has launched a new research station in Ago-Owu
in Osun state, Nigeria, as part of efforts to expand its research agenda and
create impact at farm level as part of IITA's 50th anniversary, reports NaijaAgroNet.
The Ago-Owu
research station, NaijaAgroNet gathered is located in Ayedade Local Government Area, Osun state, and
will primarily serve as a research and training facility that will backstop the
state’s agricultural programs and offer training support to the youth in the area
in particular and Nigeria in general.
NaijaAgroNet recalled that in 2015,
Governor Rauf Aregbesola donated a piece of land measuring about 205.5 hectares
to IITA as he sought to bring research closer to the people of the state with a
view to creating transformational change in the agricultural sector of the
state.
IITA accepted the offer with the signing of a memorandum of
understanding and began investment on the land with the development of roads
and other infrastructure.
Governor
Aregbesola said he was glad the MoU with IITA moved beyond paper to
implementation. He commended IITA for its research efforts in the last 50
years, adding that the research facility will advance research in Osun state
with a spinoff effect on other parts of the country.
“We believe
that this research facility will train and empower our youth in modern
agriculture,” he said.
The
inauguration of the research facility also allowed researchers to make
presentations on new findings from cassava weed management, breeding, banana
breeding and multiplication, cassava processing, and aflasafe—a technology for
controlling aflatoxins among others.
There was a presentation of improved seeds
of maize, cowpea, soybean, yam, plantain seedlings, and cassava stems for
onward distribution to farmers in Osun state. IITA also gave the governor some
quantities of Purdue Improved Crop Storage (PICS) bags which provide simple,
low-cost method of reducing post-harvest cowpea losses due to insects’
infestations.
The Director
General, IITA, Dr Nteranya Sanginga said, IITA was happy to work with and in
Osun state.
“This
research facility is part of our strategy to take research closer to the
people. Our plan is to make this station a one-stop shop where farmers’ needs
will be addressed,” he said.
Under the
refreshed IITA strategy, IITA plans to lift 11 million people out of poverty in
sub-Saharan Africa by 2020 and to reclaim 7.5 million hectares of degraded land
and put the land into sustainable use. Achieving this goal entails IITA
expanding its partnership scope and strengthening old partnerships.
Dr Sanginga
said the Ago-Owu research facility would primarily conduct research on cassava,
maize, yam, soybean, banana/plantain and cowpea. “We will also be using the
facility to train Nigerian youths in agribusiness,” he added.
The
inauguration of Ago-Owo research station brings to six the number of such
facilities in Nigeria. Others are located in Onne (Rivers State), Abuja, Mokwa
(Niger state), Minjibir (Kano), and Ikene (Ogun State).
Dr Alfred
Dixon, Director for Development and Delivery, IITA, said the inauguration of
the research facility was a step in the right direction with the potential of
bringing many benefits to the people of the state in particular, and the
country in general.
He said the
research facility would assist the state in accelerating its agricultural
reform agenda whose particular focus is on increasing agricultural productivity
and job creation.
Established
in 1967, IITA is an international agricultural research institution that
generates agricultural innovations to meet Africa’s most pressing challenges of
hunger, malnutrition, poverty, and natural resource degradation. Working with
various partners across sub-Saharan Africa, IITA improves livelihoods, enhance
food and nutrition security, increase employment, and preserve natural resource
integrity. The Institute operates in Nigeria and 13 research stations/hubs
across sub-Saharan Africa.
Isaac Oyimah/GEE
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agrobiz, sustainable environs, people & technology
Tuesday, July 19, 2016
ANEC 2016 goes to Rivers State with agriculture, investment topping agenda
The 12th edition of the All Nigeria Editors
Conference (ANEC) is headed to oil-rich Rivers State with top on the agenda
being agriculture and investment, reports NaijaAgroNet.
The five-day conference slated for August 3 through 7 in
Port Harcourt, capital of Rivers State comes with the theme: Economic
Diversification: Agriculture as Option for a Prosperous Nigeria.
The Acting President of the Guild of Editors, Funke
Egbemode, said no fewer than 300 Nigerian editors, a collection of mainstream
farmers, agriculture financiers, policy-makers and captains of industry would
be expected to grace the event.
“The sole emphasis on agriculture for this year’s conference
was in response to the falling price of crude oil at the international market
which has automatically reduced government’s earnings and revenue base. This is
the first the conference is focusing on agriculture in the most pragmatic sense
and it is meant to draw the nation’s attention to the limitless opportunities
that abound in agriculture” Egbemode said.
