Investment Criteria
- Home
- How We Work
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’.
Repayment conditions are negotiated between the lead developer and KIFFWA. KIFFWA’s primary instrument is a ‘convertible grant’.
- Loan
- One-off fee
- Equity stake
- Mezzanine (hybrid of debt and equity)
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: [email protected].
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
- Capital Expenditure
- Legal Advisory Services
- Project Management Costs
- Securing of Easements / Wayleaves
- Execution of Commercial Agreements
- Procurement of EPC and O&M Contractors
- Obtention of permits, licenses and other approvals
- Completion and Update of Technical Studies
- Financial Advisory Services including Transaction Advisory and Fund Raising
We are a
co-developer of
water initiatives
in Kenya.
Get an Appointment Today!
Intake & Investment Process
Generally, the KIFFWA intake and investment process can be summarised as follows:
(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.
