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Kenya takes off

The first National Water Financing Facility (NWFF), Kenya Pooled Water Fund (KPWF), has been initiated in Kenya with support of the Netherland Embassy in Nairobi, the Kenyan National Treasury, the Ministry of Water and Irrigation, the Water Sector Trust Fund, USAID, SIDA and SNV. The Kenyan NWFF has been incorporated with a Kenyan Board and senior staff members and expects the first pooled bond to be issued in 2018. The projects in first bond issuance will provide new services to aprox. 400,000 people of which 25% are living in designated Low Income Areas. We expect the Kenya NWFF to be able to plan similar bond issuances each year going forward.

Currently, the WASREB has identified 13 potential investment-grade utilities deemed capable of servicing external debt

‘One of the lessons we learnt is that technical assistance is continuously necessary.’

 

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