Africa's first water fund launches.

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Africa's first water fund has been launched in Nairobi, transplanting from Latin America and Asia a successful public-private partnership model for rehabilitating water tables.

The country, which relies heavily on its agricultural output and on hydropower, has long been concerned about the impending water stress on its economy. Research from the International Centre for Tropical Agriculture (CIAT) shows that the Tana River watershed, which feeds Kenya's capital, has been eroded by quarrying, roadbuilding and deforestation, which is reducing the quality and quantity of water flowing into the river.

Led by the Nature Conservancy and CIAT, the fund's steering committee includes the Nairobi City Water and Sewerage Company, the Kenya Electricity Generating Company, alongside East Africa Breweries and Coca-Cola. It intends to raise...

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