Kenya pushes blended finance for climate
Kenya’s Special Climate Envoy engaged Climate Fund Managers to unlock blended finance for renewables, adaptation, EVs and infrastructure using carbon markets and Green Climate Fund support. The discussions focus on matching concessional capital with private flows to scale African climate projects. (x.com)
Ambassador Ali D. Mohamed serves as Kenya’s Special Envoy for Climate Change in the Executive Office of the President and has chaired the African Group of Negotiators on climate talks (kiico.investkenya.go.ke). (kiico.investkenya.go.ke) Climate Fund Managers (CFM) reports over USD 2 billion in assets under management with a stated target to mobilize an additional USD 6 billion of blended climate capital for emerging markets (climatefundmanagers.com). (climatefundmanagers.com) CFM’s Climate Investor One (CI1) is described on its site as a USD 1 billion blended-finance facility focused on renewable energy infrastructure in Africa, Asia and Latin America, demonstrating the firm’s operating model for matching concessional public finance with private investors. (climatefundmanagers.com) Climate Investor Three (CI3) was launched on 12 February 2025 with initial donor commitments of EUR 150 million targeting energy-transition and green-hydrogen opportunities, illustrating precedent for donor-backed tranches that de-risk private capital for early-stage transition projects. (climatefundmanagers.com) The Green Climate Fund approved a blended-finance facility of USD 96.9 million (KSh 12.5 billion) for KCB Bank Kenya under the Climate Smart Technology programme, structured as concessional lending plus a guarantee and grant to crowd in private finance for MSMEs and farmers (ke.kcbgroup.com). (ke.kcbgroup.com) Kenya secured the bid to host the Green Climate Fund’s regional office for Eastern and Southern Africa in Nairobi, which centralizes GCF regional engagement and could streamline pipeline development and accreditation for blended instruments in the region (kbc.co.ke). (kbc.co.ke) Kenya co-led the Coalition to Grow Carbon Markets, launched at London Climate Action Week in June 2025 with Kenya’s Special Climate Envoy as a co-chair, signaling a policy push to scale carbon-market mechanisms that can be paired with concessional support to mobilize private finance (fsdkenya.org). (fsdkenya.org)
