KENYA: Infra Fin (IFC-603144)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Kenya
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 29, 2019

Disclosed by Bank May 8, 2019


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Project Description

The activities under the Advisory Services Project seek to support select county governments in undertaking upstream pre- and full feasibility studies in the high-impact devolved sectors of local infrastructure and affordable housing for conceptualization of market-based and replicable business templates/models nationwide, while proposing new policies and/or structural reforms in existing legal and regulatory frameworks, as appropriate.

The objective of the Advisory Services (AS) project is to mobilize private finance, enabled by upstream interventions and de-risking tools, to create new markets that unlock private investment and drive development in the sectors of local infrastructure and affordable housing for counties. The key deliverables under the project include enhanced county government capacity to develop PPP pipelines, generation of innovative county PPP sector models and adoption of new policies and/or structural reforms in existing legal, regulatory and institutional frameworks to address existing market failures.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/