The government has secured a Ksh16.484 billion ($126.8 million) loan from the International Fund for Agricultural Development (IFAD) for the Natural Resources Management Programme (INReMP), which aims to reinforce the country's environmental fitness. The deal, which was signed by the Treasury Cabinet Secretary John Mbadi and IFAD Regional Director Sara Mbago-Bhunu on Monday, June 23, will have a 25-year repayment period, with a 1.41 per cent interest rate, a 1.39 per cent service charge, and a grace period of five years.
INReMP is set to be rolled out in Elgeyo Marakwet, West Pokot, Trans Nzoia, Uasin Gishu, Nandi, Kakamega, Kericho, Kisumu, Homa Bay, and Migori.
Speaking during the signing of the agreement, the Treasury Cabinet Secretary John Mbadi said that the funds will play a critical role in addressing some of the pressing climatic challenges the country is facing, such as environmental degradation and climate change, in addition to providing environmentally friendly activities in rural settings to improve livelihoods.
Treasury CS John Mbadi delivering an address during a roundtable engagement with key players in the financial services sector on June 3, 2025.
