_1659693078.jpg)
NBK Secures USD 10 Million Commitment from Impact Investor, WaterEquity, to Extend Credit to the Water, Sanitation & Hygiene (WASH) Sector
These funds will provide much-needed financing to water sector actors towards facilitating access to clean and safe water across the country.
AUGUST 5, 2022 ……National Bank of Kenya (NBK) has today announced its partnership with global asset manager WaterEquity to enhance financing to public and private water utility companies and micro, small, and medium-sized enterprises (MSMEs) boosting the KShs. 5 Billion NBK Majikonnect programme up to an additional USD 10 million.
Acting NBK Managing Director Peter Kioko reaffirmed the bank’s commitment to supporting last mile connectivity in the water sector through increased access to financing:
“We are excited to partner with WaterEquity who are intentionally focused on solving the global water crisis. NBK’s collaboration with WaterEquity will positively and significantly impact access to water, sanitation, and hygiene services and products across the country. Our partnership accentuates our focus on attaining Sustainable Development Goal 6 (SDG6) – improving access to clean and safe drinking water for all. Water remains a fundamental enabler for health, education, energy, and agriculture,” Mr. Kioko said.
“This new partnership builds on our foundational work with our WASH-sector anchor partners, Aqua for All in establishing the Majikonnect programme last year. NBK will continue to forge transformative partnerships to improve access to water services,” Mr. Kioko added.
“Lack of financing prevents millions of people worldwide from securing access to safe water and sanitation infrastructure,” said WaterEquity Chief Investment Officer John Moyer. “At WaterEquity, we believe that capital markets offer the best solution to increase access to water and sanitation at a large scale. And we’re very pleased to continue our support for expanded access in Kenya through our investment in NBK, particularly given the bank’s tremendous commitment to financing the sector,” he added.
As referenced from the Water Services Regulatory Board (WASREB) impact report 14-2020/2021, water coverage in regulated areas in Kenya stands at 60%, whilst sewerage coverage stands at 16%.
As referenced from the UN World Water Development Report 2021, it is estimated that achieving universal access to safe drinking water, sanitation, and hygiene SDG Targets in 140 low- and middle-income countries would cost approximately US$1.7 trillion from 2016 to 2030, or US$114 billion per year. The benefit-cost ratio (BCR) of such investments has been shown to provide a significant positive economic return in most regions. Economic returns on hygiene are even higher, as they can greatly improve health outcomes in many cases with little need for additional expensive infrastructure.
NBK has specialized in providing timely and efficient financial services to clients through enhanced saving plans and affordable quality credit products thus empowering them economically and socially.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
Jaipur, 18 April: Students of Jaipur have recently shown their remarkable achievement in the UPSC Civil Services Examination-
· Technopark-based Lifology holds conversation on IER 2024
Thiru
The New MOTIV Mix™ Interface Simplifies Audio Workflow and Ensures Perfect Recordings, Every Time
<
affordable thesis writing purchase sulfasalazine pills order sulfasalazine 500mg online cheap
Business / 18-04-2024
STUDENTS OF JAIPUR'S JAYSHREE PERIWAL HIGH SCHOOL BRING LAURELS TO SCHOOL IN UPSCBusiness / 18-04-2024
India Employment Report pitches for policy to promote jobsBusiness / 18-04-2024
The EMAK Festoon Silent Heroes Awards-24 Concludes at Le Méridien, KochiBusiness / 18-04-2024
Axis AMC elevates R Sivakumar to Head of Corporate StrategyBusiness / 18-04-2024
Celebrate Baby Massage Day with Johnson's Baby Oil: The Perfect Choice to help nourish your little one’s skin from day 1Pelikken © Copyright 2022, All Rights Reserved