She also quoted the host Governor, Nyesom Ezenwo Wike, as saying
in a press statement available to NaijaAgroNet that the conference would afford
the state the opportunity to showcase its investment potentials.
According to the Special Assistant to the Governor on
Electronic Media, Simeon Nwakaudu, Wike noted that the conference would be a
fitting platform to partner with editors and the media to consolidate
development in both the state and the nation at large.
Wike pointed out that the state is hosting several national
and international events as a demonstration of the fact that Rivers State is an
investors’ destination, stressing that the state is peaceful and the people hospitable.
“Hosting this year’s conference will also make the editors
witness first-hand the development projects and programmes of my administration
which has improved the living standard of the people,” he said.
NaijaAgroNet recalls that the All Nigeria Editors’ Conference
is the largest gathering of Nigerian editors and has become a watering hole of
ideas that shaped government policies and programmes over the years, with the
maiden edition held in 2004 at Ada, in Osun State.
Also, ANEC had previously attracted both local and foreign
speakers as well as editors from organizations such as the West African Editors
Forum (WAEF), the African Editors Forum (TAEF), the World Editors Forum (WEF)
and the World Association of Newspapers (WAN).
This year’s edition has been tailored primarily to focus on
agriculture as a counterfoil to the dwindling receipts from crude oil. Speakers include a rich mix of practicing
farmers, agriculture financiers and policy-makers.
The Founder of HoneySuckle PTL Ventures, Mosunmola Cynthia
Umoru, would speak on Agriculture as Panacea for Unemployment while Mr. Kola
Adeniji of Niji Farms would talk on Agriculture as a Foreign Exchange Earner.
The Chief Executive of Bank of Agriculture, Professor
Danbala Danju would be explaining the 'Role of Banks in Agriculture Financing
while Kano-based farmer, Muhammad Abubakar, the Managing Director of L&Z
Integrated Farms would experientially explore the topic: Making the Most of
Agriculture Value Chain.
Tuesday, July 14, 2015
EIB, FAO partnership to bolster private sector investment
The European Investment Bank
(EIB) and Food and Agriculture Organization (FAO), are collaborating to broaden
investment in agriculture, reports NaijaAgroNet.
The two institutions, NaijaAgroNetgathered, signed a five-year Memorandum of Understanding (MoU) that seeks to foster investment operations in the field of agriculture, private sector development and value chains that promote both EIB's priorities and FAO's strategic objectives outside the EU.
Speaking at the event, FAO Director-General José Graziano da Silva, said "This is a landmark opportunity for both of us to combine technical knowledge and financial capacity to engage private and public investors in eradicating hunger," noting that ensuring enough global food supply for a growing population and making agrifood systems more sustainable would require robust investments in developing countries.
According to EIB Vice-President, Pim van Ballekom, "Agriculture and agribusiness are key sectors for development impact, as they are and will remain central to lives, livelihoods and social stability. But they are also a primary base for local entrepreneurship, employment and growth in many countries around the world. If we can combine FAO's local experience and know-how with our investment capabilities and technical expertise to better channel much needed finance to benefit both food supply and entrepreneurship, then why should we not do that?"
NaijaAgroNet recalls that FAO and EIB have collaborated before, through information-sharing platforms like Eastagric, with the latest MoU intensifying their cooperation in the joint analysis, planning and execution of investment operations.
Cyriacus Nnaji/GEE
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Monday, December 24, 2012
The way back to the forest
Data from the Food and Agricultural
Organisation (FAO) of the United Nations has shown that Asia-Pacific region,
especially China, takes the leading position in the global forest products
industry.
The forest industry also grew by 1
to 4 per cent in 2011 as against 2010 which signifies that countries globally
are coming out of the recession slowly.
Whereas the new data shows that
production of wood-based panels and paper in 2011 was above the pre-crisis
levels of 2007 and appears to be growing relatively strong in some regions.
Nigeria records highest deforestation rate
Investigations by NaijaAgroNet
revealed that Nigeria is one of the countries on the continent that has the
highest rate of deforestation, recording about 2.6 per cent annually. And as at
2004, Nigeria has 693,000 hectares of forest plantations.
Within the time under review for
Nigeria had as at 2004, contributed about 1.3 - 3 per cent to the nation’s Gross
Domestic Product (GDP) and account for a larger part of domestic energy, food
and medicinal supply, which were not fully represented in the formal national
statistics.
