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Kenya aims to raise USD 5 billion towards reforestation

November 05, 2021

By Samuel Ouma President Kenyatta has announced that Kenya is implementing an ambitious strategy to set up a USD 5 billion tree fund besides planting an additional two billion trees, among other interventions. Kenyan Head of State announced in Glasgow, Scotland, during a side meeting on "combating climate change by investing in Africa's carbon sinks" at the ongoing 26th UN Climate Change Conference (COP26). On private sector participation in Kenya's forest conservation efforts, the President commended American companies Apple and Gucci for financing the restoration of the Chyulu Hills in the Eastern part of the country. This initiative earned the two multinationals many carbon credits. "We in Kenya are currently implementing an ambitious National Strategy that seeks to enhance protection of our valued forest resources and to develop an additional two (2) billion trees for our country. "My Administration is also establishing a Tree Growing Fund which aims to raise USD 5 billion towards reforestation and I invite all of you to partner with us," he said. The President of the African Development Bank, Dr Adesina Akinwumi, who also spoke at the COP26 side event, said his bank would provide 25 billion USD by 2025 for investment in climate change adaptation on the African continent. Dr Akinwumi congratulated Kenya for its leading role in climate change adaptation efforts in Africa, especially in the uptake of renewable energy, citing the 310MW Lake Turkana Wind Power  in the north-western part of the country as a game-changer

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