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Funds misuse, low skills hamper Nairobi's bid to tap green finance

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The Office of The Governor, Nairobi City County. [Samson Wire, Standard]

The inability of the Nairobi Water and Sewerage Company (Nairobi Water) to run a profitable business has been pointed out as one of the financial risks that may affect the county's implementation of green projects.

The analysis, published by Financial Sector Deepening (FSD) Kenya after being conducted by Agusto and Company, a Pan-African credit rating agency, also lists unpaid water bills by residents and the diversion of funds as the 'hygiene' issues associated with the county's nominated green projects.

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