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UN-Habitat Assembly to raise KSh 25b for urban development

Kenyan Business Feed by Kenyan Business Feed
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The UN-Habitat assembly is set to hold a partnership and pledging conference in Nairobi on Wednesday, May 29 in a bid to raise to raise USD 250 million (approximately KSH 25 billion) for urban development work.

This is aimed at making cities inclusive, safe, resilient and sustainable.

“The money will be used to implement normative and country programmes to reduce spatial inequality and poverty, enhance prosperity of cities, strengthen climate change action, improve the urban environment and mitigate and respond to urban crises to help realize the vision of a better quality of life for all in an urbanizing world,” said UN Habitat Executive Director Maimunah Mohd Sharif.

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The conference will be held during the UN-Habitat’s first UN-Habitat Assembly, which takes place from Monday, May 27 to Friday, May 31 in Nairobi.

Around 2,000 delegates are expected to attend among them Heads of State and Government, ministers, representatives of national and local governments, civil society, NGOs, businesses, academics, and other United Nations agencies.

The partnership and pledging conference will be on Wednesday, May 29 and will feature a high- level panel discussion with senior representatives from regional groups, national governments, local governments, the private sector and civil society on how to build successful partnerships to mobilise and leverage financing for sustainable urbanization.

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The UN-Habitat Assembly was established in December 2018 to strengthen the UN Habitat, and will be the highest-level decision-making body focused on sustainable urbanization and human settlements.

It will have universal membership of all 193 United Nations Member States who together, will frame the global urbanization agenda and provide strategic guidance to UN-Habitat in its work.

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Member States adopted the New Urban Agenda because the world’s urban population is expected to nearly double by 2050, with over two thirds of the global population living in urban areas, thus posing massive sustainability challenges in terms of housing, infrastructure, basic services, food security, health, education, decent jobs, safety, and natural resources, among others.

UN-Habitat is a focal point on sustainable urbanization and human settlements within the UN System to support implementation of the New Urban Agenda and urban dimensions of the SDGs.

Story by Noel Wandera, TUKO Correspondent.

Do you have a life-changing story you would like us to publish? Please reach us through [email protected] or WhatsApp: 0732482690 and Telegram: Tuko news.

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