Nairobi, Kenya, 22 May 2013 – International
Day for Biodiversity — IFC, a member of the World Bank Group, is partnering
with non-profit organizations PhytoTrade Africa, and the Union for Ethical
BioTrade to promote ethical sourcing of products by the private sector
in Tanzania, Mozambique and Malawi. The partnership will contribute to
protect nature and reduce poverty in these countries.
Africa is rich in biodiversity and there are many opportunities for ethically
sourced African products in the cosmetics and food sector.
Rik Kutsch Lojenga, Executive Director of Union for Ethical Biotrade said,
“When we asked 5,000 consumers what would make them purchase a product
containing natural ingredients from Africa, protecting biodiversity and
improving livelihoods of African producers were the two most popular responses.
This partnership will allow us to build on this opportunity and promote
ethical sourcing of biodiversity in Mozambique, Malawi and Tanzania.”
Through ethical sourcing practices, cosmetics, food and beverage companies
can make an important contribution to the conservation of biodiversity.
The United Nations has proclaimed May 22 to be the International Day for
Biological Diversity to increase understanding and awareness of biodiversity.
Sara Clancy, Manager for IFC’s Sustainable Business Advisory Program in
Africa, said, “In East and Southern Africa, the private sector is seeking
to understand how to address biodiversity and conservation issues when
dealing with products that come from rural and forested areas. Through
the new agreements, IFC and the BioTrade partners will guide companies
on how to source, process and sell products without harming the environment
In Malawi and Mozambique, IFC and PhytoTrade will work with the baobab
and mafura supply chains to increase market access and create linkages
between local producers and large international organizations. The number
of international buyers for baobab and mafura products in the two countries
has been rising rapidly, leading to new investment opportunities. In Tanzania,
IFC and the Union for Ethical BioTrade will work to strengthen the allanblackia
supply chain and promote market uptake of this vegetable oil.
John Cheesmond CEO of PhytoTrade Africa commented, “We are very pleased
to secure this funding from the IFC to work on these important projects
in Southern Africa. Baobab oil is now included in numerous cosmetic formulations,
whilst we continue to develop baobab powder as a nutritional ingredient.
In the future, Mafura may offer an alternative to palm oil and contribute
to the regeneration of an industry in Mozambique. PhytoTrade looks forward
to working on these projects over the next three years.”
The partnership is co-financed by the BioTrade Trust Fund, which is administered
by IFC and aims to reduce poverty and conserve biodiversity by expanding
the BioTrade market. It is financed by the Governments of Denmark and the
Netherlands. The partnerships are part of IFC’s Sustainable Business Advisory
program, which works with companies across Africa to promote sustainable
practices to create employment, encourage growth, address climate change
and protect local communities.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, mobilizing
capital in international financial markets, and providing advisory services
to businesses and governments. In FY12, our investments reached an all-time
high of more than $20 billion, leveraging the power of the private sector
to create jobs, spark innovation, and tackle the world’s most pressing
development challenges. For more information, visit www.ifc.org
About PhytoTrade Africa
PhytoTrade is a non-profit organization dedicated to facilitating the development
of an enduring and equitable natural products industry based on resources
accessible to poor rural communities in Southern Africa. It acts as a representative
body for SMEs with a membership of nearly 60 members in eight countries
(Botswana, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia
and Zimbabwe). For more information, visit www.phytotradeafrica.com
About The Union for Ethical BioTrade
The Union for Ethical BioTrade is a non-profit association that promotes
the 'Sourcing with Respect' of ingredients that come from biodiversity.
Members commit to gradually ensuring that their sourcing practices promote
the conservation of biodiversity, respect traditional knowledge and assure
the equitable sharing of benefits all along the supply chain. For more
information, visit www.ethicalbiotrade.org