FSD Africa Investments (FSDAi), the UK-backed specialist investor, has made its first direct investment in nature-based solutions, a US$2.5 million commitment to West Africa Blue’s mangrove restoration project in the Sherbro River Estuary, Sierra Leone.
This high-integrity blue carbon project spans over 94,000 hectares across 11 coastal chiefdoms and was announced by UK Foreign Secretary David Lammy. The project not only combats climate change and biodiversity loss, but also pioneers an equitable, community-led benefit-sharing model.
FSDAi’s catalytic investment helps de-risk the project and paves the way for scalable, commercially viable climate finance through carbon revenue—crucial in a region often overlooked by mainstream investors.
Steven Umidha is a data and financial journalist with over 14 years of work experience in journalism and communication.
He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.
Besides being the Founder of Financial Fortune Media, Umidha has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.
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