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    World Bank Offers $150 Million to Kenya for Drought Mitigation

    Eunniah
    By Eunniah Mbabazi
    - October 28, 2021
    - October 28, 2021
    Kenya Business newsPublic Policy
    World Bank Offers $150 Million to Kenya for Drought Mitigation

    The World Bank, in partnership with the Government of Sweden (Sida) and Government of Denmark (DANIDA), has announced plans to give $150 million to Kenya, aiming at mitigating the impact of drought currently affecting various parts of the country. This will happen through a 10-year Government Locally-led Climate Action Plan (FLLoCA) programme launched in June last year.

    According to the National Treasury, the funds will also be used to predict, prepare and respond to climate shocks in affected areas.

    On 8th September 2021, President Uhuru Kenyatta declared prevailing drought as a national disaster, with Treasury releasing KSh2 billion to support those in dire need of food.

    Climate change remains the biggest challenge of our age, with Kenya’s climate –sensitive economy being prone to droughts and floods with an economic liability of up to 2.8% of GDP annually. We have an immediate need to build  climate resilience in sectors such as agriculture, water, energy, tourism and wildlife, which are not only affected by climate change, but also the adverse effects of COVID-19 pandemic.

    Ukur Yatani, National Treasury Cabinet Secretary.

    See Also:

    World Bank Projects Kenya’s Economy to Grow 5% in 2021

    The Kenyan Wall Street

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