Kenyans to benefit from Sh4.7 billion climate funding

National Treasury CS John Mbadi addressing the media outside Treasury Building in Nairobi on February 13, 2025, where they outline the progress made by the government in boosting momentum towards putting money in people's pockets.[Boniface Okendo, Standard]

Kenya is set to receive Sh4.7 billion ($36 million) from donors that will benefit more than 2.7 million people in the Lake Region Economic Bloc.

The project will support smallholder farmers and producer cooperatives who are among the most vulnerable to the adverse effects of climate change.This emerged during the 41st meeting of the Green Climate Fund Board held in Songdo, Incheon, Republic of Korea.

The project is aimed at promoting climate-resilient and low-carbon practices in dairy, poultry, coffee, tea, fruit trees, and African leafy vegetables value chains, in the Lake Region Economic Bloc.

Through the project, farmers will be trained and supported to adopt climate-smart technologies and practices for improved production, access to markets and increased incomes.
Cabinet Secretary of National Treasury John Mbadi while leading the Kenyan delegation at the signing ceremony of the project noted that the agriculture sector in Kenya is highly vulnerable to the impacts of climate change.

“While smallholders including women and youth, and producer cooperatives may be the most vulnerable to the impacts of climate change, they are critical solutions and change actors to the challenges of climate change Kenya is facing,” CS Mbadi said.

He added that the Kenyan government will fully support FAO’s GCF program to build climate resilience in the Lake Region Economic Bloc’s agricultural sector and is fully committed to its complete and successful implementation.


Henry Gonzalez, Chief Investment Officer of the Green Climate Fund (GCF) said: “This project will support smallholder farmers in Kenya in protecting their livelihoods against climate risk. GCF’s investment will strengthen agricultural value chains and increase community resilience.’

The funding and subsidiary agreements were signed on the same day between GCF, FAO, and the Government of Kenya, accelerating the implementation of a new climate-resilient  agricultural project in the Lake Region Economic Bloc.

The initiative, implemented in collaboration with the Government of Kenya, Agriterra, and the Government of Denmark, will provide over 143,000 farmers with training and support to adopt climate-smart technologies and practices, strengthening their resilience to climate change and increasing their household incomes. 

Business
Why tourism is Kenya's best bet to accelerate economic growth
Business
Troubled Uchumi's creditors to know fate of their billions
Business
BAT to pay Sh50 dividend despite 19pc profit dip
By Brian Ngugi 18 hrs ago
Business
Appetite for Kenya's 'green gold' spawns new crop of millionaires