Kenya Forest Service (KFS) and Blue Capital, an investment company dedicated to ecosystem restoration initiatives, have recently entered into a Memorandum of Understanding (MoU) in a bid to advance sustainable forest conservation efforts.
The partnership was announced in a statement on Wednesday April 10 where the KFS stated, “Kenya Forest Service has entered into a Memorandum of Understanding with Blue Capital, an investment company dedicated to creating, funding, and executing ecosystem restoration initiatives.
They noted that the partnership aims to enhance forest restoration through climate technology funding and facilitating investments in nature.
In the statement, KFS noted that this initiative aligns with the National Landscape and Ecosystem Restoration Strategy 2023-2032 and the presidential directive of planting 15 billion trees by 2032.
KFS Chief Conservator of Forests’ Remarks
Alex Lemarkoko, Chief Conservator of Forests, expressed his enthusiasm for the agreement, stating that it strengthens the partnership by leveraging the combined strengths of both organizations to source and structure forest investments.
He also noted that partnership is expected to generate financial returns while also addressing the climate crisis.
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“This agreement strengthens an impactful partnership leveraging our combined strengths to source and structure forest investments that generates financial returns but also contributes to climate-positive and improved conservation outcomes.” said Alex Lemarkoko.
The partnership is expected to contribute to a more climate positive and improved conservation outcomes, signaling a proactive approach towards combating climate change and fostering forest growth.
Blue Capital’s Innovative AI technology
Blue Capital’s innovative AI-based technologies, such as M-situ, are at the forefront of this collaboration, with KFS noting that they are redefining forest monitoring capabilities and enabling real-time responses to imminent threats facing Kenya’s forests.
This technological advancement underscores the commitment of both KFS and Blue Capital to embrace cutting edge solutions in their shared mission to address the pressing challenges of climate change and forest conservation.
Dan Nguchu, Chief Operations Officer at Blue Capital, emphasized the company’s commitment to promoting sustainable forestry practices and projects that positively impact local communities and the nation at large.
“Blue Capital is committed to tackling climate change and promoting forest growth…We will continue to provide support to build sustainable and innovative solutions in collaboration with KFS.” he added.
Comprehensive financial support
Besides providing technical expertise, the MoU also includes comprehensive financial support, underscoring Blue Capital’s commitment to ensuring the successful realization of KFS’s strategic objectives.
“Our MoU is not limited to technical expertise but extends to comprehensive financial support, demonstrating our commitment to ensuring the success of KFS overall strategic objectives.” said Dan Nguchu.
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This collaborative initiative is a significant step towards achieving Kenya’s environmental goals while fostering innovation and sustainability in forest conservation.
The partnership represents a commitment to addressing the climate crisis by leveraging private sector collaboration to achieve conservation and financial objectives.
