President William Ruto has formed a National Drought Response Steering Committee to be chaired by Safaricom CEO Peter Ndegwa.
ABC Bank’s Group Managing Director, Shamaz Savani, together with CEOs of Equity Bank Group, Diamond Trust Bank, KCB, and Family Bank were appointed as members of the Committee.
According to a Gazette Notice issued on Monday, the committee’s formation was necessitated by the need to institutionalise the framework for mobilizing additional resources to address the worsening drought impacts.
The committee’s primary interventions, according to President Ruto, will be in the areas of food, water, livestock, health, wildlife, energy, education, security, forestry, agriculture, and irrigation.
The committee will be tasked with establishing a private-sector-led National Drought Mitigation Appeal Fund in conjunction with the Kenya Red Cross, as well as mobilizing resources to supplement the government’s drought response program in alleviating the impact of the country’s drought.
The committee will also work with the national and county governments to strengthen the national capacity for resilient recovery in order to protect development gains from recurring droughts, as well as approve the opening and closing of bank accounts to be jointly operated by a representative from the private sector, the Kenyan government, and the Kenya Red Cross.