Doing Sustainable Business in Africa: Tools and Innovations for the Valorization of Genetic Resources in the II Pan African Community of Practice
2 Jul 2019
Under the auspices of the Ministry of Environment, Energy and Climate Change (MEECC) of the Republic of Seychelles, in partnership with the United Nations Development Program (UNDP) through the UNDP-GEF Global ABS Project “Strengthening human resources, legal frameworks, and institutional capacities to implement the Nagoya Protocol”, around 60 participants representing a wide array of development practitioners and experts, from state actors, researchers and academia, private sector, local communities, civil society and the media will gather for the 2nd edition of the Pan African Community of Practice Series that will take place from 8-11 July 2019 in Mahé, Seychelles.
Africa’s bio-economy can enable a transformational change to up-lift people from poverty, boost economic growth while ensuring that resources are sustainably used. From blue economy to wildlife economy, there are many examples of how a bio-economy development pathway for Africa can be fulfilled by putting in place sound bio-sciences’ policies to foster knowledge-driven bio-innovations which translate into a wide range of R&D based products and services.
This clearly illustrates how biological and genetic resources, can be a driving force towards seizing a wide array of development co-benefits from job creation and economic growth in R&D sectors such as biotech start-ups, to make a business case for the sustainable use of biodiversity and leverage innovative environmental finance for its conservation.
Genetic resources, an opportunity
Aware of the potential of their bio-economies, African nations are working towards engineering successful ABS partnerships by investing in capacity building to draft good contracts, designing user-friendly and efficient monitoring systems, and by boosting the functionality of domestic ABS regimes which effectiveness will be measured by their legal certainty, clarity, ease of doing business and the impact of subsequent ABS partnerships on economies, development and environment.
Following the 1st edition “The Road to COP14” held in Kigali on August 2018, this 2nd edition will focus on tools and innovations to add values to Africa’s genetic resources by developing meaningful valorization strategies to foster bio-discovery partnerships, attract ABS investments along bottom-up ABS value chains and yield broader development dividends in contribution to the SDGs.
Tools and innovations such as the “Valorization Workbook” featuring the “Time for ACTION! Valorization Tool and the “Gender Toolkit” featuring the “MIND Your Step! Gender Tool” will be launched to support ABS country teams build critical capacities in countries eager to translate their biodiversity potential and domestic ABS measures into biodiscovery partnerships, business opportunities and broader development dividends.
About 60 participants from 9 countries are gathering in Mahé, Seychelles for this landmark Pan African gathering, namely Algeria, Botswana, Comoros, Ethiopia, Kenya, Morocco, Rwanda, Seychelles, and Sudan. The CoP was designed to serve as an innovation Lab around key experimentation zones, to disseminate innovative thinking, lessons learned and best practices emanating from valorization cases conducted on different pilots in various African countries supported by the GEF, UNDP and other development partners.
About the II Pan African Community of Practice
This 2nd edition of the Pan African Community of Practice Series will be structured over 4 days around key experimentation zones at the nexus of 1) Doing Business in Africa, the economic potential of genetic resources, 2) Introducing tools and innovations to develop ABS value chains and engineer a wide range of ABS partnerships especially with businesses to attract private investments, and 3) Increasing the political profile of ABS to fast-track the adoption of domestic ABS measures and the development of business-friendly strategies and policies to unlock the potential of bio-economy. Country representatives, guest speakers and experts will share their experiences and expertise to enable participants address key challenges hindering countries from translating the potential of their genetic resources and associated traditional knowledge into business opportunities and development co-benefits.
View the agenda of the event here.