NAIROBI, Kenya- Kenya’s quest to accurately assess its carbon credit assets is getting a high-tech boost from Indonesian tech company Aeroterra & Eldera Matadata Presisi.
Selected to execute a pilot project, this partnership is significant step towards environmental sustainability in the region.
Strategic Partnerships and Technological Innovation
The project is sponsored by Connecticut-based Banyan Investment Banking & Hedge Fund and Quantum Metal Group, who chose Aeroterra & Eldera Matadata Presisi for their cutting-edge technology.
“We have fulfilled the commitment we made in late May to appoint a technical partner for the project that will support the Government of Kenya to accurately measure data on the country’s carbon deposits in real-time. This data will then be submitted to Verra for approval,” stated Dr. Thana Balan from Banyan Investment Banking & Hedge Fund.
Verra, a US-based organization, oversees standards in the Verified Carbon Standard (VCS) Program, which will be integral to the project’s validation process.
High-Tech Tools for Accurate Measurement
Aeroterra & Eldera Matadata Presisi will deploy drones and AI-driven technology to assess Kenya’s carbon assets.
These drones not only gather precise data but are also capable of soil seeding, which is crucial for land rejuvenation efforts in Kenya.
Once regulatory approvals are in place, the project will kick off, aiming to provide real-time data on carbon deposits, enhancing the accuracy and reliability of Kenya’s carbon credit assessments.
Broader Impact and Future Prospects
The initiative promises to bring substantial benefits, including technological advancements and environmental sustainability, to other parts of Africa as well.
In addition to the carbon credit project, Banyan Investment Banking & Hedge Fund has launched Letscoin, a digital complementary currency designed to empower local communities.
This initiative aims to enable merchants, entrepreneurs, and other users to participate actively in the digital economy.
Letscoin has already secured financial backing from Germany’s Deutsche Bank, highlighting its potential for substantial economic impact.
Banyan also announced a $100 million funding agreement with Quantum Metal Group to support African gold trading activities.
As part of this agreement, Banyan will serve as a custodian bank, holding 2.5 tonnes of gold on behalf of Quantum Metal Bullion Pty Ltd, the beneficial owner.
Kenya’s partnership with Aeroterra & Eldera Matadata Presisi represents a leap towards leveraging technology for environmental benefits.
