- Kenyan water firms are seeking about $7.1 billion from the capital markets for various projects.
- The initiative is a liaison between the Kenya Association of Stockbrokers & Investment Banks and the Eldoret Water and Sanitation Company.
- Traditionally, water service providers rely on tariffs, taxes, transfers, loans, bonds, and equity investments for funding.
Kenyan water firms have received the greenlight to secure fresh financing through the capital markets. Data shows that the utilities want to plug a funding shortfall of about $7.1 billion required for water projects.
The development comes following a collaboration between the Kenya Association of Stockbrokers and Investment Banks and the Eldoret Water and Sanitation Company.
KASIB and Eldoret Water and Sanitation Company partnership will establish alternative financing options through the bourse. The deal paves the way for water companies in Kenya to explore ways of raising capital through the stock market.
Water funding shortage in Kenya
Overall, …
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