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KEPSA Commits Over Ksh6.4B Towards National Tree Growing Campaign

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Kenya’s private sector has to date contributed a total of Ksh6,448,998,000 to the national tree growing campaign, in an effort to further demonstrate the sector’s commitment to engage in public-private partnerships anchored on sustainable solutions geared towards increasing Kenya’s forest cover. 

Speaking during the launch of the accelerated national tree growing campaign at State  House Nairobi on May 27, 2022, Kenya Private Sector Alliance (KEPSA) CEO Ms Carole Kariuki expressed the commitment of the business community to partnering with the Government in combating the challenges arising from climate change. 

Ms Kariuki noted that the Government through the Ministry of Environment and  Forestry has been leading efforts to accelerate the attainment and maintenance of at least 10 percent of tree and forest cover in the country. Through a multistakeholder approach  and support from partners drawn from the public, private and civil society sectors,  Kenya’s tree and forest cover currently stood at 12 percent and 8.8 percent respectively, a great  achievement and an assurance of Kenya’s commitment to realizing her national and  global targets. 

President Uhuru Kenyatta on his part noted that his government had placed the  environment at the center of his economic development, observing that the roundtable  meeting signified the start of an ambitious but fulfilling journey of increasing Kenya’s  forest cover to at least 30 percent by 2050. He called on the private sector to continue  supporting this agenda and reiterated that Kenya will continue honoring commitments  to combating climate change and being the benchmark for global action in  commemoration of the Stockholm+50 conference. 

In his remarks, C.S Keriako Tobiko noted that in 2013, Kenya’s forest cover stood at  7.2 percent and dropped to 5.9 percent in 2018. He appreciated the progress made through Public Private partnerships which have led to the current 8.8 percent and 12.13 percent forest and tree  cover respectively. While appreciating the Private sector’s contribution to this  achievement, the C.S noted that “This was not just philanthropic but a commitment to  build a more sustainable future.” 

As a partner to the national tree growing campaign, one of KEPSA’s key strategic pillars  is sustainability and more so sustainability actions anchored on nature-based solutions  and promoting a circular economy. To firm up KEPSA’s commitment, KEPSA’s CEO Ms  Carole Kariuki announced the forest action measures undertaken by the private sector such as adoption of forests and water towers, tree growing in partnership with schools countrywide, TVET institutions, colleges  and universities, the National Prisons Service, regional development authorities  and county governments and innovations in the replacement of heavy fuel oils in factories through sustainable  fuel alternatives such as biomass and the installation of biomass factories boilers. 

Read: KEPSA Renews 10-year MoU With MEDEF To Support Kenyan, French Businesses

>>> How SMEs Can Utilize Capital Markets – CMA Offers Advice After KEPSA MoU

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BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
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