馃嚳馃嚰ZimbabweSouthern Africa
Stanbic invests US$100,000 in reforestation and land restoration project
via NewsDay Zimbabwe6 min read
Stanbic Bank Zimbabwe has committed US$100,000 to an afforestation and land restoration program in partnership with My Trees Trust. This initiative aims to plant 40,000 indigenous trees in Hurungwe district over the next three years, supporting 40 smallholder farmers. The project, part of the Standard Bank Group's Blue Roots Initiative, seeks to plant one million trees across Africa. Patson Mahatchi, Stanbic head of business and commercial banking, stated the program strengthens environmental sustainability and Zimbabwe's agricultural economy. Neeta Joshi, Stanbic head of legal and governance, highlighted the project's contribution to ecosystem restoration, water conservation, biodiversity protection, climate resilience, and carbon sequestration. The program includes a 36-month monitoring period and aims to reverse land degradation, restore soil health, and promote sustainable agricultural practices. Rory Pilossof, My Trees Trust country director, noted the potential for carbon credit generation to provide additional income streams for rural communities, combining environmental restoration with community empowerment and sustainable income opportunities.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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