As part of its "Alliance for Biodiversity Protection and Development" project, the United States Agency for International Development (USAID) has signed a partnership agreement with Sofibanque to support the development of inclusive and sustainable small and medium-sized enterprises in the Haut-Uele province of the Democratic Republic of Congo (DRC). This partnership aims to improve living conditions for local communities and reduce pressure on natural resources around Garamba National Park and the Kibali gold mine.
In the province of Haut-Uele, in the north-east of the Democratic Republic of Congo (DRC), the lack of employment opportunities in the formal sector and the poor diversification of business sectors are hampering economic development and damaging biodiversity. Faced with a lack of opportunities, local populations are turning to poaching, illegal logging and artisanal gold mining.
To reverse this trend, the United States Agency for International Development (USAID) has signed a partnership between its “Alliance for the Protection of Biodiversity and Development” (APBD) project, implemented by Adam Smith International (ASI), and Sofibanque, a commercial bank based in Kinshasa. The project aims to improve the living conditions of local communities and reduce pressure on natural resources around Garamba National Park and the Kibali gold mine.
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USAID’s APBD project will achieve its objectives by mobilizing the resources of public and private partners, in the form of subsidized interventions, partnerships and cost-sharing agreements, or as an intermediary between third parties. These interventions are structured around four components. Improving access to economic and financial opportunities, sustainable private sector development, capacity building for responsible artisanal mining, and integrated and effective management of Garamba National Park.
“By combining the experience and financial products provided by Sofibanque with the expertise of ASI and Global Communities in supporting SMEs, the APBD project aims to demonstrate that supporting local small and medium-sized enterprises (SMEs) is a powerful way of diversifying the local economy and creating jobs. In addition, it is a means of creating market opportunities that will encourage communities to engage in more sustainable livelihoods and reduce their pressure on the protected areas of Garamba National Park,” said Kevin Kiffer, APBD Project Manager.
The APBD project is the second of its kind to be launched in Haut-Uele province in the space of 7 months. In May 2023, the United Nations Development Programme (UNDP) office in the DRC, the Korean Embassy, and the DR Congolese Ministry of the Environment launched the Integrated Program for Reducing Emissions from Deforestation and Forest Degradation (REDD+) in Haut-Uélé province. Funded by the Republic of Korea ($9 million) and the UNDP ($1 million), the project aims to combat climate change and improve economic conditions for indigenous populations.
Boris Ngounou
