6 October 2026 - On 22 September, the Global Investors for Sustainable Development (GISD) Alliance convened a high-level roundtable hosted by Standard Chartered to mobilize private capital for Kenya¡¯s National Energy Compact and just energy transition. Taking place on the sidelines of the Ä¢¹½ÊÓƵ General Assembly high-level week, the event brought together senior representatives from the public and private sector including the Government of Kenya, Government of Sweden, World Bank, African Development Bank, AFD, Finance in Common, Standard Chartered, Enel, Citigroup, Safaricom, TCX and more.
The event was moderated by Shari Spiegel, Director of Ä¢¹½ÊÓƵ DESA¡¯s Financing for Sustainable Development Office (FSDO) and focused on investment opportunities that can advance Kenya¡¯s energy transition and sustainable development. The discussion emphasized the need for a robust pipeline of investment projects and the role of country-led financing platforms in scaling up private capital for sustainable development.
Kenya presented its updated Energy Compact, which aims to mobilize approximately US$27 billion by 2030 and expand private participation in renewable energy, transmission infrastructure, and clean energy access. Participants identified several key barriers to scaling investment, including project size and bankability, persistent perceptions of risk, currency risks, and high cost of capital.
The discussion also highlighted innovative financing and risk-sharing mechanisms that can address these challenges such as blended finance, sustainability-linked instruments, guarantees, local-currency financing, and outcome-based instruments.
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