The International Finance Corp. has said it can help raise USD100 million in initial investment for sustainable energy projects in Kenya over the next five years.
IFC’s Climate Change Investment Program in Africa is providing advisory services and investments to financial institutions in Kenya to help build a market for sustainable and renewable energy projects. The program is also focusing on capacity building and raising awareness around sustainable energy investments.
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The Kenyan government has identified an immediate market of renewable energy projects worth at least USD2.5 billion that are open to private sector investments.
