KCB hosted a high-level side event at COP31 in Antalya, Türkiye, bringing together government leaders and key stakeholders to explore opportunities for strengthening strategic partnerships in sustainable finance, climate action and investment in Kenya.
Held under the theme “Strengthening Strategic Partnerships for Sustainable Finance, Climate Action and Investment in Kenya.” The session focused on accelerating the decarbonisation and greening of the education sector through innovative financing solutions and collaborative action.
The engagement was led by KCB Bank Kenya Managing Director, Mrs Annastacia Kimtai, and attended by Hon. Dr Deborah Mlongo Barasa, Cabinet Secretary, Ministry of Environment, Climate Change and Forestry, and Dr Eng. Festus Ng’eno, Principal Secretary, State Department for Environment and Climate Change.
Since 2022, KCB has rolled out a clean energy financing pilot valued at over KSh2 billion, supporting 600 schools and 60 TVET colleges to transition to cleaner energy solutions. The initiative has contributed to lower energy costs, reduced reliance on biomass fuels and improved energy reliability across participating institutions.
Speaking at the event, Cabinet Secretary Hon. Dr Deborah Mlongo Barasa outlined the Government’s policy frameworks and commitment to achieving universal access to clean cooking by 2028. She further highlighted the potential to scale the programme to 10,000 secondary schools, 250 TVET institutions and 42 universities, requiring an estimated US$460 million in financing.
Discussions highlighted the need to mobilise additional capital through concessional financing, de-risking instruments and technical assistance to attract greater participation from development finance institutions and private investors.
Through its clean energy financing initiatives, KCB is strengthening the role of financial institutions in supporting Kenya’s climate commitments while advancing access to cleaner energy, protecting natural resources and creating healthier, more sustainable learning environments.
