Africa’s first water fund to combat rising threats to food security, water and energy supplies
US$21.5m in long-term benefits for Kenyan citizens, farmers and businesses
Nairobi – The Kenya government, businesses, conservation groups and utilities launched Africa’s first Water Fund today. The Fund is designed to provide a sustained water supply to a system that delivers water to over 9.3 million people and to generate US$21.5 million in long term benefits to Kenyan citizens including farmers and businesses. This landmark initiative will cut costs for hydropower and clean water while addressing water flow and soil erosion issues in the Upper Tana River basin. The Nairobi Water Fund will expand on a successful, global Water Fund model – bringing public-private partnership and innovative financing for watershed conservation into Africa, where water is one of the most valuable and scarce resources. This is especially timely as people across the globe celebrate World Water Day and are looking for innovative solutions to meet our water needs.