A high-level policy seminar on wealth and natural capital accounting in Gaborone was attended by over 90 participants including senior Botswana Government officials.
The Wealth Accounting and Valuation of Ecosystem Services Partnership (WAVES) is working with the Government of Botswana to ensure the economic contribution from the country's natural capital will be used to inform policy decisions. "Botswana's key to economic diversification may lie in nature-based tourism supported by its rich ecosystems," said WAVES Coordinator for Botswana, Mrs. Portia Segomelo.
WAVES’ Global Engagement Head, John Matuszak, writes about his trip to the Okavango Delta with ministers and senior officials from five African countries on the sidelines of the Gaborone Conference.
The signatory countries agree to set up an interim secretariat to help countries with technical and financial support on implementing natural capital accounting.
High-level political buy-in for natural capital accounting in Botswana has helped the country advance on WAVES work.
A workshop on water accounts and statistics held May 8-10 brought together participants from the national statistics offices and water, environment ministries, and other agencies from Botswana, Mauritius, Namibia, Seychelles, South Africa, and Zimbabwe.