Investment Criteria

KIFFWA pursues an innovative way of deploying development funds and commercial capital to water initiatives in Kenya.

This is realized by providing early-stage capital and expertise to (lead) developers of water initiatives. In that way KIFFWA acts as a co-developer of a given initiative and ‘de-risks’ the lead developer of that initiative during the development phase; typically the riskiest phase of any initiative.

 

Criteria

Initiatives are identified at idea/concept stage. The overall criteria for an initiative to become part of the intake procedure include having or promoting:

  • Positive Environmental Impact
  • Positive Social Impact
  • Financial Viability
  • Technology Transfer
  • Strong Lead Developer
  • Sound Governance

 

Furthermore, initiatives should be bankable and of scale (with a size of at least EUR 2 million in total project costs). The lead developer should be a reputable person or entity with a strong track record of project development and/or management and to have invested or demonstrate skin in the project.

Repayment Flexibility

Repayment conditions are negotiated between the lead developer and KIFFWA. KIFFWA’s primary instrument is a ‘convertible grant’.

Developing Water Initiatives in Kenya

Repayment conditions are negotiated between the lead developer and KIFFWA. KIFFWA’s primary instrument is a ‘convertible grant’.

Ethics and Compliance

KIFFWA sets great store by having integrity as one of its core values. To optimize transparency and realize fair business practices, KIFFWA is committed to fight corruption, maintain the proper code of professional ethics and to protect the organisation from various associated risks.

Thorough integrity checks and procedures are therefore integrated in all of KIFFWA’s activities and relations with business partners. Should any party, nonetheless, want to raise a question or concern on matters involving non-compliance or unethical/fraudulent behavior; one can report this by sending an email to: kiffwa@ethicscompliancemc.com.

An independent Ethics and Compliance Officer (ECO) will review the case and confirm to the reporter within three business days after the email has been received. If wished for, the ECO will ensure that the reporter remains anonymous.

What We Fund/Support

We are a
co-developer of
water initiatives
in Kenya.

Get an Appointment Today!

info@kiffwa.com

Intake & Investment Process

Generally, the KIFFWA intake and investment process can be summarised as follows:

How we Work - KIFFWA Kenya Innovative Finance Facility for Water(KIFFWA)
How we Work - KIFFWA Kenya Innovative Finance Facility for Water(KIFFWA)
How we Work - KIFFWA Kenya Innovative Finance Facility for Water(KIFFWA)

(a) Quick Scan

The Quick Scan is a short introduction made by the project proponent on his initiative to allow KIFFWA’s management team to decide whether next steps are opportune.

(b) Memorandum of Understanding

If the Quick Scan and follow up discussions with the project proponent are positive, KIFFWA and the project proponent enter into an MOU. 

 
 

(c) Intake Document

This is a detailed description of the technical, legal, financial, governance, and environmental aspects of the initiative.

(d) Joint Development Agreement

The Joint Development Agreement is the contractual agreement between KIFFWA and the Lead Developer / Project Proponent.