New directors appointed to the Cubango-Okavango River Basin Fund

New directors appointed to the Cubango-Okavango River Basin Fund

Seven new directors have been appointed to the Cubango-Okavango River Basin (CORB) Fund which aims to strengthen ecosystem resilience and improve livelihoods in the Cubango-Okavango River Basin – a major water system that stretches across Angola, Botswana and Namibia.

The Cubango-Okavango River Basin is recognised globally as one of the world’s greatest natural wonders. It is a unique inland delta that is home to many species of wildlife and is epitomised by its status as a Wetland of International Importance (Ramsar Site) and UNESCO World Heritage Site.

The CORB Fund was set up to finance the sustainable development of the region’s natural resources and deliver equitable benefits for all inhabitants. The main sponsors of the Fund are the Nature Conservancy, and the governments of Angola, Botswana and Namibia, represented by the Permanent Okavango River Basin Water Commission.

The Fund recently announced the appointment of seven new directors – three from each of the riparian states and four independent experts who will oversee the business and affairs of the company to ensure it delivers on its purpose.

Their appointment marks a milestone in the operationalisation of the Fund and the completion of the most important governance structure which renders the Board now fully established:

 

Rui Quivota – Government Representative, Angola

Bogadi Mathangwane – Government Representative, Botswana

Benedict Libanda – Government Representative, Namibia

Viviane Kinyaga – Independent Technical Specialist

Innocent Magole – Independent Technical Specialist

Tobbie Bovino – Independent Innovative Finance and Investment Specialist

Magalie Massamba – Independent Legal Specialist

 

The Climate Resilient Infrastructure Development Facility (CRIDF) has been playing a critical supporting role to the Fund – helping to mobilise finance and advise partners on the best way to select, manage and implement projects.