The increase in deforestation in
the country has over the years worsen by livestock grazing, soil erosion,
drought, desertification and growing demand for cropland, thus, greatly putting
the state of forest of the nation’s under threat.
China leads global forestry business
However, leading the forestry
industry is the Asia-Pacific region with China as the world's second largest
producer of samnwood after United State of America, thereby overtaking Canada.
Notable is that in 2011 alone,
China contributed 11 per cent of the world's sawnwood, 38 per cent of its
panels and 26 per cent of its paper, hence it played a key role in the international
forest products market, even as the Asian country also claimed the fifth
largest importer of paper and paperboard after recording a huge increase in
domestic production since 2007.
Also in 2011, China imported forest
products worth $43 billion, about N6.79 trillion, accounting for 16 per cent of
the global total imports.
The forest product statistics
database by the United Nations' agency contains 1.2 million entries and cover
production and trade of 52 products, 21 product groups of 245 countries and
territories.
Meanwhile the Russian Federation
that have the largest forest in the world has experienced decline in industrial
round wood export in the last five years. The decline, NaijaAgroNet further
gathered stood at about 60 per cent with an increase in sawnwood production by
8 per cent over the same period.
Calls on investors to look into forestry
Meanwhile the International
Institute for Environment and Development (IIED) in the last quarter of 2012,
said that the investment guideline that was originated from The Forests
Dialogue (TFD) on behalf of Growing Forest Partnerships and with the support of
IIED, for forest business would give a high return on investment if followed.
In the same vein the IIED forest
team head, Duncan Macqueen called on investors to venture into locally
controlled forest that it offers triple investment returns and that people
depending on forest for survival would have a secured income streams, making it
a win-win situation for the investors as well as the forest managers and
owners.
A report by the United Nations
Environment Programme (UNEP) for the third quarter of 2012 revealed that if
about 0.034 per cent of the global Gross Domestic Product (GDP), which amount
to about N6.24 trillion is being spent on forest on a yearly basis would give
an estimation of 5 million jobs globally and a high return on investment.
UNEP in the report advised that
finance can be sourced from both public and private sectors using approach that
pay landowners for maintaining the ecosystems.
Yinka Awosanya/LS
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Monday, November 5, 2012
Investment in science to reduce water risks –Study
Investments into science research
has been found worthy of reducing water risks, says the latest study by the
Global Environment Facility (GEF) in partnership with the United Nations
University (UNU) and United Nations Environmental Programme (UNEP).
The report of a recent study on
water-related project has reiterated that investment in science could help in
reducing risks that are in connection with water resources.
The study was conducted by the
largest public funder of projects to improve the global environment and promote
sustainable development, the Global Environment Facility (GEF) with the
partnership of the UNU and UNEP.
About 200 major international
water-related projects over the past two decades were studied which give room
for the identification of existing as well as emerging challenges and how
science can offer solutions.
A press statement made available to
NaijaAgroNet revealed that the study extracted lessons from a portfolio of
major trans-boundary water projects involving investments of more than US$7
billion, about N1.1 billion.
It is also revealed that river
basins in particular are set to experience growing pressures as a result of
urbanization, rising water scarcity and poor water quality.
GEF warns that the linkage between
science and policymaking needs strengthening, and that the consequences of poor
decision-making are dire leading to water-bankruptcy in some regions in the
world with their adverse effects on food and energy security.
The report of the study affirmed a
significant drop in the level of dissolved oxygen levels in marine areas which
is a critical ecological indicator. A major increase of stored heat in oceans
was also highlighted in the report.
Director, United Nations University
International Network on Water, Environment and Health, Zafar Adeel said the
study underscores how often early ‘alarm bells’ with respect to emerging issues
could be heard and must be heeded.
“The report offers helpful
recommendations to the GEF to foster this process,” Adeel said.
Some other findings highlighted in
the reports include a significant drop in the levels of dissolved oxygen in
marine areas over a relatively short period of time which is an indication of
critical ecology.
The report also stated that there
is a major increase in stored heat in oceans with its negative impact on
ecosystem, sea levels as well as human existence.
For GEF’s International Waters
Focal Area Coordinator, Ivan Zavadsky affirmed that for over 20 years, GEF had
catalyzed the largest investment of its kind in human history. “GEF’s $1.3
billion catalyzed a total of $7 billion of investment in managing shared waters
- fresh and marine - in almost every part of the planet, above and below its
surface.”
