• Latest
Bezos Earth Fund announces $22.8 million for locally led restoration in Africa

Bezos Earth Fund announces $22.8 million for locally led restoration in Africa

3 months ago
Kabuleta’s NEED blames political leaders for ignoring demolitions in Makindye

Kabuleta’s NEED blames political leaders for ignoring demolitions in Makindye

1 day ago
Parents called upon to be vigilant on school children during holiday

Parents called upon to be vigilant on school children during holiday

1 day ago
Niger ends 2 EU security missions as it welcomes a Russian delegation

Niger ends 2 EU security missions as it welcomes a Russian delegation

1 day ago
Fighting erupts in raging Masai territory as EACRF withdraws

Fighting erupts in raging Masai territory as EACRF withdraws

1 day ago
Staunch Man U Supporter Commits Suicide over wife’s refusal to slaughter their chicken for supper

Staunch Man U Supporter Commits Suicide over wife’s refusal to slaughter their chicken for supper

1 day ago
Azawi in a good relationship with her man

Azawi in a good relationship with her man

1 day ago
Court summons hospitalized widow of Katanga

Court summons hospitalized widow of Katanga

1 day ago
Bad Black comments on ex-lover; regrets meeting him

Bad Black comments on ex-lover; regrets meeting him

1 day ago
State House Anti-Corruption Unit, Civil Society Join hands in a war against corruption

State House Anti-Corruption Unit, Civil Society Join hands in a war against corruption

1 day ago
Carol Nantongo denies being in a relationship with Eddy Kenzo

Carol Nantongo denies being in a relationship with Eddy Kenzo

1 day ago
Thursday, December 7, 2023
Mania Media logo
Advertisement
  • Home
  • World
  • Lifestyle
  • Business
  • Entertainment
  • Sports
No Result
View All Result
Mania Media logo
  • Home
  • World
  • Lifestyle
  • Business
  • Entertainment
  • Sports
No Result
View All Result
Mania Media logo
No Result
View All Result
Home Climate

Bezos Earth Fund announces $22.8 million for locally led restoration in Africa

Admin by Admin
September 11, 2023
in Climate
Reading Time: 4 mins read
Bezos Earth Fund announces $22.8 million for locally led restoration in Africa
ADVERTISEMENT

The Bezos Earth Fund has announces $22.8 million to accelerate the restoration of two African landscapes critical for carbon sequestration, biodiversity and human wellbeing: the Greater Rift Valley in Kenya and the Lake Kivu and Rusizi River Basin in the Democratic Republic of Congo, Rwanda and Burundi.

Bezos Earth Fund President and CEO Andrew Steer announced this funding at the Africa Climate Summit in Nairobi, Kenya September 5.

You might also like

Protestors at COP28 call for additional financing for loss and damage fund

Ramaphosa urges for “new, at scale and appropriate finance” to back vulnerable nations

Climate disaster fund approved at COP28

His announcement followed remarks by  Rachel Ruto, First Lady of Kenya, and Dr. Dorcas Rigathi, Second Lady of Kenya, emphasizing restoration’s vital role in empowering the most vulnerable people to transform their landscapes and livelihoods.

First Lady Ruto announced a bold vision to mobilize African First Ladies as champions of grassroots, women-led restoration across the continent.

The funding is part of the Earth Fund’s $1 billion commitment to landscape restoration globally. It also adds to the $42.2 million granted previously to accelerate Africa’s restoration movement, known as AFR100, and complements recent funding from The Audacious Project and Norway’s International Climate and Forest Initiative (NICFI).

“Africa is home to the world’s largest restoration opportunity and is a critical player in the global fight against climate change, nature loss, and poverty,” said Dr. Steer. “Thirty-four African countries have put forward an ambitious vision to restore 100 million hectares of degraded land by 2030. With these grants we are proud to support the next generation of African institutions that are at the heart of the continent’s restoration movement and begin the vital work of leveraging philanthropy into private investment in restoration.”

The grants, which are still in process, will enable the restoration of 600,000 hectares of degraded land in the Greater Rift Valley, home to Kenya’s water towers and a breadbasket for the region, and the Lake Kivu and Rusizi River Basin, part of the second-largest rainforest in the world and home to five million people. Restoration at this scale can sequester 42 million metric tons of carbon dioxide equivalent by 2050, the equivalent of taking more than 9.3 million gasoline-powered vehicles off the road per year. The grants will:

  • Provide technical assistance to community groups and restoration enterprises in both landscapes. This support will focus on remote sensing, restoration techniques, nursery management, marketing, and financial management.
  • Provide multi-year organizational development support to grassroots African restoration organizations.
  • Strengthen value chains for products and services produced through restoration and attract development finance, public funds, and private investment into restoration projects and businesses.
  • Deliver research and development to improve native tree seed supply and quality, currently a bottleneck to meeting annual tree planting targets in the landscapes.
  • Monitor land cover changes and restoration impacts using data from Land & Carbon Lab.

“Locally led and managed restoration efforts are more likely to deliver long term success and can bring climate and biodiversity benefits along with economic prosperity for communities. The bottom line is without local leadership, local wisdom, and passion, scaling restoration across Africa would be impossible,” said Wanjira Mathai, the Earth Fund’s advisor for Africa and Managing Director at the World Resources Institute. “Already, Africa is home to some of our planet’s greatest restoration successes, and this funding will support locally led restoration to re-green our beautiful African continent.”

“Africa is at the forefront of the restoration economy. Thousands of entrepreneurs across the continent are demonstrating that landscape restoration is not just good for the environment, but creates jobs and generates economic returns,” said Mamadou Diakhité, Head of the Climate Change and Environmental Sustainability Division at the African Union Development Agency (AUDA-NEPAD) and lead of the AFR100 Secretariat. “These kinds of green jobs are essential for Africa’s youth. Africa is a young continent and an entrepreneurial one. We are ready for investment.”

