Sh1.1 billion set to boost green-economy initiative in Kenya

Environment and Natural Resources CS Judi Wakhungu (centre) with Netfund CEO Catherine Ndegwa (right) and other officials during the launch of the third phase of the National Environment Trust Fund's Green Innovations Award at Radisson Blu Hotel. [PHOTO: JONAH ONYANGO/STANDARD]

Small and medium enterprises (SMEs) across the country are set to benefit from a Sh1.1 billion credit line from the Ministry of Environment and Natural Resources.

Through an initiative dubbed ‘Green Growth’ supported by Sweden, entrepreneurs involved in environmentally friendly businesses will receive up to Sh2 million in seed money, as well as research and training through incubation, in support of the development green enterprises.