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The town of Luangwa in eastern Zambia has been hit hard by flooding in recent years, leading to business closures and economic disruption.
The town relies heavily on local revenue sources, like markets and shops, for its budget.
Overall revenue collection was meeting 92% of estimates, but revenue specifically from local sources languished at just 74% of expectations in 2022.
Not only did this impact the council's expenditures and services, but a portion of the tax proceeds had to be spent on tax collection itself.
Faced with this crisis, Zambia officials developed a multi-pronged strategy focused on long-term financial health, economic pivoting, and tapping new revenue streams.
According to a detailed report by local officials, Luangwa has implemented an innovative program to increase revenue collections and economic stability in the face of mounting climate change impacts.
The town's ability to pivot to market changes increased by 50%.
Total revenue available for investment and growth increased 38% from 2021 to 2022.
Engagement efforts led to a 30% increase in community participation in Town Council meetings.
This boosted input on spending priorities.
Economic stability during downturns improved by 40% due to diversified revenue sources.
The town's ability to pivot to market changes increased by 50%.
The new market has already drawn many new women shopkeepers.
An 80% increase in women
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Colombian Social Entrepreneur Hopes to Shake and Change the World
Young at 24, Juan David Aristizabal Ospina is a social entrepreneur who founded Buena Nota, a platform that accentuates social entrepreneurs and citizens in Colombia making positive changes and raising awareness about social problems that need to be addressed.
