Early Warning System

Regions

Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Kenya

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

African Development Bank (AFDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 15, 2024

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Kenya - National Treasury and Economic Planning

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 200.08 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 7, 2025

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of an ADB Loan of one hundred twenty-seven million and two hundred thousand Euro (EUR 127,200,000) and ADF Loan of forty-five million UA (UA 45 million) to the Republic of Kenya to finance the Economic Inclusion and Green Recovery Support Programme (EIGRSP). The proposed loan is the first of a three-year series designed in response to a request submitted to the Bank by the Government of the Republic of Kenya in August 2024.

The overarching development objective of the programme is to strengthen governance reforms to accelerate a resilient, inclusive, and green economic recovery in Kenya. The programme builds on the achievements of the CERSP operation that was approved by the Board in 2021 and that focused on promoting economic governance and economic inclusion and green growth. By promoting economic inclusion and green growth, the proposed operation will contribute to reduction in youth unemployment, gender gaps, and Greenhouse gas (GHG) emissions. Reforms that optimize PFM systems that are used to manage public finances have the potential of reinforcing Government accountability and raising levels of fiscal discipline while building the country's resilience in anti-corruption actions.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

African Development Bank (AFDB)

Finance Type: Standard loan
Commitments (UA): 150,471,762
Conversion Rate USD (2024-12-15): 1,32974

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Angelique UMUBYEYI
Governance Officer, ECGF2
African Development Bank
a.n.umubyeyi@afdb.org
www.afdb.org