KAMPALA – Diamond Trust Bank Uganda (DTB) has partnered with the National Forestry Authority (NFA) to plant over 20,000 trees in Masaka’s Kasonke Central Forest Reserve, contributing UGX 89.7 million to the initiative. This collaborative effort aims to restore the forest’s biodiversity, promote community engagement, and provide sustainable employment opportunities.
Uganda’s forests, including the Kasonke Central Forest Reserve, face severe deforestation threats. The country loses approximately 100,000 hectares of forest cover annually, contributing to climate change, soil erosion, and loss of biodiversity. Since 1990, Uganda has lost 73% of its original forest cover, with only 1.3 million hectares remaining.
The Kasonke Central Forest Reserve, known for its high biodiversity value, has faced numerous challenges, especially from encroachment and deforestation. The reserve’s Kasonke stream feeds into Lake Victoria, supplying water to nearby communities, including Bulayi and Sanji villages. By restoring the forest, DTB and NFA are mitigating climate change impacts and ensuring local communities continue to have access to essential water resources for domestic and agricultural use.
DTB’s Head of Corporate Institutional and Business Banking, Mr. Kaziro Kyambadde, emphasized, “We all have a responsibility to preserve the environment for today and future generations.” This partnership will enhance biodiversity, promote employment in beekeeping, agroforestry, and sustainable harvesting, and empower surrounding communities through education and inclusion in decision-making processes.
“Deforestation and land degradation are critical issues in Uganda, with severe consequences for our environment, economy, and communities,” Kyambadde noted.
“As a bank, we’re dedicated to contributing to the communities we serve. This reforestation initiative supports a healthier environment, creates job opportunities, and fights climate change.”
Uganda’s deforestation contributes to 40% of the country’s greenhouse gas emissions. DTB’s commitment to sustainability is evident in their broader goals, including reducing carbon footprint, planting 100,000 trees by 2030, and previously planting over 6,000 trees through sustainability-focused partnerships.
Through this initiative, DTB and NFA demonstrate their dedication to environmental conservation and community development, inspiring others to join the fight against deforestation and climate change. By working together, they aim to create a sustainable future for Uganda’s forests and communities.
