EKI Energy Services Ltd, a leading player in the carbon credit and sustainability sector, announced the signing of a Memorandum of Understanding (MoU) with African holdings company, Jospong Group Of Companies Ltd, a distinguished conglomerate with operations in African and Asian countries. The partnership among the two organisations was initiated on the sidelines of the 28th edition of the Conference of Parties (COP 28) in Dubai and then ratified in Accra.

This strategic collaboration solidifies the commitment of both entities to pioneer efforts in advancing sustainability, net-zero services, climate investments, and carbon neutrality. The MoU also outlines joint initiatives in offsets portfolio management services and capacity building for carbon markets.

Manish Dabkara, CMD, EKI Energy Services Ltd, expressed enthusiasm about the collaboration, stating, "We are thrilled to embark on this transformative journey alongside Jospong Group Of Companies Ltd. Our shared commitment to sustainability and environmental responsibility is a powerful catalyst for pioneering initiatives that will redefine industry standards. Together, we aspire to create groundbreaking solutions, driving positive change for our planet. This collaboration underscores our collective dedication to fostering innovation, promoting eco-conscious practices, and contributing to a sustainable future for generations to come."

Dr. Joseph Joseph Siaw Agyepong, Executive Chairman of the Jospong Group of Companies verbalised his deepest appreciation for the collaboration and pledged his companies' commitment to the sustainable waste management, environmental conservation, and international cooperation and the tenets of the Memorandum of Understanding to ensure climate neutrality and greener future.

EKI believes that this partnership would amplify the mutual efforts of both the companies for environmental action while uplifting the community, especially in Africa.

The collaboration aims to mobilize an impressive US$1 billion in carbon credit financing with the ambitious goal of generating over 1,000 employment opportunities by 2030 in Ghana and West Africa.