The Carbon Sequestration Project in Homa Bay County aims to combat climate change by reducing greenhouse gas emissions through reforestation, improved land management, and wetland restoration. Covering 1,500 km², the initiative will capture 750,000 tons of CO₂ annually over 20 years, aligning with Kenya’s national climate commitments (NDCs) and global sustainability goals. The USD 20.5 million investment will fund land leasing, seedling acquisition, planting, community engagement, and project management, fostering both environmental sustainability and economic empowerment. The global carbon market, valued at USD 2 billion in 2022 and projected to reach USD 80 billion by 2030, offers significant revenue opportunities for this project through carbon credit sales. Key demand drivers include corporate climate commitments, regulatory compliance markets, and increasing public awareness of climate change. While competition exists from other African nations (Ethiopia, Ghana, Uganda) and international carbon project developers, Homa Bay County’s vast land resources (3,155 km²) and strong ecosystem potential make it an attractive location for investors. Beyond financial returns, the project will provide community employment, enhance biodiversity, improve soil health, and increase agricultural productivity. Investors will benefit from carbon credit sales, controlled tree harvesting, and funding grants, ensuring a 5% short-term ROI and up to 30% long-term ROI. This initiative not only strengthens Kenya’s green economy but also positions Homa Bay as a leader in climate-smart development, creating a sustainable and resilient future for local communities.

Environment and Mining

Environment and Mining

Equity Investment,Public Private Partnership

20500000

USD

Startup

Homa Bay