Credit Risks Ascendancy on Water-Sanitation Infrastructure Investments in Kenya
The paper investigated the ascendancy of credit risks on water-sanitation infrastructure investments in Kenya. The study adopted a mixed methodology research design where qualitative and quantitative research approaches are used to test the research hypotheses. From a target population of 127, Total Population Sampling (TPS) was adopted whereby the whole population was studied. Both descriptive and inferential analysis methods were employed in the analysis. The study results show that that lack of access to funding infrastructure investments has seen poor cost recovery, weak governance and lack of institutional frameworks that adversely affect economic opportunities. From the empirical evidence and conclusion, an advancement to credit risks will need innovative financing models rolled out through co-financing and blended financing, risk pooling through tailor made infrastructure insurance products, private entity receiving a concession from the public sector to finance, design, construct, own, and operate a facility stated in the concession contract.