On March 17, 2017, The Nature Conservancy (TNC)’s Upper Tana-Nairobi Water Fund, received a grant of 160 million Kenya Shillings from the Coca-Cola Africa Foundation in an event held to mark World Water Day on March 22, 2016.
‘Dr. Susan Mboya, President of The Coca-Cola Africa Foundation officially presented the grant funds to the Steering Team of The Upper Tana-Nairobi Water Fund that will be used to support upstream water and soil conservation initiatives.
‘Nairobi Water Fund is a public-private partnership that was launched in Nairobi on March 20, 2015. As one of the pioneer water funds in Africa, it is investing in conservation programs that benefit communities across the Upper Tana watershed.
‘The Upper Tana River basin which covers approximately 970,000 hectares, is home to 5.3 million people and is supplying 95 percent of the water for Nairobi’s 4 million residents. It also feeds one of the country’s most important agricultural areas and provides half of Kenya’s hydropower output.
“TNC is convinced that the way to tackle some of the gravest environmental and economic challenges we face is by the private sector, government agencies, and conservation scientists to work together,” TNC’s Kenya Country Director, Munira Bashir said.
‘The Upper Tana-Nairobi Water Fund is the first water fund that TNC has developed outside Latin America and the United States. The Fund presents an opportunity to establish Nairobi as a pioneering city in the use of innovative financial mechanisms to protect and preserve the watershed on which its economy and livelihoods depend.
The Nature Conservancy is one of the coalition members of the Africa Biodiversity Collaborative Group (ABCG). ABCG works to advance understanding of critical biodiversity conservation challenges and their solutions in sub-Saharan Africa.
Read the whole news article on TNC’s website: The Coca-Cola Africa Foundation Grants 160 Million Shillings in Support of Upper Tana-Nairobi Water Fund
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