daniel chigunwe
Business Writer
FOUR companies have entered into a partnership to provide Africa with innovative technological and advisory solutions for carbon credits’ sustainable identification, development, certification, issuance, and sales with complete traceability.
RippleNami, alongside SCS Global Services, Caelum Resources, and Africa Voluntary Carbon Credit Market — all reputable leaders in their respective industries have announced their collaboration on delivering advanced services to enhance Africa’s involvement in the climate economy, the companies said in a joint statement.
The partnership brings together each company’s collective expertise, resources and capabilities.
With a shared commitment to delivering exceptional services, the partnership would empower Africa to develop effective strategies to capitalise on this emerging market with projects that would develop a strong middle class and necessary infrastructure investments while combating climate change, the statement added.
“RippleNami is honoured to spearhead this transformative partnership, embodying our unwavering commitment to innovation,” Jaye Connolly-LaBelle, chairperson and chief executive of RippleNami said.
“With our cutting-edge technology solutions and unparalleled expertise in data analytics, we are poised to revolutionise the landscape by dismantling over 100 000 data silos among carbon-related entities, encompassing investors, developers, certifiers, programs, exchanges, brokers, resellers, buyers, co-benefit recipients, and tax authorities.
The partnership is also expected to establish a comprehensive national system that seamlessly integrates all stakeholders, empowering nations to prosper from an emerging market while providing transparency and traceability to markets and accountability to local communities.
According to Stanley Mathuram, executive vice president of SCS Global Services, “the key to creating a sustainable future lies in the implementation of credible and impactful carbon reduction efforts.”
He said with the SCS Global Services’ expertise in carbon footprint measurement, verification, and certification, “we are well-equipped to provide the necessary validation and certification services to support such initiatives.”
He added that SCS Global Services would guarantee the actual value of carbon credits and supports additional technologies like carbon sequestration measurement by offering methodologies developed under United National-approved protocols.”
“The company’s commitment to credibility and integrity drives the provision of these services to ensure that carbon reduction efforts are recognised and validated.
“With the establishment of the SCS Registry, the company would facilitate the trading of carbon credits, contributing to a thriving marketplace for sustainable solutions.”
Kyalo Muambi, co-founder of Caelum Resources said through their extensive knowledge of Africa, coupled with our commitment to sustainable resource management and carbon offset project development, the company would bring a “wealth of experience” to the partnership.
“Our expertise is instrumental in identifying and implementing tailored carbon offset projects designed to meet each country’s unique requirements.
Africa Voluntary Carbon Credit Market CEO, Benjamin Chimutengo, highlighted the pivotal role of his company as a leading platform for carbon credit education and accessibility.
He said through vital market access and capacity-building initiatives, the partnership would propel carbon credit trading, fostering sustainable development across Africa and facilitating a transition towards a low-carbon future.
“Under this collaboration, the parties’ comprehensive solutions will encompass carbon footprint assessment, carbon offset project identification and implementation, validation and certification of carbon reduction initiatives, integration of advanced technologies, and facilitation of carbon credit trading to African nations needing strategic national carbon roadmap services,” said Chimutengo.
“This partnership marks an exceptional convergence of elite industry leaders pooling their expertise and resources to deliver all-inclusive technology and consultative solutions for carbon credits development, certification, sustainable development, and complete traceability at a country level.
“By joining forces, the partnership aims to empower nations, drive sustainable development, and substantially impact carbon emissions reduction and climate change mitigation.”
Bongani Ndlovu