Biodiversity Finance Accelerator Southern Africa (BioFA)
Bankable business models and customised instruments mobilising biodiversity finance to achieve national and international biodiversity objectives, outlined in national policies and strategies, the new global biodiversity framework post-2020, and the SDGs, are lacking in Malawi and Zambia. The project mobilises biodiversity investments and scales biodiversity-friendly entrepreneurship and thus contributes to a sustainable use, conservation and restoration of ecosystems. Based on a comprehensive approach it develops a pipeline of bankable market-based solutions (finance demand side) and designs innovative, tailored biodiversity finance instruments (supply side). It prepares biodiversity-friendly micro, small and medium enterprises to access growth finance to amplify positive biodiversity impacts. It strengthens the capacities of financial and public institutions to deliver biodiversity finance and implements design thinking formats to co-create financial instruments leveraging biodiversity business models.
- Malawi, Zambia
- IKI funding
- 693,000.00 €
- 09/2021 till 08/2024
- Implementing organisation
- adelphi research gemeinnützige GmbH
- Implementing Partner
- Lilongwe University of Agriculture and Natural Resources (LUANAR)
- Women’s Entrepreneurship Access Centre (WEAC)
State of implementation/results
29 enterprises were selected as participants for the Biodiversity Finance Accelerator out of 143 applying enterprises.
- This process entailed a call for application, scoring and shortlisting with an external jury and public announcement of the selected participants. The first workshops with 2 out of 3 cohorts were implemented in Zambia and Malawi, the topics for the first workshops were Business Plan Refinement and Understanding Impact for the standard and advanced enterprise tracks. – The BioFA project website was updated to showcase the 29 selected enterprises (biofa.info/…).
- BioFA was launched on the adelphi webpage and social media channels (www.adelphi.de/…).
- The BioFA Study for Malawi and Zambia was finalized and published (biofa.info/…).
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