Serrari Group

Responding to the pressing climate challenges in northern Kenya, USAID has unveiled a targeted $6 million initiative. Aimed at enhancing climate resilience among small businesses and financial institutions, this program addresses the recurring droughts and floods afflicting the region.

Part of a broader $38 million effort, this initiative focuses on bolstering resilience in arid and semi-arid regions. Solargen, a key beneficiary, has utilized USAID’s support to expand its services to underserved areas in Garissa and Wajir counties.

Working alongside local NGOs, such as those implementing the USAID Kuza program, the initiative aims to bridge gaps in financial services and provide essential resources like water provision and technical assistance to communities.

With a focus on empowering small and medium enterprises (SMEs), USAID’s investment has not only boosted productivity but also fostered sustainable economic growth. Innovative tools, including a digital tracking system, ensure alignment with broader climate resilience goals.

As USAID continues its commitment to combat climate change, stakeholders anticipate further investments in climate finance and environmental conservation, signaling a significant step towards building climate resilience in Kenya’s vulnerable northern regions.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

7th May, 2024

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