It provides early-stage capital, finance and technical expertise to support the creation of viable water investment opportunities and attracts private sources of funding.
In 2019, KIFFWA made progress on co-developing water initiatives to contribute to a strengthened and resilient Kenyan water sector. After a second full year of operation, KIFFWA doubled the number of Joint Development Agreements from four in 2018 to eight in 2019. KIFFWA’s pipeline counted 17 potential projects by December 2019 with an estimated total development budget of EUR 19 million. This amount is expected to attract EUR 267 million in early-stage funding and capital expenditure, representing a leverage factor of 14. This means that each EUR 1 spent on project development potentially generates EUR 14 of private finance for the Kenyan water sector.
For more information on KIFFWA and the Kenyan water market, contact Rick Elmendorp.