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The new Times – Rwanda
The National Bank of Rwanda has again cut its repo rate from 5.5 per cent to a flat five. It had last revised the rate in December 2017 when it stood at 6 per cent.
This constant revision downwards is an indication that the economy is healthy and can withstand any market shock. The outlook seems positive with inflation lying at just 1 per cent and commercial banks posting bumper profits.
But that economic windfall is not translated into ease of access to financing, especially for farmers who in the past have been locked out of the lending equation because of the high risks associated with agriculture.
Unpredictable weather patterns and disease could wipe out an entire season’s production. But now that nightmare is about to be history with the announcement last month of the introduction of agriculture insurance.
That must have sounded like music to the farmers’ ears as their fortunes would no longer be pegged to uncertainties.
Central banks usually reduce the repo rate to stimulate lending on a larger scale but it seems the commercial banks are not biting. While many banking products have been introduced, especially with the advent of mobile and online banking, the interest charged makes borrowing a no-go area for many.
Commercial banks have failed to fall in the central bank’s logic despite their high profit margins and healthy investment climate that is continuing to attract foreign direct investment and acquisitions.
The recent announcement that Equity Bank has made its intentions known to acquire a controlling stake in BPR Atlas Mara is an indication of the trust the banking sector exudes. So, the central bank’s goodwill should not go to waste but the common man should also partake in the feast by enjoying lower interest rates.
The Herald - Zimbabwe
By: Emmanuel Koro
The Botswana’s Minister of Environment, Natural Resources Conservation and Tourism Onkokame Mokaila said that if Africans do not use their wildlife, they would remain beggars forever.
Minister Mokaila said that the biggest threat to successful wildlife conservation and to economic well-being in Africa is because the outsiders (Western countries and animal rights groups) continue to dictate to Africa on how it should manage and use its wildlife as if we don’t know how to do it ourselves.
He warned animal rights groups that they are not welcome in Botswana.
“As sovereign African states, we have now decided that we are no longer going to be dictated to by Western countries and animal rights groups on how to manage and use our wildlife,” said Minister Mokaila.
“We have abundant natural resources in Africa, including wildlife and it is us sovereign African states who should decide how to manage and use them.”
In fact, Southern African governments made that decision about two months ago in Victoria Falls, Zimbabwe at the Kavango Zambezi (KAZA) Transfrontier Conservation Area Meeting for Environment Ministers.
Minister Mokaila is one of Botswana’s longest-serving ministers who believes that the reason why President Mogkweetsi Masisi re-appointed him as Environment, Natural Resources Conservation and Tourism Minister was to ensure that natural resources (including wildlife such as elephants) benefit the people who share the same land with them.
“The reason President Masisi re-appointed me as Environment, Natural Resources Conservation and Tourism (Minister) is because he believes that Government resources alone cannot deal with challenges before us. President Masisi believes that communities must reap rewards for good conservation.”
Sadly, Minister Mokaila said that Botswana communities’ conservation rewards were suddenly stopped in 2013 when former President Ian Khama imposed a ban on elephant hunting without consulting his people.
Fortunately, President Masisi stepped in without delay to restore the hopes of the Botswana rural communities such as those from wildlife-rich Chobe District that they can once again benefit from elephant hunting. It generates most of the hunting revenue. This followed President Masisi’s public statements on Botswana Television and other media platforms locally, regionally and internationally, signalling his intention to begin elephant hunting.
“I support President Masisi 100 percent that elephant hunting must come back as we have heard him say that on local television station and in different media,” said a resident of Parakarungu Village, Chobe District, Mr David Mbanga.
Mr Mbanga said that the former President Ian Khama-imposed ban on elephant hunting came as a disappointment because he never consulted them. Incredible.
He said even his late father Seretse Khama would have been very disappointed to see that his son was taking away wildlife benefits from the people.
“President Seretse Khama used to give us buffaloes for meat annually. Now his son has sadly failed to follow in his father’s footsteps.”
According to local residents, the Ian Khama’s ban in elephant hunting was like telling a supermarket to sell only sweets without major commodities that bring money. When that happens, a businessman has to close shop immediately because the business would not be viable.
This is how former president Khama collapsed Botswana’s hunting industry with hundreds of jobs being lost in what seemed to be a moment of madness.
A farmer from the elephant-rich Chobe District, Mr Mbanga said that former President Khama also devalued the elephants when he banned elephant hunting. Without elephant hunting benefits, Chobe District villagers, like everyone else in Botswana, did not see the need to conserve elephants because this brought costs without benefits.
