Resilient Municipal Market Fund (Remark)

credit: Flickr

One of the world's oldest and largest food markets, in Nairobi, Kenya, is about to get a major boost from the World Bank.

The facility, called ReMark, will provide $100 million in loans and grants to help modernize the city's 2,000-year-old market, which is a key source of food for hundreds of millions of people in Kenya and across Africa, the BBC reports.

It will also help the market reduce food waste and greenhouse gas emissions, according to a World Bank press release.

It's the first such facility of its kind in Africa, and the bank says it's designed to address the "central barriers that have hindered investment in climate resilient food systems," the Guardian reports.

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