I will therefore first explore the genesis of the global financial crisis, then review its potential impact on Kenya from a macro perspective and conclude by analysing its impact on the Kenyan banking system. Ladies and Gentlemen: 2008 was indeed a historic year.
The Viability Gap Funding (VGF), enhanced financing by infrastructure finance companies, takeout financing, model concession agreements, annuity based funding are few examples. What is required today is commitment for speedier implementation. We still have glaring gaps in infrastructure. We still have about 9% energy shortage. Large transmission and distribution losses, estimated at nearly 40% and absence of adequate competition impacts electricity industry.