The UN Under-Secretary-General and
UNEP, Executive Director, Achim Steiner, pointed out that world leaders agreed
at the Rio+20 summit in June to strengthen the science-policy interface and to
foster international research collaboration on sustainable development.
“This is especially important in
respect to water resources at a point in time of unprecedented pressures from
climate change and urbanization to pollution and over extraction,” Steiner
said.
Yinka Awosanya
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Monday, October 22, 2012
Narh calls for investment in agric value chain
The Deputy
Governor, Bank of Ghana, Millison Narh has called on financiers to invest in
innovative driven-projects in the agriculture value chain system.
Speaking at the
opening session of the 8th African Rural and Agricultural Credit Association
(AFRACA) General Assembly held in Accra, recently, Narh who also is the vice chairman,
AFRACA, said focus should be on the establishment of agriculture commodity
markets.
Investment in
the sector, Narh said, would go a long way in solving the issue of decline in
Africa's agric sector with its adverse effects on food security.
Improved access
to suitable agric technologies and credit facilities, according to Narh could
sustain the value chain process.
He also noted
that the provision of relevant training programmes for agric sector workers and
a revision of the land tenure system to give access to arable lands for
productive use would contribute to enhancing the sector.
AFRACA, NaijaAgroNet gathered was established in
1977 to serve as a high level coordinating body to address and advocate for
agriculture finance policy in order to strengthen Africa' rural poor.
Further, he urged
African governments and policy makers to make appropriate policy interventions
which would entail infrastructure development and appropriate training
opportunities for farmers, and make fiscal incentives available for financial
institutions who are focusing on agric lending.
Yinka Awosanya/ED
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Friday, September 28, 2012
New forest investment guidance to triple returns
A man siting next to a felled tree at the Afi mountain forest reserve near Ikom, cross River, Nigeria |
Various
discussions between investors and forest rights-holders in the recent times have
led to a new guideline for investment with the capability of returning
three-fold on investments.
The
International Institute for Environment and Development (IIED) revealed to NaijaAgroNet in a press statement that
the investment guideline if followed will provide livelihood security for local
communities and protection for forests.
The guide
emanated from eleven meetings organised by The Forests Dialogue (TFD) on behalf
of Growing Forest Partnerships and with the support of IIED, the International
Union for the Conservation of Nature, FAO and the World Bank.
Commenting on
the advice on investment in locally-controlled forestry, Gary Dunning of TFD said
that the guide shows how investors and forest-dependent community form
mutually-beneficial partnerships that would deliver social, environmental and
economic gains.
The meetings
have in attendance indigenous people, family foresters, researchers, government
representatives, investment bankers, donors and philanthropists to share views
on the role of investment in the forest sector.
The new
guidelines, according to IIED is a representation of the insights of the
meetings' participants with many case studies from across the globe showing how
investment in locally-controlled forestry offers investors secure access,
reduced risks and better long term management opportunities and an evidence of
social and environmental sustainability.
The lead author
of the guide, Dominic Elson said investing in locally controlled forestry not
only leads to improved economic outcomes but it also leads to an improvement in
the political economy in a way that can help governments of developing
countries to shift into a more sustainable, low-carbon development path.
The guide looks
in detail at how to encourage a happy marriage between ‘enabling investments’
that prepare the ground for commercial success and ‘asset investments’ that
seek a return, usually as profit or products.
The leader of
the team that produced the guide, Chris Buss of IUCN said strong businesses
generate profits worthy of asset investment, “But growing those businesses may
need enabling investments from NGOs, philanthropists or governments for
infrastructure, capacity building or to secure and formalise commercial forest
rights."
Another
contributor to the guide, Duncan Macqueen of IIED that forests provide
livelihoods for a billion people, adding that “About a quarter of the world’s
forests are locally controlled, by members of three major alliances of
indigenous peoples, forest communities and private family smallholders."
Macqueen
revealed that forests also provide goods and services worth $75 - $100 billion
annually, stressing "What’s missing is the investment that can boost these
benefits in a sustainable way and put local people in the driving seat.”
Yinka Awosanya/LS
... Linking agrobiz, people & technology
Wednesday, September 26, 2012
Investing in science can reduce water risks – study
Recent
study on water-related project has revealed that investment in science could
help to reduce risks associated with water resources.
The
study was conducted by the largest public funder of projects to improve the
global environment and promote sustainable development, the Global Environment
Facility (GEF) with the partnership of the United Nations University and the
United Nations Environmental Programme (UNEP).
About
200 major international water-related projects over the past two decades were
studied which gave room for the identification of existing as well as emerging
challenges and how science could offer solutions.
