Beneficiaries of the National Bank of Kenya (NBK) funding program include micro, small and medium enterprises (MSMEs), corporations, public and private entities, vendors, technology providers, and product and service providers in the water, sanitation and hygiene value chain. to the connectivity of remote areas. The program has been operational since September 30e, 2021.
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NBK makes Kshs 5 billion, or over $ 45.2 million, available to these stakeholders. “It will provide flexible financing solutions to the investment needs of Water Sanitation Programs (WSP) to accelerate the commercial viability and social impact of the water economy under two different facilities. referred to as ‘Jenga Biashara loan’ and ‘infrastructure project loans’ which target household connections, installation of smart meters, solar projects and other efficiency improvement assets ”, says Kenya’s Ministry of Water, Sanitation and Irrigation.
Achieve universal water coverage by 2030
The program will also create more sustainable sources of capital for infrastructure finance and improve governance standards and financial performance of water service providers. NBK implements the financing program in partnership with Aqua for All.
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By improving water, sanitation and hygiene services, the Kenyan government is also aiming to accelerate the fight against the Covid 19 pandemic which is affecting this East African country. Regarding the “water” component, the Kenyan Ministry of Water, Sanitation and Irrigation aims to achieve universal coverage by 2030.