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NETFUND Receives Funding Approval from the Global Environment Facility (GEF) to Restore the Lake Naivasha Basin Ecosystem
The National Environment Trust Fund (NETFUND) has received funding approval of US$ 1,785,422 for its project proposal, ‘Lake Naivasha Basin Ecosystem Based Management’ from the Global Environment Facility’s 7th Cycle (GEF-7). The project seeks to restore forest ecosystems and reduce land degradation in the Lake Naivasha Basin for increased protection of its water resources, biodiversity, and associated ecosystem services to support the local and national economy.
The 48-months project which has WWF-US as the mandated GEF agency is set to begin in July 2023 with a projected total financing cost of US$ 12,471,799 out of which US$ 1,785,422 is financed under GEF funding while the remaining US$ 10,525,689 has already been mobilized by NETFUND and project partners as in-kind contribution to co-finance the project. The Lake Naivasha Basin Catchment is a designated wetland of international importance but is challenged by and degradation, water pollution and loss of biodiversity, resulting in a reduction in provision of ecosystem services.
Under the project implementation design, NETFUND will remain as the executing agency with key technical partners charged with the direct implementation of the project. These partners are; the Kenya Forest Service (KFS), Imarisha Lake Naivasha Board and the County Government of Nyandarua.
NETFUND