Kenya's carbon market plan gets Sh200m boost

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Delegates follow proceedings at KICC in Nairobi on September 5, 2023 during the Africa Climate Summit. PHOTO | EVANS HABIL | NMG

The US Agency for International Development, USAID, will invest over Sh200m ($1.4m) to support Kenya’s carbon market activation plan and regulatory and legal framework efforts to ensure integrity, transparency and equity.

Additionally, through Development Innovation Ventures, USAID will use almost Sh220m ($1.5 million) to scale up access to clean, green, public transport by supporting Kenya’s BasiGo electric bus transport company to expand to Rwanda.

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Note: The results are not exact but very close to the actual.