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CLIMATE CAPITAL

Kenya Launches NBCM to Boost National Biodiversity Conservation

Kenya boasts a remarkable diversity of flora and fauna, featuring iconic species such as elephants, rhinos, and lions, as well as unique plants found nowhere else on the planet. However, the country is confronted with serious threats to its biodiversity. The Kenya National Bureau of Statistics reports that more than 50% of wildlife habitats are under significant pressure from agriculture, urbanization, and climate change. Therefore, the launch of the National Biodiversity Coordination Mechanism (NBCM) is timely, as it aims to implement proactive measures to address these challenges.

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Festus Ng'eno, Principal Secretary at the Ministry of Environment, Climate Change

In a significant stride towards safeguarding its rich natural heritage, Kenya this August 2024  launched the National Biodiversity Coordination Mechanism (NBCM). This initiative aims to enhance the country’s conservation efforts and streamline the management of biodiversity resources across various sectors. As one of the most biodiverse nations in the world, Kenya recognizes that its wildlife and ecosystems are not only vital for environmental health but also crucial for the economy, tourism, and the livelihoods of millions of Kenyans.

Understanding the NBCM

The NBCM serves as a comprehensive framework to integrate biodiversity considerations into national policies and strategies. The mechanism will facilitate collaboration among government agencies, local communities, non-governmental organizations (NGOs), and other stakeholders to ensure a coordinated approach to biodiversity management. By creating a centralized system for monitoring and reporting on biodiversity-related activities, the NBCM is expected to improve the effectiveness of conservation initiatives while addressing the challenges posed by climate change, habitat destruction, and human-wildlife conflict.

During the launch, Festus Ng’eno, Principal Secretary at the Ministry of Environment, Climate Change, and Forestry, highlighted the crucial role of the National Biodiversity Coordination Mechanism in ensuring the conservation and sustainable use of biodiversity for current and future generations.

“This mechanism is essential for supporting the implementation of our national and international commitments,” Ng’eno stated. “It aligns Kenya’s efforts with the goals of the Kunming-Montreal Global Biodiversity Framework, which emphasizes the urgent need for action to address biodiversity threats and promote sustainable resource use by 2030.”

The new mechanism seeks to harmonize biodiversity conservation goals, policies, and practices across national, county, and community levels, ensuring a cohesive approach to safeguarding Kenya’s abundant natural resources. It will also serve as a vital tool for aligning the country’s strategies with key global conventions, including the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the Ramsar Convention on Wetlands, and the United Nations Framework Convention on Climate Change (UNFCCC).

Dr. Erustus Kanga, Director-General of the Kenya Wildlife Service, emphasized the urgent need to tackle the unprecedented challenges currently threatening the country’s biodiversity.

“Climate change, habitat destruction, pollution, and the over-exploitation of natural resources pose significant threats to our biodiversity. This mechanism provides a strategic path for collaboration on solutions that will help mitigate these challenges and strengthen our conservation efforts,” Kanga stated.

The launch of the National Biodiversity Coordination Mechanism signifies a crucial step in Kenya’s dedication to biodiversity conservation. This platform fosters enhanced collaboration, strategic planning, and collective action aimed at safeguarding the country’s rich ecological heritage.

With this mechanism now operational, Kenya is well-positioned to make substantial progress toward the objectives outlined in the Kunming-Montreal Global Biodiversity Framework. It ensures the sustainable management of natural resources while balancing environmental protection with the needs of its people.

The Context of Biodiversity in Kenya

Kenya is home to an astounding variety of flora and fauna, including iconic species such as elephants, rhinos, and lions, alongside unique plants found nowhere else on Earth. However, the country faces significant threats to its biodiversity. According to the Kenya National Bureau of Statistics, over 50% of wildlife habitats are under pressure from agriculture, urbanization, and climate change. As such, the NBCM comes at a crucial time when proactive measures are needed to combat these pressures.

The launch of the NBCM is timely, coinciding with the United Nations’ Decade on Ecosystem Restoration (2021-2030), which emphasizes the urgent need to restore and protect ecosystems worldwide. Kenya’s commitment to these global efforts signals its determination to play a leading role in biodiversity conservation on the continent and beyond.

Community Involvement and Local Knowledge

One of the cornerstones of the NBCM is the recognition of the vital role local communities play in biodiversity conservation. Traditional knowledge and practices are crucial in managing natural resources sustainably. The NBCM will promote community engagement and empower local stakeholders, enabling them to participate actively in conservation efforts and decision-making processes.

“We cannot achieve our conservation goals without the involvement of local communities,” said Dr. Francis Karanja, the Director of the Kenya Wildlife Service (KWS). “Their knowledge, experience, and stewardship of the land are invaluable to our efforts.”