A press statement made available to NaijaAgroNet revealed that the study extracted lessons from a portfolio of major transboundary water projects involving investments of more than US$7 billion, about N1,1 billion.
A press statement made available to NaijaAgroNet revealed that the study extracted lessons from a portfolio of major transboundary water projects involving investments of more than US$7 billion, about N1,1 billion.
It
is also revealed that river basins in particular are set to experience growing
pressures as a result of urbanization, rising water scarcity and poor water
quality.
GEF
warns that the linkage between science and policymaking needs strengthening,
and that the consequences of poor decision-making are dire leading to
water-bankruptcy in some regions in the world with their adverse effects on
food and energy security.
The
study showed a significant drop in the level of dissolved oxygen levels in
marine areas which is a critical ecological indicator. A major increase of
stored heat in oceans was also highlighted in the report.
The
director, United Nations University International Network on Water, Environment
and Health, Zafar Adeel said the study underscores how often early 'alarm
bells' with respect to emerging issues can be heard and must be heeded.
"The
report offers helpful recommendations to the GEF to foster this process,"
he said.
Also commenting, the GEF's International Waters Focal Area Coordinator, Ivan Zavadsky said that over 20 years GEF has catalyzed the largest investment of its kind in human history.
Also commenting, the GEF's International Waters Focal Area Coordinator, Ivan Zavadsky said that over 20 years GEF has catalyzed the largest investment of its kind in human history.
“GEF's
$1.3 billion catalyzed a total of $7 billion of investment in managing shared
waters - fresh and marine - in almost every part of the planet, above and below
its surface," Ivan said.
"World
leaders agreed at the Rio+20 summit in June to strengthen the science-policy
interface and to foster international research collaboration on sustainable
development. This is especially important in respect to water resources at a
point in time of unprecedented pressures from climate change and urbanization
to pollution and over extraction," said UN Under-Secretary-General and
UNEP Executive Director Achim Steiner.
Yinka Awosanya/LS
... Linking agrobiz, people & technology
Monday, September 10, 2012
Invest in forestry, get triple investment returns - IIED
Duncan Macqueen, IIED Forest Team Leader |
Forestry experts at the International Institute for Environment and
Development (IIED) have called on investors to invest in locally controlled
forest as the sector offers a triple investment returns.
The Head of forest team at IIED, Duncan Macqueen said the investment
would also lead to secured income streams for people that depend on forest for
survival which would in turn give better prospects for forest protection.
Macqueen revelation, according to NaijaAgroNet
findings show that investment in locally controlled forestry also needs
advocacy in a bid to secure and formalise commercial forest rights as well as
business capacity development to convert the rights to self-sufficient
businesses.
He also preached organisation should build to achieve scale efficiencies
and market negotiating power, and deal brokering so as to ensure that investors
play fair with local groups.
Yinka Awosanya
... Linking agrobiz, people & technology
Monday, June 18, 2012
300 leading cassava researchers to attend GCP21
About 300 global leading cassava
researchers and stakeholders would attend Global Cassava Partnership for the
21st Century (GCP21) scheduled to hold between June 18 and 22, 2012.
The international cassava
conference to be held in Uganda would focus on improving cassava productivity
through scientific research and development.
The organisers in a press release
made available to NaijaAgroNet stated that GCP21 consists of 45 member institutions working on
research and development of cassava.
The Cassava Global Partnership, NaijaAgroNet learnt advocates for cassava
issues while leveraging research and development by facilitating dialogue among
farmers and stakeholders through scientific and technical meetings.
The partnership also seeks smart
strategies, funding opportunities and catalyzing solutions to technical
challenges like cassava genomics.
The chairman of GCP21-II, and scientist
at NaCRRI, Dr. Yona Baguma said the greatest reward of his life time would be
to bring about a significant transformation in cassava to impact on peoples'
lives especially those who depend on the crop.
GCP21, in 2011 had initiated
several research projects totaling over $60 million, about N9.6 billion in
grants in the areas of cassava genomics, genetic engineering, biofortification,
genetics and biology.
The report of the research
projects would be presented at GCP21-II.
Participants will exchange
knowledge and experiences in the areas of socio-economics, biodiversity and
genetic resources, post-harvest, starch modification, nutrition, genomics,
molecular genetic markers and gene discovery, tissue culture and
transformation, biotic and abiotic stresses, participatory research and technology
transfer.
Yinka Awosanya/LS
... Linking agrobiz, people & technology
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