Mozambique’s Biofund supports conservation projects with US$2 million

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Mozambique’s Biofund supports conservation projects with US$2 million

2:32 CAT | 20 Jun 2019

Photos: Supplied

The Foundation for the Conservation of Biodiversity (Biofund), an institution which finances biodiversity in Mozambique, announced on Tuesday that it plans to spend US2 million (EUR 1.8 million) supporting conservation and biodiversity in the country in 2019.

“This year we aim to disburse US$2 million (EUR 1.8 million),” Biofund Director of Programmes Alexandra Jorge said.

The amount to be disbursed is similar to that awarded in 2018, which last year supported nine Mozambican parks and reserves last year – more than half the country’s total.

The foundation highlights “new projects such as Mozbio 2, funded by the World Bank, in particular the implementation of the conservation leadership programme”.

“This moment is very important for us because it is now possible to carry out an analysis and evaluation of our work, the level of execution of our activities, as well as to exchange ideas on the path we want to follow,” the executive director added.

According to a Biofund communique, the VII Biofund General Assembly took place on June 18 in Maputo, under the chairmanship of Professor Lourenço do Rosário. It was attended by more than 50 representatives of governmental and non-governmental institutions related to the conservation sector. During the session, the members of the General Assembly approved the activity and accounts report for 2018, as well as the activities and budget for 2019.

Biofunds

The Biofund General Assembly considered presentations including:

– The growth of the foundation and the assumption of greater responsibilities with new projects such as Mozbio 2 (with funding from the World Bank), with the emphasis on the implementation of the Conservation Leadership Programme;

– Contributing to the establishment of procedures for the implementation of biodiversity counter-balances; (iii) The growth of its investment capital; and

– doubling the volume of Biofund disbursements (about US$2 million in 2018).

“We are growing, the impact of our activities is visible, so we want to reinforce the idea that Biofund is an important pillar in Mozambique’s sustainable development,” Jorge said.

Biofund is a private not-for-profit environmental fund that mobilizes, applies and manages financial resources for the sole benefit of biodiversity conservation in Mozambique.

Source: Lusa / Biofund through Ferro e Ferro Agência de Comunicação