Challenges Ahead

While the NBCM represents a promising step forward, several challenges remain. Ensuring adequate funding, enforcing conservation laws, and addressing the underlying drivers of biodiversity loss, such as poverty and land-use change, will require sustained effort and collaboration. The Kenyan government, along with its partners, will need to advocate for more significant investments in conservation and sustainable development practices to turn the ambitions of the NBCM into tangible results.

Looking Forward

The establishment of the NBCM marks a watershed moment in Kenya’s conservation journey. As the country strives to balance development with ecological integrity, the NBCM could serve as a model for other nations facing similar challenges. By prioritizing biodiversity in national planning and fostering collaboration across sectors, Kenya has the potential to not only preserve its natural treasures but also enhance its resilience to climate change and foster sustainable livelihoods for its people.

“This is just the beginning,” concluded Ngeno. “We are committed to working together, with every stakeholder involved, to ensure that our biodiversity is preserved, protected, and celebrated.”

As Kenya embarks on this vital journey, the world watches with anticipation, hopeful that the NBCM will yield positive outcomes for its diverse ecosystems and the communities that depend on them.

Keywords:Kenya Biodiversity Conservation: National Biodiversity Coordination Mechanism: Ecosystem Management: Sustainable Resource Use: Community Engagement in Conservation

Charles Wachira, Managing Editor of businessworld, has disproportionately worked as a foreign correspondent in Nairobi, Kenya. Formerly an East Africa correspondent with bloomberg, covering the business beat he has since been published by a legion of other authoritative global news platforms including Global Finance Magazine, Toward Freedom, Earth Island Journal, and Dialogue. earth and so on. He is also a co-author of, Success to Significance, a biography of pre-eminent global industrialist and renowned philanthropist Dr. Manu Chandaraia. He’s an alumnus of the University of Nairobi and Nairobi School.

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Celebrities & Sports

Bien Aime Baraza: Kenya’s Top Spotify Artist of 2024

Bien’s music blends heartfelt lyrics with vibrant African rhythms, creating a powerful emotional connection with listeners. His hit single Inauma deeply resonated with fans, addressing themes of heartbreak and resilience, while showcasing his ability to craft compelling, introspective narratives. This track, like much of his work, blends raw emotion with the energy of African musical traditions, making it a standout in his catalog.

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Bien’s rise to the top of Kenya’s music scene showcases his immense talent and dedication to redefining African music globally. As both a member of Sauti Sol and a solo artist, his innovative sound and storytelling continue to inspire and break boundaries, solidifying him as a defining figure in contemporary Kenyan music.

: Bien Aime Baraza, top Spotify artist in Kenya 2024, stands out with his soulful R&B sound and solo career success. Discover his journey and music evolution.

Bien-Aimé Baraza, widely known as Bien, has redefined the Kenyan music landscape with his soulful sound and captivating storytelling.

 Crowned Spotify’s top artist in Kenya for 2024, his music spans genres, blending Afropop, R&B, and Afro-soul, making him a standout both locally and internationally.

EARLY CAREER AND RISE TO STARDOM

Bien’s music journey began at Upper Hill High School, where he formed Sauti Sol in 2006 with Savara Mudigi, Polycarp Otieno, and Willis Chimano.

 The group initially sang a cappella before evolving into a multi-award-winning band. Reflecting on those formative years, Bien said, “We started as a bunch of boys who just loved to sing. We had no idea it would grow into this phenomenon”.

His passion for music was further nurtured during his studies at the United States International University, where he pursued Journalism and Media Studies.

 His storytelling abilities became central to his lyrical style, characterised by emotive narratives and catchy melodies.

BREAKING AWAY FROM SAUTI SOL

In 2021, Bien began exploring solo projects while remaining part of Sauti Sol. In 2023, the band announced a “temporary separation,” explaining that they wanted to pursue individual growth. 

Bien remarked, “This isn’t the end of Sauti Sol; it’s an opportunity to rediscover ourselves and bring something fresh to the table.” This independence allowed Bien to delve deeper into personal projects, which included collaborations like Bald Men Love Better with Aaron Rimbui.

MUSICAL STYLE AND LATEST PROJECTS

Bien’s music combines a mix of poignant lyrics and vibrant African rhythms. His hit single Inauma resonated deeply with fans, tackling heartbreak and resilience.

 In 2024, his COLORSxSTUDIOS performance of True Love further showcased his ability to bring raw emotion and soul to his music. Speaking about his craft, he said, “Music is therapy for me; it’s how I make sense of the world and connect with my fans”

WHAT SETS BEIN APART

What makes Bien unique is his authenticity and ability to address universal themes while rooted in African culture. Unlike many local artists, Bien often experiments with sound and visuals, as seen in his COLORSxSTUDIOS performance.

 His willingness to collaborate with international platforms and artists highlights his global vision for Kenyan music.

