Dhamana Guarantee Company

At Dhamana Guarantee Company, we are proud to play a pivotal role in de-risking investments and unlocking access to capital for critical energy and infrastructure projects across East Africa. Here's how our #LocalizedThinking approach and guarantees create lasting impact: 📈 Promote Sustainable Financial Growth: Our guarantees enable effective financial structuring, ensuring projects are viable and contribute to the region's long-term growth and sustainability.  💲Increase Access to Capital: Dhamana's guarantees facilitate the flow of capital to emerging markets, overcoming the barriers that often deter investment in the region. 🤝 Boost Confidence: Our backing helps build investor confidence, encouraging more long-term investment in infrastructure that drives economic growth and stability. ✳️ Risk Mitigation: By reducing risks for investors and lenders, our guarantees make large-scale infrastructure projects more attractive and secure. Together, we’re making a lasting impact on the future of East Africa's energy and infrastructure landscape.  #SustainableGrowth #LocalizedThinking #RiskMitigation #EastAfrica 

The UK Government, institutional investors, and stakeholders are collaborating to unlock capital for climate projects in emerging markets. The recent Institutional Investors Group on Climate Change (IIGCC) report emphasizes this need, with workstreams from Aviva Investors, Mercer, and The Private Infrastructure Development Group (PIDG), a key partner of Dhamana. These workstreams focus on: 🟢 Enabling Environment (Chaired by Aviva Investors): Addressing key constraints, such as regulations, credit rating agencies' roles, and data availability, that influence how investors make decisions. 🟢 Investment Opportunities (Chaired by PIDG): Exploring the potential to extend existing investment vehicles and develop new ones to drive capital mobilization into Emerging Market and Developing Economies (EMDEs), with a focus on aggregating and diversifying risk. 🟢 Influencing Investor Allocations (Chaired by Mercer): Finding ways to influence decision-makers, such as pension fund trustees, to expand allocations and make it easier to invest in emerging markets. These workstreams align with Dhamana's mission to mobilize capital for infrastructure and energy projects in East Africa. This initiative and report highlight how Dhamana and PIDG are working together to drive sustainable investment in the region. This is an exciting time for leveraging finance to tackle climate challenges! 🔗 Read the full report https://lnkd.in/gBpymquV 

Simon Bessant, Director at The Texel Group, gave a special shout-out to Dhamana during his recent CNBC Africa interview. He highlighted the importance of collaboration across sectors to scale private capital mobilization into Africa, with a specific nod to Dhamana’s role in promoting domestic capital for sustainable infrastructure projects. Dhamana’s commitment to supporting Africa’s energy transition and infrastructure development aligns perfectly with this vision. 🔗 Watch the full interview below https://lnkd.in/d3XTQ5SA

Earlier today Lake Victoria’s first scheduled roll-on/roll-off freight vessel was officially inaugurated by Right Honourable Robinah Nabbanja, Prime Minister of the Republic of Uganda, attending the commissioning event on behalf of President H.E Yoweri Museveni. The Rt Honourable Prime Minister emphasised the vessel’s potential to drive economic and environmental progress: “This vessel is a milestone for East Africa, advancing our trade and environmental priorities while strengthening regional ties. My thanks to everyone who brought this project to life.” Representing The Private Infrastructure Development Group were Gilles J. Vaes, Rodney Seema, Connor Dawson, Brenda Omuombo, Ricki-Lee Meijers, Barbara Wambui and Lorna McNae. We also had local media in attendance. InfraCo-backed East Africa Marine Transport has taken a significant step towards creating a more sustainable and efficient logistics solution for Lake Victoria with the commissioning of the M.V. Mpungu, the lake’s first scheduled roll-on/roll-off freight vessel. Offering faster and safer crossings and reduced carbon emissions, the fuel-efficient vessel is set to transform regional trade by cutting journey times from days to hours and supporting the decarbonisation of the region’s transport sector. #ChampioningChange https://lnkd.in/eZepF7Zz Get in touch to find out more!

From Ethiopia, I traveled to Nairobi and Kilifi in Kenya Jan 17-18. Met with PS Dr Chris Kiptoo of National Treasury and Mr. Amos Cheptoo, Director, Resource Mobilization, National Treasury (ED Amos used to be an ED at AfDB) and their colleagues from National Treasury to discuss the YEIB, a youth entrepreneurship investment series of funds (early stage equity, latter stage credit guarantee, and TA fund). PS Susan Mang’eni, Ministry of Cooperatives and MSMEs, joined at the end and we had a subsequent meeting with her to discuss the YEIB. We updated the Government on the progress made to-date in processing the Kenya YEIB including the nearly completed work by Dalberg Advisors. My colleagues Sylvie Mahieu, Samuel Kamara, Mkola Tambwe and Josephine Ndao joined me. Had a subsequent meeting with PS Charles Hinga, Ministry of Lands, Public Works, Housing and Urban Development, and Jerry Simu, Chairman, Affordable Housing Board. We discussed how to scale and speed-up the deployment of affordable housing using securitization instruments supported by an African Development Bank partial credit guarantee (PCG) and similar from Dhamana Guarantee Company, amongst others. We also discussed how the likes of Shelter Afrique and Acorn and other developers could help in delivery and housing ownership solutions, as well as working with experienced local and international construction companies. We also discussed how to support the housing value chain locally. I was joined by my colleagues Sylvie, Sam and Babati Mokgathi Lastly, I traveled to Kilifi to meet with Jan Bonde Nielsen and his senior executive team at M-Gas (Martin Kimani, CEO and Stanley Njorge) to discuss the African Development Bank Group supporting their innovative pay-as-you-go LPG clean cooking model to scale-up. This was ahead of the M300 Africa Energy Summit to be held in Dar es Salaam Jan 27-28. Overall, good, quick and targeted trip to Kenya #YEIB #AffordableHousing #Securitization #YouthEntrepreneurship #CleanCooking #LPG #MGas #M300

