Lake Victoria Basin Resource Efficiency and Cleaner Production [NDF C94]
The Lake Victoria Basin Resource Efficiency and Cleaner Production project aims at catalysing private sector investment in cleaner and more efficient industrial production and supply chains throughout the Lake Victoria watershed basin.
Regional Africa
Lake Victoria Basin Resource Efficiency and Cleaner Production
Ref: NDF C94
NDF Grant: EUR 4,000,000
Project Period: 2017-2019
Partner Agency: World Bank
Implementing Agency: World Bank and Lake Victoria Basin Commission
Objective
The Lake Victoria Basin Resource Efficiency and Cleaner Production (LVB-RECP) project aims at catalysing private sector investment in cleaner and more efficient industrial production and supply chains throughout the Lake Victoria watershed basin. It is regional in scope covering the five East Africa Community (EAC) member countries (Burundi, Kenya, Rwanda, Tanzania and Uganda) and falls under the World Bank-led Lake Victoria Environment Management Program Phase 2 which targets improved management of critical natural resources within the Lake Victoria basin.
RECP activities piloted previously under the same World Bank program led to over USD 80 million in direct investments by private sector firms operating around the Lake basin in upgrades to systems, processes and technologies. These investments resulted in savings to the firms, improvements in management and conservation of critical natural resource inputs, notably, water, and greenhouse gas emissions reductions due to more efficient electricity usage.
The aim for the new project is to build awareness around RECP successes to date and scaleup the reach and leverage of the project with new partners, including small and medium-sized enterprises (SMEs), in new value chains.
It links well with other NDF financing in the region and positions NDF as a rising partner for green growth and climate resilience in the 5 country EAC region.
Financing
The overall project cost for LVB-RECP is approximately USD 4.4 million out of total financing to the World Bank Lake Victoria Program of approximately USD 164 million, including the NDF grant. All activities under LVB-RECP will be fully financed by NDF. Results from the project will feed into the design and implementation of future phases of World Bank led activities in the Lake basin.
NDF Contact
Program Manager Martina Jägerhorn
Telephone +358 10 618 002
