MDF Theses and Dissertations

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Browsing MDF Theses and Dissertations by Author "Bundi, P. K."

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    An Investigation of the challenges in sustainable finance for water and sanitation in Kenya
    (Strathmore University, 2023) Bundi, P. K.
    Water and sanitation are critical to achieving the Sustainable Development Goals in addition to having an impact on health, particularly that of children under the age of five. Economic losses prevalent because of increased household expenditures on health-related expenditures and decreased productivity because of water and sanitation-related diseases, translate into additional budgetary allocation requirements for curative health that could otherwise be used for developmental initiatives and projects in a country's economy. The study set out to investigate the challenges that impede sustainable financing of water and sanitation, as well as to investigate solutions that will aid in bridging the gap in the sustainable financing of water and sanitation in Kenya. The sustainability theory and stakeholder theory formed the foundation of this study. A qualitative research design was used for the study, with the respondents comprising of officials from the Ministry of Health (MoH) (national and county), the Ministry of Water, Sanitation, and Irrigation (MoWSI), developmental organisations, and financial institutions. The study gathered qualitative data from 30 experienced key informants and an interview guide was used to guide the interviews. Content analysis was used to analyse qualitative data, and the results were presented in prose form. The challenges impeding sustainable finance in water and sanitation including inadequate financing, dependency syndrome, rapid urbanisation, affordability, and knowledge gaps were examined, and solutions to bridge the gap in water and sanitation financing were discussed. Financial innovations such as blended finance, institutional arrangements, improvement of the regulatory framework, promotion of accountability in water and sanitation financing were among the solutions. Alignment of the solutions brought out the fact that water and sanitation sector harmonisation was crucial for its sustainable financing to aid in enhanced intersectoral monitoring and knowledge harmonisation, which would not only improve information exchange for improved sector monitoring and informed investment choices for the sector's sustainable finance for water and sanitation but also aid in the development of the water and sanitation sector financing governance framework. With these a market that attracts sustainable finance for the sector because of increased transparency, readily available information, and a market whose risks have been evaluated, mitigation measures developed, and information made available to all stakeholders, would result in the development of suitable financial solutions, and enhanced access to sustainable finance. Key Words: Sustainable Finance, Sustainable Development Goals, Stakeholder