UK PLEDGES MILLIONS FOR GREEN INVESTMENT PROJECTS IN KENYAN COUNTIES

The United Kingdom has pledged £6.6 million in financial support to initiate the development of 50 green investment projects across 10 counties in Kenya. This funding initiative, announced at an event in Nairobi, is guided by the County Green Finance Assessment report, launched on Thursday.

The report evaluates the 10 counties’ capacity, including Makueni, to access green finance, enabling them to channel investments into vital sectors such as water, healthcare, energy, and infrastructure. Deputy Governor Lucy Mulili emphasized that this initiative would yield economic benefits while addressing the specific needs of local communities.

Produced by Financial Sector Deepening Kenya, an independent trust supported by the UK government, the assessment analyzed each county based on financial performance, credit risk, availability of green investment opportunities, and their ability to manage green finance.

FSD Kenya collaborates on this project with the Capital Markets Authority, the ADA Consortium, the Nairobi Securities Exchange, and the National Treasury and Economic Planning.