LEGACY AND IMPACT

Bien continues to inspire, proving that Kenyan artists can excel on the world stage. As Monica Kemoli-Savanne from Spotify noted, “Bien’s success is a testament to the power of African talent and storytelling”.

Whether with Sauti Sol or as a solo artist, Bien remains a force in music, bridging cultures and redefining the African sound for global audiences

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Startups & Funding

Top 10 Richest East Africans Under 30: Industries & Net Worth

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: Discover the top 10 wealthiest East Africans under 30, their industries,
achievements, and estimated net worths. Learn about their remarkable journeys
to success.”

Kenneth M. Njeru (25, Kenya)

  • Engagement: Founder of Africa Afya Healthcare, focusing on healthcare investment services and IT solutions for healthcare access improvement.
  • Industry: Healthtech and healthcare investment.
  • Net Worth: Not publicly disclosed but prominent in healthcare financing in Kenya​

Ayushi Chandaria (26, Kenya)

  • Engagement: Founder of Design Thinking Program, fostering innovation in education.
  • Industry: Education and innovation.
  • Net Worth: Not publicly disclosed but recognized for her impactful work in Kenya​

Alex Mativo (29, Kenya)

  • Engagement: Co-founder of E-LAB, Nanasi, and Duck, leveraging technology in multiple sectors.
  • Industry: Technology and entrepreneurship.
  • Net Worth: Estimated at several million USD due to diversified ventures​
  • .

Prisca Wegesa Magori (29, Tanzania)

  • Engagement: CEO and Co-founder of TenTen Explore and Smart EFD, providing innovative software solutions.
  • Industry: Technology and software development.
  • Net Worth: Undisclosed but influential in Tanzania’s tech scene​

Andrew Ddembe (28, Uganda)

  • Engagement: Co-founder and CEO of MobiKlinic, providing mobile-based healthcare solutions.
  • Industry: Healthtech.
  • Net Worth: Not disclosed but a key figure in Uganda’s health innovation​

Arooj Sheikh (28, Kenya)

  • Engagement: Founder and CEO of Beyond Kenyan Bars, working on social justice initiatives.
  • Industry: Social entrepreneurship.
  • Net Worth: Undisclosed, focusing on impactful social change​
  • .

Hildah Magaia (29, Tanzania/South Africa)

  • Engagement: Professional footballer for Mazatlán FC and Tanzania’s national team.
  • Industry: Sports.
  • Net Worth: Significant from sports and endorsements

Chad Jones (28, Kenya/South Africa)

  • Engagement: Social media influencer and brand ambassador.
  • Industry: Digital media and marketing.
  • Net Worth: Not disclosed but has significant brand partnerships​

These individuals have demonstrated remarkable entrepreneurship and talent across East Africa, contributing to industries like health, technology, education, sports, and tourism.

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CLIMATE CAPITAL

Access Bank Secures CAK Approval for National Bank Acquisition

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access bank national bank acquisation


: Access Bank to acquire National Bank of Kenya for $100M, boosting market
share to 1.9% with CAK approval and workforce retention conditions.

CAK Approves Access Bank’s Acquisition of NBK with Conditions

The Competition Authority of Kenya (CAK) approved Access Bank’s acquisition of the
National Bank of Kenya (NBK) from KCB Group, requiring Access Bank to retain 80% of
NBK’s workforce for at least one year.
The Central Bank of Kenya (CBK) must now give its final approval for the deal.


Employment Retention Key to Approval


According to CAK, Access Bank must maintain 80% of NBK’s 1,384 employees and all
316 staff from its local subsidiary, Access Bank Kenya, for a year following the
transaction’s completion. “The transaction has been approved on condition that Access
Bank Plc retains, for one year, at least 80% of the target’s current workforce,” CAK
stated.


Deal Valuation and Finalization Timeline


While the deal’s value has not been disclosed, KCB Group announced in March 2024
that NBK would be sold for 1.25 times its book value. With NBK’s 2023 book value at
$79.77 million, the acquisition is estimated to be worth approximately $100 million. The
transaction is expected to conclude in November.


Expanding Access Bank’s Kenyan Presence


Access Bank’s current footprint in Kenya includes 23 branches in 12 counties. Acquiring
NBK’s 77 branches across 28 counties will significantly boost its presence and service
offerings, including retail, corporate, and Islamic banking. Access Bank, currently
ranked as a tier 3 lender, will integrate with NBK, a tier 2 institution, enhancing its status
in the market.


Market Share and Competition Analysis


The acquisition will give the merged entity a 1.9% market share in Kenya’s banking
sector. “The combined market size is unlikely to raise competition concerns since it is
low,” CAK noted. “The merged entity will face competition from other banks in the
market. Based on this, the transaction is unlikely to substantially lessen or prevent
competition.”

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