The Kenya Reinsurance Corporation (Kenya Re) has stepped up it’s effort of helping the State achieves it’s target of planting 15billion trees in ten years by donatinh Ksh one million towards the rehabilitation of 400 hectares within the Kaptagat forest ecosystem.
In addition, the Corporation will distribute 100,000 avocado fruit seedlings to forest edge communities as a way of incentivising them to embrace environmental conservation as a lifestyle.
The donations have been made to the Government through the National Environment Trust Fund (NETFUND) ahead of the 7th annual Kaptagat Forest Tree Planting to be held on 1st July 2023 in Elgeyo Marakwet. Kaptagat Forest Station is part of the larger Cherangany Forest Ecosystem, an important water catchment for Lake Victoria and one of the five water towers in Kenya.
Speaking during the cheque handover ceremony, Kenya Re Group Managing Director Dr Hillary Wachinga, said, “We are passionate about the environment and through our Niko Fiti Environment campaign, we have contributed to our country’s efforts in combating climate change, protecting biodiversity, and achieving the Sustainable Development Goal number 13 on climate change. The avocado seedlings are aimed at giving the community a reason to double their efforts towards forest conservation by planting fruit trees within their farms for commercial gain.”
Kenya Re’s commitment to contribute towards forest rehabilitation builds on last year’s event where they planted 50,000 tree seedlings at Uplands Forest Station in Kiambu county with support from the local community forest association. This year, Kenya Re is slated to plant 10,000 tree seedlings at Lenana School, Nairobi in furtherance of its environmental conservation efforts.
NETFUND CEO, Mr. Samson Toniok, said: “We are grateful to Kenya Re for supporting this year’s tree planting event. Your donation directly benefits the community based women and youth led organisations engaged in tree nursery business who will provide the 500,000 indigenous tree seedlings needed for Kaptagat forest rehabilitation. Local communities are key to the success of forest conservation.”
The Kaptagat Forest Annual Tree Planting event will this year take place around Kessup, Sabor, Kaptagat, Pennon and Kipkabus forest blocks.
The Corporation’s support to environmental conservation comes in the backdrop of the enhancement of its brand awareness via its well-known flagship Corporate Social Responsibility (CSR) programme – Niko Fiti. The programme has now been revamped to include 3 pillars –Education, environment and support for persons with disability.
What to know About Kenya Re
Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. Kenya Re’s core activity is providing reinsurance services for most classes of business.
Since inception, Kenya Re has progressively and consistently continued to provide reinsurance services to more than 482 companies spread out in over 83 countries in Africa, Middle East and Asia.
Kenya Re is committed to offering world-class reinsurance services. In 2004, the Corporation made an effort to benchmark its services with international standards by subjecting itself to a rating process by an International rating Agency, AM Best. It was rated B (Fair). The Corporation has successfully maintained this rating to date. The Corporation is also rated AA+ by Global Credit Rating (GCR).
For more information, please contact:
Gladys Some – Corporate Affairs Manager
Kenya Reinsurance Corporation