Kenya to benefit from new fund for smart cities

State initiatives against climate change have received a major boost after partners from the developed world launched a Sh12.7 billion fund for supporting cities in developing and emerging economies to go green.

Targeted at low-carbon, resilient and livable cities, the City Climate Finance Gap Fund (The Gap Fund) was launched recently by ministers and directors of the Governments of Germany and Luxembourg together with the World Bank, European Investment Bank (EIB) and Global Covenant of Mayors for Climate and Energy (GCOM)).