Nairobi, April 21 -- Kenya seeks to mobilise up to $150 billion (Sh19.4 trillion) in nature-related financing over the next decade to close a widening biodiversity funding gap and strengthen the country's case for sustainable investment.

An UN-backed programme dubbed the Biodiversity Finance Initiative (BIOFIN) will serve as a national platform to mobilise between Sh12.9trillion($100 billion) and Sh19.4 trillion ($150 billion) in financing opportunities tied to biodiversity conservation and sustainable use of natural resources.

It was unveiled on Tuesday in partnership with the United Nations Development Programme (UNDP). Under the initiative, Kenya will prioritise policy reforms, develop pipelines of investable conservation projects, a...