The UN has committed up to $790,000 (Sh101.8 million) to two firms to cut sewage pollution and reduce destructive fishing, signalling a shift toward financing environmental protection through commercial businesses.
The funding to the Kenyan firms was approved by the United Nations Capital Development Fund (UNCDF) through the Global Fund for Coral Reefs (GFCR), and targets wastewater treatment and fisheries along Kenya’s coral reef-dependent coastline.