Partners: Sources of Long Term Finance

SOURCES OF FINANCE

African Project Development Facility (APDF)

African Project Development Facility was established in 1986 to respond to the need for project preparation assistance for African enterprises.

APDF is a facility established by by International Finance Corporation (IFC), United Nations Development Programme (UNDP), United States Aid for Iinterrnational Development (USAID), and African Development Bank (ADB). It supports medium-sized, African-owned projects by offering assistance in project preparation, identifying joint venture partners and negotiating project finance.

Contact:
General Manager, APDF,
International Life House, 6^th Floor,
Mama Ngina Street
P O Box 46534, Nairobi,
GPO, 00100, Kenya
Tel. 33 74 90, 21 72 90, 21 73 70
Fax: 33 91 21, 21 91 47

E-mail: [email protected]

Development Bank of Kenya (DBK)

The bank is owned jointly by the Kenya Government through ICDC, the Netherlands Overseas Finance Company (FMO), Commonwealth Development Corporation (CDC), the German Development Bank (DEG) and the International Finance Corporation (IFC). The bank provides medium-term local and foreign currency financing for projects in the industrial, agro-processing, and tourism sectors.

Contact:
The General Manager,
Finance House, Loita Street
P O Box 30483, Nairobi
GPO, 00100, Kenya
Tel. 34 04 01/2/3
Fax. 338246

E-mail: [email protected]

East African Development Bank (EADB)

EADB was established in 1967 with its headquarters in Kampala, Uganda. Its mandate and role were reviewed in 1980 and its operational scope expanded.

The bank’s shareholding is held primarily by the governments of Kenya, Uganda and Tanzania. The EADB provides medium and long-term loans designated in foreign currencies. EADB finances projects and offers a broader range of finance services in member states with a view to strengthening regional economic cooperation.

Contact:
Resident Manager, EADB,
Bruce House, Standard Street,
P O Box 47685, Nairobi
GPO, 00100, Kenya.
Tel. 34 06 42, Fax. 21 66 51.

E-mail: [email protected] or [email protected]
Website: www.eadb.com

Eastern and Southern African Trade and Development Bank (PTA Bank)

The PTA Bank was establisehed in November 1985 to provide financial and technical assistance to projects and trade activities which have the potential of promoting econmic growth and integration in the COMESA sub-region. The PTA Bank provides financial resources to both public and private sector projects in manufacturing, agro-industry, mining, infrastructure and tourism.

Contact:
NSSF Building, 22^nd & 23^rd Floors,
Bishops Road
P.O Box 48596, Nairobi
GPO, 00100, Kenya
Tel: 71 22 50-(8 Lines)
Fax: 71 15 10
Telex: 22826 PTA BANK

E-mail: [email protected] Website: www.ptabank.co.ke

European Development Banks

A number of European development banks provide finance to ventures in Kenya. They include the Netherlands Overseas Finance Company (FMO), the Commonwealth Development Corporation(CDC), the German Development Bank (DEG), the Darnish Development Bank(IFU), and the Swedish Fund for Industrial Development of Africa.(SFIDA)

Private insurance and pension funds are also important mobilisers of long-term savings in Kenya. These institutions normally invest their funds in real estate and listed securities.

Industrial and Commercial Development Corporation (ICDC)

ICDC has been the Government’s main conduit for joint venture investments and has made equity investments in many industrial and commercial ventures along with local and foreign partners. ICDC provides project and commercial financing.

Contact:
Executive Director, ICDC,
Uchumi House,
P O Box 45519, Nairobi,
GPO, 00100, Kenya.
Tel. 22 92 13, 21 07 13
Fax. 33 38 80

E-mail: [email protected]

Industrial Development Bank (IDB)

IDB is a Government-funded institution. It provides medium and long-term loan finance, direct equity investment and guarantees for loans from other sources. It also underwrites security issues, shares, stocks and similar obligations. IDB now offers full banking services.

Contact:
The Managing Director, IDB
National Bank Building, 18th Floor,
Harambee Avenue,
P O Box 44036 Nairobi,
GPO, 00100, Kenya
Tel. 337079, 221377
Fax. 334594

E-mail: [email protected] or [email protected]

International Finance Corporation (IFC)

IFC is an international organisation, established in 1956 to further economic growth in the developing member countries by promoting private sector development.

IFC is an affiliate of the World Bank and finances private sector investment projects in agriculture, manufacturing and tourism. IFC extends long-term loans and makes equity investment in projects entailing investment of more than US$ 20 million. It normally does not finance more than 25 per cent of the project cost. The term loans are generally made in foreign currencies. IFC also manages the Africa Enterprise Fund which can support projects with lower project costs.

Contact:
Resident Representative/Regional Office Director,
International Finance Corporation,
Hill Park Building,
4^th Floor, Upper Hill Road, P O Box 30577, Nairobi,
Tel. 720467, 260300, 260400,
Fax. 263083, 717390

E-mail: [email protected]
Website: www.ifc.org

Industrial Promotion Services Ltd. (IPS)

IPS is a venture capital company owned by The Aga Khan, IFC Washington, Kenya Commercial Bank, and a merchant bank in the U.K. It offers equity investments of up to 40 per cent of the share capital, provides loans and offers management assistance. IPS also assists in project development and in locating sources of technical know-how.

Contact:
Managing Director,
Industrial Promotion Services, IPS Building,
P O Box 30500, Nairobi,
GPO, 00100, Kenya
Tel. 22 80 26/7/8,
Fax. 21 45 63

E-mail: [email protected]