capital-markets-kenya-credit-enhancement-facility-reviewed-by-jg-48a81f53a8ab61bf.pdf

FSD Africa is supporting the establishment of the Kenya Credit Enhancement Facility (KCEF), a proposed non-bank financial institution designed to provide 100% irrevocable and unconditional credit guarantees for long-term local currency debt tied to infrastructure projects in Kenya.

• The Kenya Credit Enhancement Facility (KCEF) is being developed as a non-bank financial institution to provide 100% irrevocable and unconditional credit guarantees for long-term local currency debt backed by infrastructure-related projects. This mechanism transfers credit risk from the sponsor to KCEF, aiming to enable domestic institutional investors to invest in sponsor-issued bonds due to KCEF's high target rating.
• The KCEF aims to achieve several outcomes in the Kenyan market, including increasing the availability of long-term capital for sustainable infrastructure, increasing the number of fixed income products for institutional investors, and boosting investor confidence and participation in corporate infrastructure financing debt instruments.
• As of October 2022, the KCEF business plan is currently under development, and the project is engaging with stakeholders, including the Kenya Capital Markets Authority and potential investors.

APA

FSD Africa (2022). capital-markets-kenya-credit-enhancement-facility-reviewed-by-jg-48a81f53a8ab61bf.pdf. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Kenya-Credit-Enhancement-Facility-Reviewed-by-JG.pdf

Chicago

FSD Africa. capital-markets-kenya-credit-enhancement-facility-reviewed-by-jg-48a81f53a8ab61bf.pdf. 2022. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Kenya-Credit-Enhancement-Facility-Reviewed-by-JG.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=capital-markets-kenya-credit-enhancement-facility-reviewed-by-jg-48a81f53a8ab61bf.pdf |date=October 2022 |url=https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Kenya-Credit-Enhancement-Facility-Reviewed-by-JG.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2022capitalmarketskenyacreditenhancementfacilityreviewedbyjg48a81f53a8ab61bfpdf, author = {{FSD Africa}}, title = {{capital-markets-kenya-credit-enhancement-facility-reviewed-by-jg-48a81f53a8ab61bf.pdf}}, institution = {FSD Africa}, year = {2022}, month = oct, url = {https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Kenya-Credit-Enhancement-Facility-Reviewed-by-JG.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }