Kenya Forest Service (KFS) and Blue Capital, an investment firm committed to developing, financing, and carrying out ecosystem restoration projects, have signed a Memorandum of Understanding (MoU).
The arrangement intends to enable investments in nature and improve forest restoration operations by providing financing for climate technology.
Together with the Presidential decree to plant 15 billion trees by 2032, the collaboration is in line with the National Landscape and Ecosystem Restoration Strategy 2023–2032.
Blue Capital is responsible for the development of cutting-edge artificial intelligence (AI) products including the early warning system M-situ, which is revolutionising the field of forest monitoring and enabling quick reactions to threats to Kenya's forests instantly.
The agreement, according to Mr. Alex Lemarkoko, Chief Conservator of Forests, strengthens an effective partnership by utilising combined strengths to source and structure forest investments that not only produce financial returns but also improve conservation outcomes and have a positive impact on climate change.
According Lemarkoko, KFS is dedicated to working with private investors to confront the climate challenge as a group.
Chief Operations Officer of Blue Capital, Dan Nguchu, stated that the organisation was dedicated to supporting sustainable forestry initiatives and practices in order to improve their influence on regional communities and the nation.
“Blue Capital is committed to tackling climate change and promoting forest growth. Our MoU is not limited to technical expertise but extends to comprehensive financial support,” said Nguchu.
He added, “Demonstrating our commitment to ensuring the success of KFS overall strategic objectives. We will continue to provide support to build sustainable and innovative solutions in collaboration with KFS."