VICTORIA FALLS, Zimbabwe, June 27, 2019/- National parks and other state-owned conservation areas could significantly multiply the revenue they pump into African economies, a Space for Giants Working Paper published today finds.
Bringing new private-sector investment to underfunded protected areas to capitalise on surging interest in nature-based tourism would help fund conservation without draining state finances, while driving sustainable local and national development.
Four of every five tourists to sub-Saharan Africa visits to view wildlife, the Paper’s authors write, while the number of tourists is set to double to 134m by 2030. Tourism already drives 8.5% of Africa’s GDP and provides 24m jobs. Spending on tourism, hospitality and recreation could double to more than $260 billion by 2030.
But the natural assets that give Africa its global competitive advantage – its wildlife and landscapes – are under acute threat and could be lost forever unless they urgently prove their economic as well as ecological value.
Some protected areas receive only one in every ten dollars they need, as governments grapple with financial shortfalls amid competing priorities like health, education, and infrastructure development.
The paper, Building a Wildlife Economy: Developing Nature-Based Tourism in African State Protected Areas, will be presented today to Africa’s leaders and conservation authorities at the African Union and UN Environment Africa Wildlife Economy Summit in Victoria Falls, Zimbabwe.
It sets out a pioneering Toolkit that in seven simple steps can guide protected area authorities to attract new international investment to fund national parks while also conserving environments and providing socio-economic benefits.
Using the Toolkit, models on several example protected areas in Africa predicted revenue increases of between four and eleven times within a decade.
The paper was co-authored by Space for Giants, an international conservation organisation headquartered in Kenya, and Conservation Capital, a conservation business and finance advisory firm. UN Environment and Space for Giants funded the report.
Dr Lauren Evans, Space for Giants’ Director of Conservation Science, said: “Africa’s unique diversity of wildlife and habitat has the potential to radically transform the continent’s economy. At present few State Protected Areas are meeting their potential as engines for growth. This presents a major opportunity for governments. Cared for and sustainably developed, these are national assets that can provide significant financial and social returns now and long into the future.”
Combining analyses of existing research and pioneering proven approaches to increasing revenue in Africa’s protected areas, the authors found:
- Africa’s 8,400 protected areas annually earn $48 billion from 69 million visits
- $1 spent by a nature-based tourist in Africa is worth $1.79 to local economies
- Tourism generates 40% more jobs than the same investment in agriculture
Under the direction of President Yoweri Museveni, Uganda has embarked on a pilot conservation investment process guided by Space for Giants’ Giants Club initiative, using each of the steps in the Toolkit.
More than $60m of new investment in the country’s protected areas is expected to be unlocked when contracts are issued in the coming weeks for a series of new high-end lodges built by Africa’s leading responsible tourism operators.
Space for Giants anticipates new similar conservation initiatives to be announced at the Summit for countries in west and southern Africa.
Oliver Poole, executive director of the Giants Club, said: “What this Working Paper details is not only the boost to an African country’s economy that comes from developing tourism to its national parks in a sustainable way, but also the steps that governments can best take to secure that share of the tourism market.
“If they implement the toolkit laid out in this report they will not only help secure the long-term future of their wildlife and the landscapes they rely on but also will draw on foreign investment, create jobs and raise the GDP of their nation.”