Absa Bank launches 150,000 mangrove tree reforestation initiative

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Nairobi, Kenya June 26...Absa Bank Kenya kicks off  a 150,000-mangrove tree reforestation initiative at Jomvu Kuu and Majoreni Forests in Mombasa and Kwale Counties.

The initiative undertaken in partnership with the Environmental Interaction Organization, Kenya Forestry Services, and Bidii Creek Conservancy aims at preserving and safeguarding fragile ecosystems along the coastline.

Absa Bank Managing Director. Abdi Mohamed, while speaking during the commissioning of the initiative at Tudor Creek said that the initiative aligns with the bank sustainability agenda and complements the ongoing government 15 billion tree planting agenda.

“As an active force for good, we care about the communities around us and the environment in which we operate. We recognize the critical role that mangroves play in maintaining bio diversity, mitigating climate change, and protecting coastal communities from natural disasters. Said Mr. Mohamed

Mombasa County Forest Conservator Benjamin Muindi said, "Tree planting is no longer a Kenya Forest Service (KFS) affair ,we need partners such as Absa towards achieving the 30 per cent forest cover by planting 15 billion trees by 2032. Let’s plant all tree species to conserve our environment.”

"Mangrove ecosystems also provide livelihood opportunities such as fishing and tourism, contributing to the economic well-being of Tudor and Jomvu communities "Jomvu Member of Parliament, Hon. Badi Twalib said

Ali Muhamed,Bidii Creek Conservancy Chairman lauded the bank, saying “We are proud to collaborate with Absa on this initiative. Their commitment to environmental sustainability aligns perfectly with our mission, and together, we can make a significant impact in protecting and restoring mangrove ecosystems 

Early this year the bank signed a Memorandum of Understanding (MOU) with Safaricom and the Kenya Forest Service to adopt more than five degraded public forests across the country in a bid to reafforest them  Kaptagat Forest, South Kinangop Forest, Njukiini Forest, and Kwa Jomvu Forest are among them

“This year, we are targeting to plant over 1 million trees countrywide as part of our wider commitment to plant 10 million trees by 2025 and become a net zero organization by 2040. We believe our efforts will also scale the government’s efforts towards achieving 30 percent forest cover by 2032.” Mr. Mohamed added.

The bank is also on course to rehabilitate a section of the degraded 100-hectare Sorget Forest in Kericho County.

 

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