AFD financed the reforestation of southern and western areas of Aberdares through the Green Belt Movement; an NGO founded in 1977 by Nobel Peace Prize winner, Wangari Maathai (2004).
AFD supports the City of Kisumu located on the shores of Lake Victoria in terms of access to water and sanitation (rehabilitation of the existing system), as well as developing basic services (Kisumu Urban Project).
AFD has supported the production of geothermal energy in Olkaria. This project has helped reduce significantly the price of electricity.
AFD together with the World Bank has financed the expansion of the Jomo Kenyatta International Airport. The new Terminal 1 was commissioned in 2014 and has significantly increased the capacity of the airport in terms of number of passengers and also improved passenger's safety.
Signing of Grant Agreement for Lake Victoria Water and Sanitation Project Kisumu (LVWATSAN) and Credit Agreement for the Kenya Informal Settlements Improvement Project (KISIP)
The National Treasury signed on Thursday 17th December 2015 with the French Development Agency (AFD) two Financing Agreements: a Grant Agreement of 5 million EUR (550 million KES) for the Lake Victoria Water and Sanitation Project Kisumu (LVWATSAN) and a Credit Agreement of 45 million USD (4.6 billion KES) for the Kenya Informal Settlements Improvement Project (KISIP). The Agreements were signed by the Cabinet Secretary of the National Treasury Mr. Henry Rotich and the AFD Regional Director Mr. Yves Boudot. The French Ambassador, H.E Mr. Rémi Maréchaux also present at the ceremony, co-signed both Financing Agreements.
The signing ceremony was witnessed by representatives of the Ministry of Water, Lake Victoria South Water Services Board, Ministry of Land, Housing and Urban Development, and development partners participating in the financing of the 2 programs, notably the European Investment Bank (EIB) and European Union Delegation for the water project and the World Bank for the KISIP.
co-financed with European Investment Bank (EIB) – 35 M EUR, EU-Africa Infrastructure Trust Fund
(5 M EUR) and GoK (10M EUR), with AFD as the lead donor. The project has a significant sanitation component, with the objective of protecting Lake Victoria, an important national and regional water resource, which not only supplies water to the towns around the Lake, but also has great potential for the development of regional lake transport and tourism.
KPLC and AFD sign a 56 Million Euros (6 Billion Kenyan Shillings) Financing Agreement for the Implementation of Kenya Power's Distribution Masterplan
Kenya Power Managing Director and Chief Executive Officer, Dr. Ben CHUMO, together with the Regional Director of AFD Nairobi Office, Mr. Yves BOUDOT, in the presence of the French Ambassador to Kenya, H.E. Mr. Rémi MARECHAUX, signed on December 11th, 2015 in Nairobi a financing agreement for the provision by AFD of a 56 M€ loan to Kenya Power.
The funds made available to Kenya Power will partially support the implementation of the company’s Distribution Masterplan for 2012-2030. The investments will strengthen and expand the distribution network of the power utility in three major zones of economic activity in Kenya: Mombasa, Kisumu and Nairobi.
Signing of a credit line of 10 M€ with Commercial Bank of Africa in favor of renewable energy and energy efficiency projects (SUNREF program) in Kenya
On 23rd November 2015, AFD and Commercial Bank of Africa (CBA) signed, in the presence of the Ambassador of France Mr. Rémi Maréchaux, a financing agreement for a concessional credit line of an amount of 10 Million Euros, in order to finance small-scale investments projects in energy efficiency and renewable energy in Kenya.
SUNREF (Sustainable Use of Natural Resources and Energy Finance), the « green finance » label of AFD is an integrated approach in favor of environmental finance. This initiative aims at promoting investments in the energy and environmental services within developing countries, thanks to the combination of both financial and technical approaches.
SUNREF program: AFD signs with Chase Bank in favor of renewable energy and energy efficiency projects
SUNREF (Sustainable Use of Natural Resources and Energy Finance), is an AFD initiative aiming at promoting investments in the energy and environmental services within developing countries, thanks to the combination of both financial and technical approaches. The partnership with Chase Bank joins in this framework and is translated by a concessional credit line of 10 million euros which can be extended to 30M€, to finance small-scale projects in Kenya.
Chase Bank, a bank working with SME’s