Joining forces with WWF to promote the restoration of the Nyamwamba river in Uganda

Zurich and Kampala, June 13, 2019 – responsAbility Renewable Energy Holding (rAREH) and the World Wide Fund for Nature (WWF) Uganda are teaming up for a USD 240,000 restoration project on the Nyamwamba River Watershed in Western Uganda. The 5-year project focuses on protecting important water catchments for socio-economic development. While aiming to improve the livelihoods of 900 households in the region, it will also benefit a 7.8 MW hydropower plant that is being developed by a responsAbility renewable energy holding on the Nyamwamba river.

The Nyamwamba is part of the Nyamwamba River Watershed, which covers an area of approximately 750 hectares in Western Uganda’s Kasese district. It is a key natural resource, safeguarding water for domestic use for over 1 million people and supplying water for a variety of industrial users including hydropower and mining companies. These water-dependent industries are key economic growth engines and major employers in the region and beyond.

The main economic activity in the area is subsistence farming, with cultivated land of two acres on average per household. Coffee is the major cash crop grown in the watershed. The cultivated land with slopes of on average 25% in the landscape has been heavily eroded and yields are limited due to fragile soils and poor farming techniques that exacerbate soil degradation.

Through its Technical Assistance Facility, rAREH supports the restoration project focusing on protecting important water catchments for socio-economic development as well as biodiversity conservation. The project uses a Payments for Watershed Services (PWS) approach-an innovative sustainable financing mechanism aimed at encouraging private and public sector agencies to actively engage in supporting and financing ecosystem conservation.

The project aims to restore degraded hotspots, mitigate siltation and associated flooding risk and improve water quality and flow variability. By mobilizing land owners for Sustainable Land Management (SLM) interventions to increase farm productivity, the project wants to improve community livelihoods upstream while at the same time ensuring sustainable water supply to the many users downstream and beyond. Thanks to this project, alternative sources of income will be created for the local communities. By improving livelihoods of some 900 families the project also supports the Ugandan government’s effort of increasing wealth at the household level, also related to SDG 1 ‘end poverty in all its forms everywhere’.

Supporting and safeguarding this watershed is expected to result in improved water quality and flow also at the intake point of a 7.8 MW hydropower project which is currently being developed by rAREH and their partner SAEMS in the Kasese District. The project will be connected to the Nkenda substation, which is of strategic importance for Western Uganda. Construction of the plant is to commence in June 2019 and to reach commissioning in Q2 2021.

Commenting on the importance of this cooperation, David Duli, Country Director at WWF Uganda, explained: “Following the concept that commercial users of natural resources should contribute to their upkeep, we are thrilled to team up with responsAbility for this triple-return project that will contribute to restoring a degraded ecosystem, improving livelihoods of local communities and, at the same time, ensure consistent water input for the planned hydropower plant.”

responsAbility Renewable Energy Holding’s Executive Director Joseph Nganga added: “Over 15 years of pioneering impact investing in emerging economies responsAbility has demonstrated how for-profit investments can drive development and benefit local communities. This beautiful cooperation with WWF Uganda will allow us to create long-term value for all parties involved.”


Contacts

responsAbility Investments AG
Ulli Janett, Media Relations
+41 44 403 06 33
ulli.janett@responsAbility.com

Susan Tumuhairwe, Project manager
WWF Uganda
+256 701717586
stumuhairwe@wwfuganda.org

 

About WWF
WWF is one of the world’s largest and most respected independent conservation organizations, with over 5 million supporters and a global network active in more than 100 countries and territories. WWF's mission is to stop the degradation of the Earth's natural environment and to build a future in which humans live in harmony with nature, by conserving the world's biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. 

Legal Disclaimer

This information was produced by responsAbility Investments AG together with its partners with the greatest of care and to the best of its knowledge and belief. However, responsAbility Investments AG provides no guarantee with regards to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this information material are those of responsAbility Investments AG at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This material is provided for information purposes only. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law. Neither this information material nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person. responsAbility Investments AG is not an investor and does neither provide direct nor indirect financing. The mentioned investments in the specific markets, countries, companies, institutions, instruments, or sectors are exclusively transacted by the investment vehicles managed or advised by responsAbility Investments AG. Every investment involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that the foreign currency might lose value against the investor's reference currency. It should be noted that historical returns and financial market scenarios are no guarantee of future performance.

Copyright © 2019 responsAbility Investments AG. All rights reserved.

 

Go back