PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607072

Primary Business Area

Financial Institutions Group

Disclosure Date

Jun 2, 2023

Country

Kenya

Region

Africa

IFC Approval Date

Sep 8, 2022

Status

Completed

Estimated Total Budget

$298,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 4, 2026

Project Estimated Start Date

Sep 1, 2022

Project Estimated End Date

Jun 30, 2024

Project Description

The project will support ABSA bank to expand its green lending activities across its business units, specifically through provision of technical support in green finance strategy development, fine-tuning green lending products, training of Client staff and development of monitoring tools for the use of the banks green finance reporting. The project will be delivered through the following modules: Module 1: Providing input to the Client’s climate finance strategy including: - An updated market understanding for focus sectors - An institutional assessment showing recommendations to roll out an ambitious climate finance strategy - Setting up of KPIs and middle/long term objectives Module 2: Sector studies covering the wants and needs for Sustainable Energy Finance: - Undertake targeted sectors studies aligned with the strategy and key focus areas - Undertake a SWOT analysis of the Client’s competitiveness in the targeted sectors - Map out capacity gaps in regard to the needs of the industry - Identify potential partnerships that the Client can forge with technical partners and intermediaries to scale up green finance. Module 3: Trainings and awareness sessions for the Client’s staff in line with capacity gaps and strategy covering: - Energy Efficiency - Renewable Energy - Green Buildings - The IFC Green Building application Excellence in Design for Greater Efficiencies (“EDGE”) Tool. EDGE is a green buildings certification tool providing developers and others with a tool to optimize the design of their buildings to meet green standards. Module 4: Risk mapping and product development: - Mapping of the risks in the targeted sectors (technical/operational/credit) - identification and development of mitigation instruments/measures Module 5: Transaction support Provide technical specialist review and support for complex green transactions to help the Client’s team with on-the-job learning and enhance the team’s understanding and appraisal of climate finance business models.

Development Results

E&S Risks / Impacts and Mitigation