Tunis, 16 June 2005 – The African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group will help the government of Kenya reduce the impact of frequent droughts on the Ewaso Ng’iro North River (ENNR) catchment area following the approval of funds for the project to improve natural resources management.
The ADB Group Vice President for North, East and South Operations, Mr. Theodore Nkodo and the director of Kenya’s External Resource Department, Mr. Donald Kibera, signed agreements for an ADF loan and grant totaling 16.48 million Units of Account (UA*), equivalent to US$ 24.30 million, to finance the Ewaso Ng’iro North Natural Resources Conservation Project.
The project will contribute to poverty reduction through sustainable natural resources conservation and management. The project’s specific objective is to improve water resources management, agricultural land use, and forest resource conservation in the Ewaso Ng’iro North river (ENNR) catchment.
During the signing ceremony, VP Nkodo explained that the project will also prepare communities for their new role in water resource management envisioned under the Water Act in 2002 with a view to laying the foundation for long term improvements in water resource conservation.
The Bank Group's operations in Kenya started in 1967. To date, the cumulative commitment of the Group in the country amounts to UA 637.9 million, equivalent to US$ 940.8 million.
*1UA = US $ 1.47495 as at 01 /06/05