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Infrastructure Finance

  • Overview
  • Experience
  • Market recognition

Infrastructure development is a key economic driver for every economy in the world. Kenya’s Vision 2030 blueprint has set the stage for the development of world-class infrastructure that is expected to transform the country into a middle-income economy by the year 2030. 

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 them. 

We understand the nuances and intricacies of local markets and regulatory frameworks and are able to tailor our advice to meet a project's specific needs. Our spread of lawyers enables us to advise on a range of infrastructure projects, irrespective of where such projects may be situated.  

Our strong market knowledge, coupled with an extensive regional and international reach, enables us to deliver world-class legal services to our clients. We have successfully used this model on numerous infrastructure deals.

Capabilities

  • Project structuring
  • Project due diligence
  • Finance agreements
  • Project agreements
  • Risk analysis and mitigation
  • Issuing capacity and enforceability opinions

Experience includes:

  • Developing a novel solution and structure in connection with the financing and development of County Government headquarters and ancillary facilities by Kenya’s largest pension fund. Our solution entailed creating a charge against the County Revenue Fund, and ring fencing the payments for the project.
  • Acting for the United States International Development Finance Corporation (DFC) in a financing transaction involving a developer engaged in purpose-built student accommodation. The financing structure involved Real Estate Investment Trusts (REITs).
  • Acting for project sponsors in a matter involving the financing of two 40MW Solar Power Projects in Eldoret, Kenya up to financial close. Our scope of work involved reviewing and negotiating the project documents as well as the Kenyan law security documents.
  • Advising lenders on the financing of a 40MW solar power project in Malindi, Kenya up to financial close. In addition to legal due diligence on the project and the project company, we were involved in reviewing the project and finance documents, preparing the Kenyan law governed finance documents, and generally advising on incidental Kenyan law issues.
  • Advising InfraCo (part of the PIDG group) on its proposed investment in a fecal waste management plant in Nakuru County.
  • Acting for the providers of equity and/or mezzanine debt for the contractors engaged in construction of roads under the Kenya Roads Annuity Programme.
  • Acting for lenders on a 40MW photovoltaic power project in Kesses, Kenya. The project reached financial close in July 2021.
  • Acting for lenders on two 50 MW wind power projects in Kajiado and Kiambu Counties.
  • Ranked Band 1 in Projects & Energy (Chambers & Partners, 2025)
  • Ranked Band 1 in Banking & Finance (Chambers & Partners, 2019-2025)
  • Ranked Tier 1 in Banking, Finance and Capital Markets (The Legal 500, 2019-2024)
  • Ranked Tier 1 in Privatisation & Projects (The Legal 500, 2019-2024)
  • Ranked Tier 1 in Finance & Corporate (IFLR1000, 2019-2023)
  • Ranked in Projects Development (IFLR1000, 2018-2024)
  • IKM and DLA Piper awarded “Transportation and Infrastructure Team of the Year” (African Legal Awards, 2016)