“The costs include killing our loved ones,” said Mr Mbanga. “We have just buried one of them today here in Kasane.
“Elephants have also destroyed our properties. In fact, we can no longer grow crops because elephants are always destroying them. Therefore, I support President Masisi’s intention to lift the ban on elephant hunting because hunting can help us thin-out the large elephants herds and also minimise human-wildlife conflict as people begin to received benefits from elephants.”
“Now we are planning to ensure that when hunting begins, we should come up with a negotiated increase of Chobe communities’ share from hunting revenue because everything has gone up since the ban on elephant hunting in 2013,” said a farmer from Kachikau Village, Mr Richard Tshekonyane.
“Our development wish-list should include the need to build a butchery and bakery in each village as well as engage in any other projects that benefit our people.”
One of Chobe District’s most tangible investments made using elephant hunting revenue was the construction of the upmarket Chobe Enclave Conservation Trust community lodge that they run jointly with private sector partners. The lodge benefits local communities through employment and training their children in different professional disciplines on how to run a lodge.
This investment stands out as Chobe District’s shining example on how elephant revenue can benefit both elephant conservation and socioeconomic development.
The benefits from elephant hunting help people see the need to conserve elephants. They begin to appreciate what is now being increasingly referred to as the elephant economy, where elephants are valued and use to benefit conservation and development.
For example, a Botswana deputy chief from Kavimba in Kachikau Village, the late Luckson Masule is remembered for having impressively admitted that he was once a poacher, but he stopped as soon as his community started benefiting from elephant hunting revenue benefits.
Right across Chobe River in neighbouring Namibia, Carprivi, another Community leader in Salambala Conservancy Mr George Mutwa told a strikingly similar story that he was once a poacher, but stopped as soon as his community started benefiting from hunting revenue benefits.
The same stories were told by community leaders in Zimbabwe, residents in Zambia, South Luangwa and Mozambique’s Tete Province under the Chumachato Project.
The lesson learnt is that the tangible benefits that the rural communities get from hunting revenues positively change southern African rural communities’ attitudes towards supporting wildlife, particularly conservation.
As long as they receive benefits from wildlife, they will look after it. This is the working wildlife conservation model that Western animal rights groups selfishly don’t want the world to know. Why? They fear that without an elephant-poaching crisis, their fundraising industry would collapse, bringing an end to their high salaries and lifestyles.
But Minister Mokaila said he wants the world to know the truth that conservation without the people does not and would never work in Africa.
He said that President Masisi has already assigned him to start engaging Western countries on this issue in the next few weeks. He has been mandated to explain to Western countries, including the USA; what works and what does not work for wildlife conservation, including elephants in Botswana. The people of Botswana want to benefit from their wildlife.
“I find it absolutely hypocritical that on the other hand our Western counterparts say that they are committed towards achieving sustainable development goals that includes poverty alleviation, but on the other hand they are shutting down elephant hunting and ivory trade markets,” said Minister Mokaila.
“They are the biggest threat to wildlife conservation in Africa. What is the incentive for us to look after wildlife if it is not benefiting us.
Minister Mokaila was speaking during the Botswana government-convened Kasane Elephant Summit that was aimed at working towards a common southern African vision for the management of elephants.
President Masisi along with other southern African presidents met this week for the Elephant summit. The people of Botswana in particular were expecting President Masisi to announce the resumption of elephant hunting in Botswana in his speech at the Kasane Elephant Summit.
Meanwhile, Minister Mokaila said that the summit was a great opportunity once again for Botswana to assure its neighbouring southern African countries that “we support the region’s wildlife sustainable use agenda”.
The Kasane Elephant Summit came at a time when many southern African countries were increasingly becoming anxious to know if Botswana had been captured by animal rights groups.
This followed its untoward behaviour and decision to vote for up-listing southern African elephant populations to CITES Appendix I; at the 17th CITES meeting held in Johannesburg, South Africa in 2016.
“This was a directive from former Minister of Environment Tshekedi Khama, without consulting the cabinet,” said Minister Mokaila. He also went against SADC’s pro-sustainable use position without consulting SADC.”
That decision by Botswana’ former Environment Minister Khama was no different from a football player who deliberately scores an own goal on home soil in a World Cup that many would like won on home soil against all odds in order to lift the spirits of its people.
But that was the Botswana of yesterday under former President Khama. The Botswana of today under President Masisi is pro-sustainable use.
“This is why we have invited SADC states to the Kasane Elephant Summit, in order to work towards a common elephant management and use approach in Africa,” said Minister Mokaila.