Advertisement NCBA Unlocks KES 500 Million Financing for Water and Sanitation ContractorsNCBA Bank has partnered with the Lake Victoria North Water Works Development Agency (LVNWWDA) and Water.org to unlock up to KES 500 million in financing for contractors in Kenyas water and sanitation sector.The partnership was unveiled during a contractor forum in Kakamega. More than 100 contractors attended the event. They explored financing solutions aimed at improving project delivery and business sustainability.Financing Water InfrastructureThrough NCBAs WASH financing programme, supported by Water.org, contractors can access funding ranging from KES 300,000 to KES 500 million.The package includes equipment financing for up to 60 months. It also offers project and capital expenditure financing for up to 120 months.Additionally, contractors can access up to KES 6 million without traditional collateral. Instead, they can use receivables or awarded contracts as security.As a result, small and medium-sized contractors can access much-needed working capital more easily.NCBA Group Director of Retail Banking Dennis Njau said the partnership goes beyond financing.Water infrastructure remains one of the most critical enablers of economic growth, public health, food security and climate resilience, said Njau.Through this partnership with Water.org and LVNWWDA, we are providing more than financing. We are building an ecosystem that gives contractors access to capital, liquidity and financial solutions.He added that stronger contractors will help deliver more water and sanitation projects across the country.NCBA Unlocks KES 500 Million Financing for Water and Sanitation ContractorsAddressing Funding ChallengesHowever, access to affordable financing remains a major challenge for many contractors.Most SMEs struggle to mobilize labour, equipment and materials before receiving project payments. Consequently, project implementation often slows down.LVNWWDA welcomed the partnership and highlighted the importance of collaboration.According to LVNWWDA representative Mark Kanda, strong partnerships are essential for expanding access to water and sanitation services.As we work to expand access to water and sanitation services across our region, strong partnerships between implementing agencies, financiers and contractors are essential, he said.Furthermore, he noted that the collaboration will strengthen the contractor ecosystem and support faster project delivery.Meanwhile, contractors at the forum welcomed the financing solutions.Samuel Mukanzi, Managing Director of Barbrican Dimensions Limited, said liquidity challenges continue to affect project execution.One of the biggest challenges contractors in the water sector continue to face is access to financing, he said.Without adequate liquidity, it becomes difficult to mobilize resources, keep projects on schedule and deliver quality infrastructure.Therefore, he believes flexible financing solutions will help contractors improve efficiency and grow their businesses.Driving Development Through PartnershipsThe collaboration highlights the growing role of public-private-development partnerships in infrastructure financing.Beyond project funding, investments in water and sanitation improve public health. They also support food security and agricultural productivity.Moreover, they strengthen community resilience and economic growth.Njau emphasized that contractors play a key role in national development.The contractors gathered here today are not simply seeking financing; they are implementing national development, he said.Every pipeline laid, every treatment facility built and every sanitation project completed creates lasting impact for communities.As a result, stronger contractors can accelerate Kenyas development agenda.The forum forms part of NCBAs broader strategy to expand infrastructure financing.At the same time, the bank aims to create measurable economic, social and environmental impact through targeted partnerships.As Kenya continues to invest in water and sanitation infrastructure, stakeholders expect innovative financing solutions to play a bigger role. Ultimately, these solutions will help deliver projects faster, improve service access and support sustainable development.The post NCBA Unlocks KES 500 Million Financing for Water and Sanitation Contractors appeared first on Africa Business News.