Aiden K 
The county green investment facility, an initiative aimed at mobilising green finance for development priorities in 10 Kenyan counties (Embu, Kirinyaga, Kisumu, Laikipia, Nairobi City, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir), is up and running.
The facility, fully funded by FSD Kenya, will support counties in developing bankable green projects and attracting investors.
It will be managed by PwC Kenya and implemented in partnership with ADA Consortium, the 10 county governments, and the National Treasury and Economic Planning.
The facility has already commenced operations, with meetings held with some county governments to identify potential green projects.
The county green investment facility builds on the findings of the county green finance assessment, conducted between October 2022 and May 2023, which revealed significant untapped potential for green investments at the county level.
The facility will work with these counties to develop a pipeline of up to 50 investable green projects, assisting counties in preparing investment proposals that meet investor requirements.
It will also match projects with suitable financial instruments, including debt instruments, private equity, public sector allocation, grants, and blended finance options.
This approach aims to bridge the gap between commercially viable green projects and the demands of the green finance market.
While the facility does not provide direct financing or guarantee investment, it aims to equip counties with the necessary tools and support to attract investment for their green projects.
By fostering collaboration and expertise, the facility seeks to overcome challenges hindering green project development and unlock green finance opportunities for local communities.
