[NAIROBI] Kenya will receive US$33 million from the International Fund for Agricultural Development (IFAD) to finance the Upper Tana Catchment Natural Resource Management Project.
The project will also get another EUR 12.8 million from the Spanish Food Security Co-financing Facility Trust Fund will also be provided to fund the same project.
This new project is targeting smallholder farmers in the area with the objective of reduce rural poverty through sustainable management of their natural resource base.
The two loans was signed on May 23 between Josephine Wangari Gaita, Ambassador of the Republic of Kenya to Italy and the Permanent Representative to the United Nations Food and Agriculture Agencies in Rome, and Kanayo F. Nwanze, President of IFAD
Poverty and environmental degradation are inter-linked and linked in Kenya and poor water management, soil erosion, declining soil fertility and land degradation are compounded by the impact of climate change, which has led to a decline in agricultural yields over past decades.
|An Aerial photograph of the flooded TANA RIVER in Kenya|
In some parts of the country, the droughts in 2009 and 2011 generated food emergencies, while flooding in 2010 and recently in 2012 severely affected some parts of the country.
The project will be a scaling up of the Mount Kenya East Pilot Project for Natural Resource Management supported by IFAD and the Global Environment Facility. It will help to promote environmental conservation as a means to ensure sustainable livelihoods for poor rural people in five selected river basins of the Upper Tana River.
It will cover about 17,420 square kilometres and include 24 river basins that drain into the Tana River with the aim to increase the food production and incomes of the poor rural families living in the area.
Approximately 205,000 poor rural households will benefit from the project co-financed by the Kenya and will have a particular focus on women
With this new project, IFAD will have financed 16 programmes and projects in Kenya for a total investment of $247.5 million benefiting 4,200,097 rural households since 1979