Select a location

This selection will switch the site from presenting information primarily about Kenya to information primarily about . If you would like to switch back, you may use location selection options at the top of the page.

Finance and Projects

Our finance and projects lawyers advise on all aspects of financing. We share knowledge and skills in deals involving: lending and borrowing, debt securities, derivatives, funds, portfolios as well as energy, infrastructure, transport matters and other projects. 

IKM’s Finance practice, headed by Anne Kinyanjui, has vast experience and industry insight in the specialist areas of finance, enabling us to advise clients from diverse business sectors. Our lawyers act for over 20 commercial banks, a number of which are the top-tier financial institutions in Kenya. 

IKM’s Projects practice, headed by Beatrice Nyabira, has substantial experience across a diverse band of undertakings that include public-private partnerships (PPPs), energy (geothermal, hydropower, wind, solar and coal), and social infrastructure (health, housing and transport). Our knowledge base from working with clients across the public and private sectors means that we have a comprehensive understanding of each of the stakeholder’s concerns and are able to structure transactions in a manner that specifically addresses their needs.

Experience has included advising:

  • OPIC jointly with DLA Piper, in connection with facilities to be granted to Acorn Holdings Limited which is a leading real estate developer in Kenya for financing 10 mixed-use development projects.
  • Stanbic Bank Kenya Limited in a transaction involving real estate financing.
  • A top-tier commercial bank in Kenya in the financing of a used aircraft which required a high degree of due diligence over the aircraft and security documentation proceedings.
  • East African Breweries Limited as the borrower in connection with the financing of its new brewery in Kisumu.
  • Radiant Energy Limited on the financing of two 40 MW solar power projects.
  • CDC Group Plc, the lenders, on the financing of a 40 MW solar project in Malindi, Kenya.
  • The Kenyan government on the USD500 million procurement of medical equipment for 94 hospitals in all 47 counties in Kenya through a managed equipment services arrangement.
  • The sponsors of a USD1.8 billion energy project on the development of a 100 MW wind power plant in Kajiado, Kenya.
  • A client in connection with its proposed investments in Mombasa port, Lamu port and the new Lamu industrial city.
  • A consortium of investors in connection with a proposed primary healthcare project to be piloted in Makueni County before being scaled-up to all 47 counties in the country using a privately-initiated investment proposal model. 
  • Environment, Energy and Natural Resources Team of the Year, Small to Mid-Practice (Africa Legal Awards 2022)
  • Ranked Band 1 in Banking & Finance (Chambers & Partners 2022)
  • Ranked Tier 1 in Banking & Finance and Capital Markets (The Legal 500 2019 - 2022)
  • Ranked Tier 1 in Capital Markets (IFLR1000 2022)
  • Ranked Tier 1 in Projects & Privatization (The Legal 500 2019 – 2022)
  • Ranked in Projects & Energy (Chambers & Partners 2022)
  • Ranked in Projects Development (IFLR1000 2022)
  • Ranked in Banking & Finance (IFLR1000 2022)
  • Ranked Band 1 in Banking & Finance (Chambers & Partners 2019)
  • Ranked Tier 1 in Banking & Finance (The Legal 500 2019)
  • Ranked Tier 1 in Finance & Corporate (IFLR1000 2019)
  • Ranked Band 2 in Projects & Energy (Chambers & Partners 2019)
  • Ranked in Projects & Finance (IFLR1000)

Can distress investing turn around struggling companies in Kenya?

Many experiences with distressed businesses in Kenya culminate in a lose-lose scenario in which both creditors and business owners register substantial losses. Despite the attempts by the Insolvency Act 2015 to cure such outcomes by introducing novel approaches such as administration and Company Voluntary Arrangements to rescue distressed companies, the intended effect has proved elusive.

The weight loan guarantors carry

Lenders who provide loans do so with the paramount aim of being paid back. Towards this end, when borrowers take credit facilities, the lenders sometimes require them to provide guarantors as security for repayment of the facilities. The issuance of a guarantee usually provides additional security and comfort to the lender that in the event of default, it can either go after the principal borrower or the guarantor.

Roadmap for successful public, private partnerships on water

The Kigali Bulk Water Supply (KBWS) project is an exemplar of a successful water PPP. It was established by the Africa Water Infrastructure Development (AWID) platform, which is a joint venture between BII and Metito. It is a pioneering model for the financing, construction and operation of a 40,000 cubic meters/day bulk water facility with a concession term of 27 years.