Business plans for six eco-friendly bankable projects to fight climate change are now awaiting financing. The six projects aimed at ensure sustainable development, preserve biodiversity and fight climate change were selected out of more than 100 projects submitted following a call for tender by the World Wide Fund for Nature (WWF), within the framework of the project, mobilizing more for the climate (MoMo4C), in early 2022.
Local organizations that initiated the projects met with development experts in Bertoua, chief town of the East Region of Cameroon on May 26 and 27, 2022 to technically fine-tune their projects and render them bankable. “Our role is to give technical assistance to beneficiaries. We held the first meeting after their projects were selected some months ago. The aim was to have an idea on what they intended to do and the type of assistance they needed. After the first meeting, we realized that it was going to be difficult to give them technical assistance from a distance. That is why after concerting with WWF we convened this second workshop to come out with a business plan for each project to interest potential investors,” Hervé Azemtsa, development expert indicated.According to Roberty Essama, Business and Industries Coordinator, WWF Cameroon, “Mobilizing more for the Climate” is aimed at developing a commercial environment that enables local communities to develop bankable climatic projects within the Cameroon segment of the TRIDOM landscape. It is a five-year program aimed at bringing together, on a common platform, entrepreneurs, firms, political leaders, investors and civil society organizations to propose projects that are attractive, promote the green economy in order to fight against the adverse effects of climatic change in developing countries.The program is particularly focused on indigenous projects that seek to promote cocoa farming, community forests and non-timber forest products, create a resilient environment to the climate while improving on the livelihoods of the local communities especially indigenous Baka, women, children and the elderly.
Sébastian Chi Elvido
