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HomeBusinessAbsa Bank Kenya Launches Foundation Focused on Sustainable Development

Absa Bank Kenya Launches Foundation Focused on Sustainable Development

Absa Bank Kenya has officially launched the Absa Kenya Foundation, a significant initiative aimed at fostering sustainable development across the country.

The foundation is built on four key pillars: Entrepreneurship, Natural Resources Management, Education and Skills, and Health and Humanitarian Relief.

During the launch event, Prime Cabinet Secretary Musalia Mudavadi praised the establishment of the foundation and its commitment to addressing critical social issues.

He emphasized the importance of collaboration between the private sector and the government in driving impactful change.

Mudavadi specifically challenged Absa Bank to raise its tree-planting target from the current goal of 10 million to 15 million trees, aligning with the national initiative to plant 15 billion trees by 2032.

“Increasing your target is not just an aspiration; it is a necessity in our collective fight against climate change,” he stated.

In addition to the tree-planting initiative, Mudavadi urged the bank to honor the legacy of the late environmentalist, Professor Wangari Maathai, by commissioning a bronze statue in her memory.

He proposed that the statue be placed at the African Union Commission (AUC) headquarters in Addis Ababa, Ethiopia, where a designated space has already been reserved for it.

“This will not only commemorate her contributions but also inspire future generations to champion environmental conservation,” Mudavadi said.

The Prime Cabinet Secretary also called for increased partnerships between the private sector and the government to tackle climate change effectively.

He emphasized that collective efforts are essential in addressing the environmental challenges facing the nation and the continent.

As the Absa Kenya Foundation embarks on its mission, the launch marks a promising step toward promoting sustainable practices and community development across Kenya, with a strong call for collaboration and commitment to environmental stewardship.

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