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PARTNERSHIPS FOR A GREENER FUTUREExternal Newsletter | July-September 2026Climate finance • Nature restoration • Circular economy • Inclusive green growthQUARTER AT A GLANCEQUARTER AT A GLANCEA Quarter of Partnerships, Finance and Green InnovationBetween July and September 2026, NETFUND strengthened its position as a convener and facilitator of environmental and climate finance by expanding strategic partnerships, mobilizing resources and advancing a pipeline of transformative initiatives. Working with government, development partners, the private sector, civil society and research institutions, the Fund advanced interventions in climate resilience, biodiversity conservation, landscape restoration, circular economy and green enterprise development.KES 2BKES 2BANNUAL RESOURCE MOBILIZATION AMBITIONNETFUND is targeting KES 2 billion in resource mobilization during FY 2026/27 to support climate change mitigation and adaptation, biodiversity conservation, circular economy initiatives and pollution control.MOBILIZED FOR PROJECT FORMULATIONJUST TRANSITION PARTICIPANTSRepresentatives engaged through capacity-building workshops in Laikipia and Nakuru counties.KES 93MKES 93M8080 Project Formulation Grants Mobilized to support the design of locally led adaptation and ecosystem resilience projects.
CLIMATE FINANCECLIMATE FINANCECLIMATE FINANCEMobilizing Finance for LocallyMobilizing Finance for Locally Led Climate ActionLed Climate Action Mobilizing Finance for Locally Led Climate ActionAs an accredited National Implementing Entity of the Adaptation Fund, NETFUND mobilized KES 93 million in project formulation grants to support locally led adaptation initiatives in Turkana and West Pokot, as well as an ecosystem resilience project covering Nakuru and Narok counties.From Finance to Climate ResiliencePreparePreparePrepareDevelop locally led adaptation initiativesImplementImplementImplementSupport community-led actions on the groundStrengthenStrengthenStrengthenBuild ecosystem resilienceEmpowerEmpowerEmpowerEnhance community well-being and livelihoods Strengthening long-term climate finance readinessStrengthening long-term climate finance readinessStrengthening long-term climate finance readiness Beyond project-level financing, NETFUND continued strengthening its institutional capacity to mobilize climate finance at scale. During the quarter, the Fund advanced preparations for Green Climate Fund accreditation, strengthened its resource mobilization systems, and developed policies aimed at deepening private-sector engagement and expanding long-term access to climate finance. Investing in resilient landscapesInvesting in resilient landscapesInvesting in resilient landscapes NETFUND participated in two technical missions with the World Bank, led by the State Department for Environment and Climate Change and the State Department for Forestry, to advance the Investing in Nature-Based Solutions: Partnerships, Innovation, Restoration and Enterprise (INSPIRE) Project as additional financing for the Kenya Watershed Services Improvement Project (KEWASIP). Covering Laikipia, Nyandarua, Isiolo and Marsabit counties within the Upper Ewaso Ng’iro North Basin, the initiative seeks to strengthen landscape resilience, restore critical ecosystems and improve the sustainable management of natural resources. Exploring innovative nature financeExploring innovative nature financeExploring innovative nature finance NETFUND also strengthened engagement with development partners on new approaches to financing nature. A bilateral engagement between FCDO Kenya and NETFUND’s Chief Executive Officer, convened under the leadership of the Principal Secretary for the State Department for Environment and Climate Change, explored innovative nature-finance approaches that Kenya could leverage to scale environmental initiatives.Access climate financeMobilizeMobilizeMobilize 2
Partnerships That Turn Ambition into ActionPartnerships That Turn Ambition into ActionProgramme implementationResource mobilizationClimate financeCapacity buildingGreen innovation development & scalingDuring the quarter, NETFUND strengthened engagement with the World Bank, African Development Bank, International Finance Corporation, UNDP, FCDO, Impact Fund Denmark and government agencies to co- design environmental and climate-resilience interventions aligned with national and sector priorities. These partnerships are helping connect environmental priorities with finance, technical expertise and opportunities for sustainable investment. SOMO Africa: scaling green enterpriseSOMO Africa: scaling green enterprise NETFUND and SOMO Africa signed a Memorandum of Understanding, creating opportunities for joint action in environmental sustainability, climate finance and green enterprise development. TakaTaka ni Mali: investing in circular solutionsTakaTaka ni Mali: investing in circular solutions NETFUND and TakaTaka ni Mali signed a Memorandum of Understanding to strengthen collaboration on sustainable waste management