Kenya requires Ksh.189.9 billion annually for universal water access
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The government of
Kenya needs Ksh.189.9 billion to ensure universal access to water and
sanitation services.
Water and
Irrigation Cabinet Secretary (CS) Zachariah Njeru intends to mobilize this
capital from private equity, through public-private partnerships as well as
blended financing, when Kenya hosts the Water and Sanitation Investors
conference.
According to the
ministry, Kenya requires Ksh.236 billion and Ksh.365 billion beyond the
current budgetary allocation for urban water supplies and sanitation services
respectively, areas that present investment opportunities with the government
seeking to use the conference to showcase viable investment opportunities in the
sector.
"It is
crucial for the government, private sector, and development partners to
collaborate in mobilizing the required resources. There are investment
opportunities in other various sub-sectors, including irrigation, non-revenue
water management, water harvesting and storage," said CS Njeru.
"Irrigation
is critical in agriculture, with an estimated potential of 1.9-3 million acres
in Kenya. However, only 29 percent of this potential has been developed, and
just 5.8 percent of the country's arable land is equipped with irrigation
infrastructure."
The government
further says it intends to complete the construction of 100 dams in the next
five years with 56 sites already established across the country where at least
33 investors have tabled offers to construct dams even as the government
promises that the investors will recoup their moneys upon completion.
"We are now
in the process of designing and costing them so that we may know the exact amount
that is going to go for it. So it is a process that is ongoing and the
attracting of 33 investors is a very good indication that this is something
that will succeed," said Water PS Julius Korir.
Through the water
fund, the government notes it has been able to mobilise over Ksh.40 billion to
finance water-related projects even as it seeks to increase their revenue
mobilisation to over Ksh.50 billion in the medium term.


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