Kenya - Investment in Fourth Generation Capital Group Limited for the MPF-CFLG-4G Project - Absence-of-Objection Basis Approval

Jul 19, 2026

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Board approval on an absence-of-objection basis dated Monday, June 29, 2026 covers an investment in Kenya in Fourth Generation Capital Group Limited for the MPF-CFLG-4G Project (IFC/R2026-0233, dated June 16, 2026). The approval includes an unfunded guarantee facility up to US$6.2 million in local currency equivalent, structured as first loss coverage up to US$2 million and second loss coverage up to US$4.2 million. First loss exposure is supported by an IFC-provided first loss guarantee up to US$2 million processed under the MSME Finance Platform and tied to the IDA20 PSW BFF implementation.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval summary

Project and approval date

Guarantee facility structure

First loss guarantee processing

FAQs

What was approved on the absence-of-objection basis, and when?

An investment in Kenya for the MPF-CFLG-4G Project was approved on Monday, June 29, 2026.

What is the approved financial structure for the guarantee facility?

The unfunded guarantee facility totals up to US$6.2 million equivalent in local currency, including first loss coverage up to US$2 million and second loss coverage up to US$4.2 million.

How will IFC support the first loss exposure and under which platform?

IFC will provide a first loss guarantee up to US$2 million, processed under the MSME Finance Platform as the implementing entity of the IDA20 PSW BFF.

Jul 19, 2026

Upload by Maeve