and circular economy development. The partnership opens opportunities for joint resource mobilization, technical support and development of sustainable livelihood initiatives.STRATEGICSTRATEGIC PARTNERSHIPSPARTNERSHIPS STRATEGIC PARTNERSHIPS NETFUND is working with Jumuiya ya Kaunti za Pwani, UNDP/BIOFIN, the Nairobi Securities Exchange and FSD Africa to design the Go Blue Green Bond Programme. The programme aims to mobilize private capital for blue-green investments across Taita Taveta, Kwale, Mombasa, Kilifi, Tana River and Lamu counties, creating new financing opportunities for sustainable development along Kenya's coast.Go Blue Green Bond ProgrammeGo Blue Green Bond ProgrammeCircular EconomyResource MobilizationSustainable Waste ManagementGreen Livelihoods 3
CIRCULAR ECONOMYCIRCULAR ECONOMYCIRCULAR ECONOMYNETFUNDBuilding a Circular Economy Investment PipelineBuilding a Circular Economy Investment PipelineNETFUND is supporting the development of a National Circular Economy Transformative Programme aimed at addressing solid-waste management challenges in Kenya's major cities and urban centres. The initiative brings together government and development partners to identify financing gaps, priority interventions and scalable investment opportunities that can accelerate Kenya's transition towards a more circular economy.Led by the State Department for Environment and Climate Change, working with NETFUND and NEMA, the programme is being developed through engagement with UNDP, the World Bank and Impact Fund Denmark.A nationwide rapid assessmentA nationwide rapid assessmentWaste Systems & Material FlowsAssessing how waste is generated, collected, managed and recovered to identify opportunities for better resource use, recycling, recovery and value creation.Policy & Institutional ReadinessExamining existing policy and institutional frameworks to identify gaps and opportunities for stronger coordination and an enabling environment for circular economy investment.Circular Economy Value ChainsIdentifying emerging value chains, enterprises and existing initiatives with potential to deliver environmental, social and economic benefits while creating opportunities for green enterprise development.Finance & Investment OpportunitiesMapping financing gaps, existing and pipeline projects, private-sector participation, and scalable investment opportunities.6 REGIONS6 REGIONSASSESSMENT COVERAGERepresentative national coverage to identify priority gaps and scalable investment opportunities.From evidence to investment From evidence to investmentThe assessment will help identify existing and pipeline projects, priority interventions and scalable opportunities capable of delivering environmental, social and economic benefits. The findings will provide an evidence base for programme development and future resource mobilization, helping transform promising circular economy opportunities into investment-ready interventions.PRIORITIZEDEVELOPMOBILIZEWith support from UNDP, a joint Task Team undertook a rapid assessment across selected counties representing Kenya's regional economic blocs. The assessment is helping identify financing gaps, priority interventions and scalable investment opportunities that can inform the design of the national programme.Build a pipeline of scalable projectsConnect viable opportunities with financeUnderstand systems, gaps and opportunitiesIdentify high-impact interventionsASSESS01020403 4
A Just Transition That Works for People and NatureA Just Transition That Works for People and NatureNETFUNDLeading the way to a greater future Leading the way to a greater futureCAPACITY BUILDINGCAPACITY BUILDINGCAPACITY BUILDINGNETFUND is advancing the Just Transition agenda under the Nature, People, and Climate (NPC) Country Investment Plan, helping to ensure that climate action delivers meaningful benefits for ecosystems, communities, and local economies. Working with the International Labour Organization, Climate Investment Funds, and the World Bank, NETFUND convened capacity-building workshops in Laikipia and Nakuru counties, bringing together 80 representatives from national and county governments, technical institutions, development partners, and the NPC Technical Working Group. The workshops strengthened participants’ capacity to integrate climate action, green jobs, sustainable livelihoods, social inclusion, and equitable economic opportunities into programme design and implementation, while contributing to the development of a Just Transition Framework and Action Plan for the NPC Programme. NETFUND is advancing the Just Transition agenda under the Nature, People, and Climate (NPC) Country Investment Plan, helping to ensure that climate action delivers meaningful benefits for ecosystems, communities, and local economies. Working with the International Labour Organization, Climate Investment Funds, and the World Bank, NETFUND convened capacity-building workshops in Laikipia and Nakuru counties, bringing together 80 representatives from national and county governments, technical institutions, development