We’re excited to introduce Dhamana’s founding Board of Directors, bringing a wealth of experience and expertise to guide our mission of delivering innovative guarantee solutions across East Africa. Chris Vermont, our Independent Non-Executive Director & Board Chair, a pioneer in local currency guarantees, has a remarkable career in project finance and capital markets. As the founding CEO of GuarantCo, he led its success and subsequent establishment of InfraCredit in Nigeria where he currently serves as a Non-Executive Director. Chris chairs the board at BPL, a credit & political risk insurer in London and is a co-founder of a solar developer Talf Solar India Pvt. Ltd. based out of New Delhi. AIDA NGOM, our Non-Executive Director nominated by the African Development Bank Group, is an investment banking and infrastructure finance expert with 25+ years of experience, including leading key initiatives at the African Development Bank and driving over $1 billion in transformative transactions across Africa. Denesh Srishanker, our Non-Executive Director nominated by the The Private Infrastructure Development Group | InfraCo Africa, is a seasoned leader in credit enhancement and infrastructure development, with extensive experience across the PIDG group including, the Emerging Africa & Asia Infrastructure Fund, and GuarantCo in origination, structuring, and fundraising. Victor Odendo, our Non-Executive Director nominated by the CPF Group, is a trailblazer in Kenya's capital markets with 18+ years of experience, leads KCB Bank Group Asset Management Limited and holds key roles at the Fund Managers Association of Kenya, and the Public and Staff Affairs Committee. Together, this accomplished team ensures Dhamana is positioned for success and impact in the East African region!  #DhamanaLeadership #InnovationInFinance #Localisedthinking #EastAfrica 

🌍 Dhamana Insights | Dedicated to Shaping East Africa's Financial Future Our first Dhamana Insights newsletter dives into the Bank of Uganda's State of Economy Report and its implications for businesses and the financial sector in East Africa. We’re committed to transforming these insights into action, working towards a diversified funding landscape that fuels private sector growth. #DhamanaInsights #LocalisedThinking #FinancialGrowth #EastAfrica #CapitalMarkets

We’re excited to share our Company Profile—a comprehensive overview of who we are, what we do, and how we’re shaping East Africa’s financial future. At Dhamana, we’re unlocking opportunities by providing innovative local currency guarantees that drive economic growth and resilience. Whether you’re an investor, partner, or simply curious about our impact, our profile has everything you need to know! #DiscoverDhamana #InnovativeFinance #LocalisedThinking #EastAfrica #LocalCurrencyGuarantees #EconomicGrowth 

Great news from Dhamana Guarantee Company that the company has announced its long-term national scale issuer rating of AA (KE) and short-term rating of A1+(KE) from GCR Ratings. The high ratings recognise Dhamana's capacity to use its innovative credit enhancement solutions to support the growth of climate-aligned businesses in East Africa. The Private Infrastructure Development Group, InfraCo Africa, African Development Bank Group, #CPF_Group, Cardano Development

As it's my Sunday afternoon ritual, I took some time to read The East African, an invaluable resource for understanding regional dynamics. One article that caught my attention was "Uganda banks tap $6b from BoU on lean times." It shed light on the challenges businesses face in securing credit, driven by commercial banks' increasing preference for government securities. Drawing from the Bank of Uganda's State of the Economy Report (December 2024), the article noted a sharp rise in banks' reliance on the Standing Lending Facility (SLF)—from $1 billion in the previous period to a staggering $6.8 billion in just three months leading up to August 2024. When businesses' demand for liquidity surpasses the supply available from banks, banks turn to the central bank's SLF for short-term funding. The liquidity crunch can largely be attributed to banks prioritizing government securities, which offer higher yields and lower risk, over lending to the private sector. While lucrative for banks, this shift deprives businesses of essential credit, hindering economic growth. Two points to address this issue: ☑️Governments need to implement policies and reforms that curb the high yields currently associated with government bonds in East Africa. Kenya, for example, has made notable strides, with yields on government securities falling dramatically—much like the persistent rains 🌧️ in Manchester! ☑️Businesses need alternative sources of financing to reduce over-reliance on banks. In Uganda, for instance, banks dominate the financial sector, holding 65% of the $21 billion in assets, while pensions, insurance, SACCOs, and collective investment schemes account for the remaining 35% (approximately $8 billion). Here are a few steps to address this: ✅Financial guarantors like Dhamana Guarantee Company can reduce investment risk in capital markets. ✅Regulators should limit pension fund allocations to government debt. ✅Governments should push state-owned enterprises to raise funds via capital markets. ✅Policies should encourage financial product innovation without over-regulation. ✅Build stakeholder skills and awareness across the capital markets ecosystem For a deeper understanding of capital market development, I recommend exploring FSD Africa’s State of the Market report. Their four-step approach to market development is yielding tangible results, and Dhamana is proud to collaborate with them. Kudos to FSDA for their ongoing support! Read more 🔗 BOU State of Economy Report --https://lnkd.in/dGv_XUSw 🔗 The East African Article -- https://lnkd.in/dVjjZhRT 🔗 FSD Africa Capital Markets Report -- https://lnkd.in/dEP2EP3b #LocalizedThinking #DomesticCapitalMarkets #GrowingEastAfrica