Kenya Pooled Water Fund (KPWF), is a non-profit Kenyan Company established to provide water service providers (WSPs) access to capital market financing for their infrastructure needs. This is done by pooling WSPs’ loans to back a bond issuance as part of annual program. KPWF’s bond program will help bridge the funding gap of the water and sanitation sector which is currently estimated at KES 1,172 Billion (€ 10 Billion/ $12.6 Billion).
KPWF is the first initiative under the Kenya Innovative Finance Facility for Water (KIFFWA) that involves the development and financing of bankable proposals for water utilities(WSPs). The concept draws in and combines donor guarantees and local capital markets (bonds issuance) to lend to utilities the required finances at affordable rates. Six utilities i.e. Embu, Thika, Nairobi, Kisumu, Nyeri and Meru, have agreed to fully participate in the 1st round of bond issuance to inject the required financial resources for infrastructure development.
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