Grants in process announced include:

  • The Albertine Rift Conservation Society (ARCOS), a regional restoration champion and award winner (2012 MacArthur Award recipient) headquartered in Rwanda, to restore land and empower local actors in integrated landscape restoration and impact monitoring.
  • Barka Fund, an African impact fund and technical assistance provider, to deliver pre and post-investment training and secure private investment in restoration enterprises.
  • World Agroforestry, part of CIFOR-ICRAF, a world-class research and development organization with expertise in tree genetic resources, to improve access to and supply high-quality, diverse, climate-resilient seeds and seedlings.
  • The Green Belt Movement, a Kenyan restoration group founded by Nobel Laureate Wangari Maathai, to train Tree Nursery Women’s Groups on restoration techniques, environmental governance, and livelihood development.
  • Maliasili, which works to accelerate the growth and impact of community-based conservation in Africa by supporting and strengthening local civil society organizations, to provide multi-year organizational development support to leading African restoration groups.
  • Rabo Foundation, an impact fund that promotes sustainable development by providing financial support and capacity building, to advance agroforestry projects together with the Cereal Growers Association to train “lead farmers” in the Greater Rift Valley in agroforestry techniques and carbon markets readiness.
  • Regeneration, a partnership of value chain experts Palladium and Systemiq, to deliver investment readiness training to restoration enterprises and facilitate offtake agreements for their products.
  • World Resources Institute Africa, a nonprofit that provides regional expertise in forest and landscape restoration, to deliver training to restoration groups, unlock concessional finance for restoration, and monitor funded projects using the Land & Carbon Lab.
ShareTweetSendSendShareSharePin
Previous Post

Another Nude Scare As Woman Threatens To Release King Saha’s Whopper Photos

Next Post

Acholi paramount chief starts protest walk to disputed Apaa land

Admin

Admin

Power Of Knowledge

Related Posts

Protestors at COP28 call for additional financing for loss and damage fund
Climate

Protestors at COP28 call for additional financing for loss and damage fund

by Admin
December 4, 2023
Ramaphosa urges for “new, at scale and appropriate finance” to back vulnerable nations
Climate

Ramaphosa urges for “new, at scale and appropriate finance” to back vulnerable nations

by Admin
December 3, 2023
COP28 opens in oil-rich UAE
Climate

Climate disaster fund approved at COP28

by Admin
December 1, 2023
How activists lost EACOP case with costs
Climate

How activists lost EACOP case with costs

by Admin
December 1, 2023
East African Court throws out civil society case against EACOP
Climate

East African Court throws out civil society case against EACOP

by Admin
November 30, 2023
Next Post
Acholi paramount chief starts protest walk to disputed Apaa land

Acholi paramount chief starts protest walk to disputed Apaa land

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Uganda’s confirmed Ebola cases rise to 7

Uganda’s confirmed Ebola cases rise to 7

September 22, 2022
Heavily protected kraal raided by Karamojong warriors.

Heavily protected kraal raided by Karamojong warriors.

July 30, 2022

Don't miss it

Kabuleta’s NEED blames political leaders for ignoring demolitions in Makindye
News

Kabuleta’s NEED blames political leaders for ignoring demolitions in Makindye

December 6, 2023
Parents called upon to be vigilant on school children during holiday
News

Parents called upon to be vigilant on school children during holiday

December 6, 2023
Niger ends 2 EU security missions as it welcomes a Russian delegation
World

Niger ends 2 EU security missions as it welcomes a Russian delegation

December 6, 2023
Fighting erupts in raging Masai territory as EACRF withdraws
World

Fighting erupts in raging Masai territory as EACRF withdraws

December 6, 2023
Staunch Man U Supporter Commits Suicide over wife’s refusal to slaughter their chicken for supper
News

Staunch Man U Supporter Commits Suicide over wife’s refusal to slaughter their chicken for supper

December 6, 2023
Azawi in a good relationship with her man
Entertainment

Azawi in a good relationship with her man

December 6, 2023
Mania Media

We bring you the latest News in the market which includes entertainment, celebrity gossip, socialites and fashion.

For Advertisement please call : +256708891199

Categories

  • Business
  • Climate
  • Entertainment
  • Fashion
  • Food
  • Health
  • Life
  • Lifestyle
  • Motivation
  • News
  • Politics
  • Relationships
  • science
  • Sports
  • Technology
  • Travel
  • World

Browse by Tag

Alien Skin Anita Among Best Spa Blood Groups Busoga Royal Wedding Catherine Kusasira Christmass court drone EACOP EALA ebola End Of Year Celebrations Faridah Nakazibwe happiness HEALTH Immunization independence Man Sentenced To Life Imprisonment over possession of 9.5kg of Ivory Masaka Muhoozi Muhoozi Kainerugaba Mulago Hospital MUST Elections National Sexuality Education framework Ndejje University Ntinda Propaganda Russia RUTO Rwanda sex Spamania Wellness Center success sustainable tourism teacher's day Top Best Spas tour Uganda ug@60 Uganda Uganda Cranes Uganda Oil Uganda satellite Valentine Day World Tourism Organisation

Recent News

Kabuleta’s NEED blames political leaders for ignoring demolitions in Makindye

Kabuleta’s NEED blames political leaders for ignoring demolitions in Makindye

December 6, 2023
Parents called upon to be vigilant on school children during holiday

Parents called upon to be vigilant on school children during holiday

December 6, 2023

© 2022 This website is managed and powered by Numbtech.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Business
  • Entertainment
  • Sports

© 2022 This website is managed and powered by Numbtech.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.