Economics of natural capital in East Africa

Speeches Shim

East Africa contains some of the African continent’s most vast and iconic landscapes. These biodiversity‐rich areas are critical to the region’s nature‐based tourism industry, which contributes significantly to East Africa’s gross domestic product. Many East Africa’s wildlife habitats exist across national boundaries and hence require collaboration to address the challenges of the conservation of wildlife and the habitats they depend on. 

Wildlife habitats have become fragmented by rapid urban, rural, and industrial development, which, in turn, has created new avenues for illegal wildlife trafficking. Additionally, corruption and the lack of political will has enabled natural resources to be harvested at unsustainable rates. Climate change is projected to further aggravate the existing drivers of natural resource conservation threats through increasingly erratic weather patterns. 

The Economics of Natural Capital in East Africa project supports USAID and the East African Community’s (EAC) strategic priorities for harmonizing policy and legal frameworks, sustainable management of key transboundary ecosystems, anti‐poaching, and combating wildlife trafficking, as well as learning and leadership for biodiversity conservation. 
 

Issuing Country 
Date 
Thursday, February 3, 2022 - 7:45am

Last updated: May 19, 2022