Energy finance in Kenya
Kenya has 7 active World Bank energy projects, with $1.71 billion committed, the 7th largest of 102 countries. 77.0% of its people had electricity in 2024.
- Committed
- $1.71bn
- Projects
- 7
- Per person
- $30
- Electricity access
- 77.0%
- Without electricity
- 13 million
Active projects
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The program development objective is: (i) creating fiscal space in a sustainable and equitable manner.
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To improve financial viability of KPLC and increase access to electricity.
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To facilitate increased import of renewable energy and increased capacity of Kenya system to absorb intermittent renewable energy.
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The Project Development Objective is to increase access to modern energy services in underserved counties of Kenya
- KTDA Small Hydro Programme of Activities$5 million
Monetize and transact GHG reductions from renewable energy produced by small hydropower benefiting smallholder tea farmers in ruralKenya.
- Kenya Solar Lighting Program$5 million
The Project Development Objective is to increase access to modern energy services in underserved counties of Kenya
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Task Description These Kengen projects are part of what is being prepared for the Danish Carbon Fund.
Source: World Bank Group, updated 22 Oct 2026.
Who else finances energy in Africa
- World Bank (IBRD and IDA)Loans, credits and grants to governments for generation, transmission, distribution and access. Co-leads Mission 300 with the African Development Bank, which aims to connect 300 million Africans to electricity by 2030.
- IFCEquity and loans for private power producers, utilities and off-grid companies; the World Bank Group’s private-sector arm.
- MIGAPolitical-risk insurance and credit enhancement that make cross-border energy investments bankable.
- AfDBSovereign and private loans across Africa’s power sector, including Desert to Power; co-leads Mission 300.
- SEFAGrants and concessional finance for project preparation, mini-grids, clean cooking and green baseload, managed by the African Development Bank.
- OPEC FundPublic- and private-sector loans and grants in developing countries, with energy among its core sectors.
- IsDBSharia-compliant finance for power, renewables and energy access in its member countries.
- AfreximbankTrade and project finance across Africa, including oil, gas and power infrastructure.
- AFCEquity, debt and project development for African infrastructure, with power one of its largest sectors.
- Africa50An infrastructure investment platform owned by African governments and the AfDB that develops and invests in power and transport projects.
- GCFGrants, concessional loans, equity and guarantees for low-emission and climate-resilient projects, through accredited entities.
- CIFConcessional finance, delivered through the multilateral banks, for clean technology, renewables in low-income countries and coal transition.
All lenders · How energy projects are financed · Designing a fund? CEII Fund Advisory