partners, and the NPC Technical Working Group. The workshops strengthened participants’ capacity to integrate climate action, green jobs, sustainable livelihoods, social inclusion, and equitable economic opportunities into programme design and implementation, while contributing to the development of a Just Transition Framework and Action Plan for the NPC Programme.Protecting and restoring the natural assets that communities and economies depend on. Protecting and restoring the natural assets that communities and economies depend on.Nature PeopleNature PeopleEnsuring climate and environmental investments translate into resilient livelihoods, inclusion and shared opportunity. Ensuring climate and environmental investments translate into resilient livelihoods, inclusion and shared opportunity.Nature VenturesNature Ventures Supporting green enterprises and sustainable investment opportunities. Supporting green enterprises and sustainable investment opportunities.Learning from practiceLearning from practiceNature CapitalNature Capital From Nature to OpportunityFrom Nature to Opportunity Learning extended beyond the workshop room. Participants visited conservation sites, regenerative agriculture enterprises, and community-based environmental initiatives, gaining practical exposure to approaches that connect environmental sustainability with socio-economic development. These engagements strengthened institutional capacity and cross-sector collaboration while helping lay the groundwork for inclusive, resilient, and people-centred climate investments across the Lake Victoria South Basin and Ewaso Ng’iro North Basin landscapes. 5
The Fund has developed a concept on technical assistance for the analysis and evaluation of non-timber forest product (NTFP) value chains. The proposed intervention seeks to unlock the economic potential of forest resources while strengthening sustainable forest management. LOOKING AHEADNETFUND will continue building strategic partnerships, strengthening climate-finance readiness and developing investment-ready initiatives that connect environmental restoration with resilient livelihoods and inclusive green growth.New Frontiers in Green Finance andNew Frontiers in Green Finance and EnterpriseEnterprise New Frontiers in Green Finance and Enterprise Entering international carbon marketsEntering international carbon marketsEntering international carbon markets The Fund is designing two flagship carbon initiatives: an Agriculture, Forestry and Other Land Use (AFOLU) Carbon Project and a Clean Cooking Carbon Project. The initiatives are intended to generate high-quality carbon credits while delivering environmental and socio-economic benefits.ForestForest conservationconservation Forest conservationmitigationmitigationmitigationSustainableSustainable landland managementmanagement Sustainable land managementImprovedImproved livelihoodslivelihoods Improved livelihoodsAccess toAccess to clean-energyclean-energy solutionssolutions Access to clean-energy solutions A major institutional milestone was NETFUND’s successful registration with the Gold Standard Foundation as a Carbon Project Developer, positioning the Fund to develop, implement and manage carbon projects aligned with internationally recognized standards and best practices.Unlocking value from non-timber forest productsUnlocking value from non-timber forest productsUnlocking value from non-timber forest productsStrengthen community enterprisesExpand private- sector participationEnhance revenues from public-private partnerships in forest management and ecotourism. The concept is being pursued for support from the Italian Climate Fund and has been submitted to the relevant Principal Secretaries for review and approval in line with the Public Finance Management Regulations, 2022.Together, we can turn climate and environmental priorities into investable, community-centred solutions. PARTNER WITH NETFUNDIncrease green jobs INNOVATIONINNOVATION PIPELINEPIPELINEINNOVATION PIPELINE NETFUND continues to explore innovative financing approaches that transform environmental and climate priorities into investable solutions, while creating opportunities for communities and green enterprises. 6
NETFUNDNETFUNDLeading the way to a greener futureLeading the way to a greener futureThank you for your continued support, partnership, and commitment to environmental sustainability. We appreciate your interest in NETFUND’s work and your role in advancing conservation, climate resilience, and sustainable development across Kenya. Thank you for your continued support, partnership, and commitment to environmental sustainability. We appreciate your interest in NETFUND’s work and your role in advancing conservation, climate resilience, and sustainable development across Kenya.Talk to us: info@netfund.go.keTalk to us: info@netfund.go.ke@NETFUNDKENYA@NETFUNDKENYANational Environment Trust FundNational Environment Trust Fund@netfundkenya@netfundkenyaEngage with usEngage with us@NETFUNDKENYA2021@NETFUNDKENYA2021www.netfund.go.kewww.netfund.go.ke