Zimbabwe has launched the Biodiversity Finance Initiative (BIOFIN), a program designed to enhance conservation funding, promote the sustainable use of natural resources, and foster inclusive economic growth. Environment Minister Dr. Evelyn Ndlovu announced the initiative at its official launch in Harare, calling it a strategic milestone in the country’s development.
Ndlovu said BIOFIN will help close the gap in conservation financing by assessing current spending, identifying needs, and creating targeted funding solutions. She emphasized that managing Zimbabwe’s wildlife, particularly its overpopulated elephant herds, places a heavy financial burden on the state. Revenue from responsibly managed wildlife stockpiles, she added, is not...