Players in the tourism industry are calling for the adoption of blended finance mechanisms to strengthen tourism recovery and long-term sustainability. The Cabinet secretary in the Ministry of Tourism is proposing combining public funds, private capital, and development financing to unlock affordable financing while reducing risk for investors. Miano, who was speaking during the 4th Global Tourism Resilience Day in Nairobi, noted that the funds will support vulnerable destinations facing climate shocks and will, in turn, help protect jobs and safeguard livelihoods.
