Who We Are
The Kenya Innovative Finance Facility for Water(KIFFWA) is a co-developer of water initiatives in Kenya. It provides early-stage capital, finance, and engineering expertise to support the creation of viable water investment opportunities and attract (private) providers of finance.
To be the first-choice co-developer of water initiatives in Kenya.
To provide financial and technical support to project developers in order to catalyse investment and growth of the water sector.
- Care for the Environment
- Social Justice
- Business Orientation
The Kenya Innovative Finance Facility for Water(KIFFWA) is a co-developer of water initiatives in Kenya. It provides early stage capital, finance and engineering expertise to support the creation of viable water investment opportunities and attract (private) providers of finance.
Kenya faces water security problems resulting in an array of social, environmental and economic challenges.
Water use and water demand for different purposes (drinking, agricultural, industrial etc.) is expected to rise significantly in the coming years. Addressing these problems requires huge investments.
Finance Issues for Water
KIFFWA will support bankable initiatives that take on or manage to deal with some of the persistent finance challenges for the water sector like:
- Lack of funds (particularly on decentralized level)
- Affordability constraints
- Lack of bankable projects
- Lack of understanding by external lenders and investors
Eligible water sub sectors
KIFFWA has no water sub-sector bias, so in principle, it supports bankable initiatives in all water subsectors such as:
- Coastal zone development
- Drinking water
- Flood management
- Industry water
We Have a Timeline of All Our Events
KIFFWA provides early-stage capital and financial expertise to support the creation of viable water investment opportunities and attract (private) providers of finance. Within this range, our services include:
- Direct investments in the development phase of water initiatives
- Transaction advisory services
- Technical support
- Fundraising support
By providing early-stage capital and finance expertise to implementers, KIFFWA supports initiatives across all water sub-sectors to reach financial close. KIFFWA seeks to become a self-sufficient organization and therefore seeks to refund at the financial close in the form of a success fee, a debt, mezzanine or an equity stake in the initiative.
KIFFWA supports Lead Developers who demonstrate a strong track record of project development and who have professional management and strong industry knowledge. KIFFWA works with clearly defined lead developers and does not work through intermediaries or brokers. KIFFWA typically finances a maximum of 50% of the development budget subject to a maximum of EUR 500,000.
Kenya Pooled Water Fund (KPWF)
KIFFWA’s first area of impact was financing (investing in) an initiative that develops and finances bankable proposals for water utilities (WSPs). The initiative’s concept draws in and combines donor guarantees and local capital markets (bonds issuance) to lend the required finances to utilities at affordable rates. Our investee hopes to attract viability gap funding from development finance institutions to ensure the lowest possible rates for utilities in the water sector in Kenya.
BULK WATER SUPPLY PROJECT
KIFFWA and the lead developer, have jointly formed a special purpose vehicle, to develop a Bulk Water Supply Project (the Project)
The project is an integration of various irrigation and bulk water supply projects and agribusiness ventures. It is aimed at meeting the bulk water supply needs of domestic, livestock and land irrigation for agriculture. The project will have 3 main components:
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KIFFWA invests in the development phase of initiatives with a view to stimulating project development and increasing investment flows into the water sector. Its role is one of a co-developer.