The county green investment facility: Creating a pipeline of bankable green projects in Kenya
FSD Kenya, PwC, The National Treasury And Economic Planning
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Abstract: In October 2024, FSD Kenya launched the County Green Investment Facility to catalyze a pipeline of investable green projects across 10 Kenyan counties:Embu, Kirinyaga, Kisumu, Laikipia, Nairobi, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir. This initiative follows a comprehensive green finance assessment (Oct 2022 - Apr 2024) that identified county-level green assets and investment potential in areas such as renewable energy, climate-smart agriculture, green housing, and water infrastructure. The facility, managed by PwC Kenya and supported by partners like the National Treasury and ADA Consortium, aims to prepare 50 viable green investment proposals (five per county) and match them with appropriate financing instruments including debt, equity, grants, and blended finance. While it does not provide direct funding, the facility offers technical assistance, due diligence, and investor engagement to bridge the gap between county-level green project opportunities and the green finance market. By strengthening the financial and technical readiness of county projects, the facility positions them for scalable, sustainable impact aligned with Kenya's climate and development goals.