Sustainability - Marquee
Live Auction & Partnership for Africa Marquee
The Live Auction and Silent Investing components of the “All the Right Reasons” inaugural fundraising event are designed to be a fun and interactive way for guests to explore and learn about the impact of their contribution to Lundin for Africa and imagine1day’s development projects in Africa. The live auction features a once in a lifetime trip to Africa. Over the course of ten unforgettable days the highest bidder and their guest will travel to three countries to experience Africa’s rich culture, its distinct wildlife and landscape and its promising future. Visit our Partnership for Africa Marquee and immerse in each stage of our sustainable development projects in Africa.
Capacity Building
Quality Primary Education:
In sub-Saharan Africa there are an estimated 38 million children out of school. Lack of education perpetuates a cycle of poverty, disease and political instability. By constructing schools, building the capacity of teachers, and providing supplies and teaching aids, common barriers that prevent children from attending school are removed. With this basic infrastructure in place, a school flourishes at the heart of its local community and becomes a catalyst for change. Lessons in health and hygiene, basic life skills and income generation are adopted by households and a new trajectory becomes possible. Education is much more than simply learning the alphabet or memorizing time’s tables. It is the door to change.
Latrines & Access to Safe Water:
Girls represent 60% of all children out of school. The assurance of privacy, safety and hygiene that a latrine provides encourages parents to send their young girls to school. The education of girls contributes to higher economic productivity, lower fertility rates, and improvements in the health and well being of families. An educated girl becomes an educated woman with the confidence and power to make better choices for herself and her children.
Value Chain Development
Micro Finance & Village Savings and Loans:
Poor people in developing countries engage in financial transactions on a daily basis. They need to pay for food and medical care, invest in schooling and small businesses, and protect themselves against risks such as illness and drought. The development of village savings and loans associations, together with micro-finance and technical assistance in credit and portfolio management, are critical to assisting the poor to manage cash flow, build assets and improve long-term financial security.
Irrigation & Agriculture:
Water scarcity and inefficient water use remain significant barriers for African farmers. Over 90 percent of Africa’s poor farmers depend entirely on rainfall to sustain their crops, which is neither efficient nor predictable. Only 4 percent of farm land in Africa is irrigated, compared to 37 percent in Asia. The importance of agriculture for poverty reduction goes well beyond its direct impact on rural incomes; agricultural growth, particularly through increased productivity, also reduces poverty by stabilizing and lowering food prices, increasing employment for the rural poor, and increasing the demand for non-farm goods and services.
Private Sector Development:
The provision of targeted below-market growth capital, alongside technical and management assistance, is essential to spur job and wealth creation by addressing the gap between microfinance, on the one hand, and commercial banks / pure equity funds on the other. Such funds empower high potential local entrepreneurs who are unable to access funding through conventional channels, move upwards along the value chain. Every dollar invested in small- and medium-sized business in developing countries generates an estimated $12 in economic activity.
