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PBOS URGED TO CURB TERROR FINANCING, BOOST FUNDING STRATEGIES

  • | KNA Video
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    Duration: 3:26
    Public Benefit Organisations (PBOs) have been urged to stay vigilant against terrorism financing risks while adopting innovative funding strategies to remain sustainable amid declining donor support. The call comes as Kenya seeks to exit the Financial Action Task Force grey list. Speaking in Mombasa, Laxmana Kiptoo emphasized the need for stronger compliance and a risk-based approach. Despite receiving Sh246.7 billion, the sector remains heavily reliant on foreign funding, exposing it to global economic shifts. Organisations have been encouraged to diversify income sources, including local and income-generating initiatives, as reforms under the PBO Act and new regulations take effect.