• GuarantCo issues $20 million, 23-year guarantee to Kenya’s Dhamana

• Guarantee boosts local-currency infrastructure financing in East Africa

• Portfolio to align with Paris Agreement, 30-40% climate finance

GuarantCo, an institution that provides guarantees for infrastructure projects in Africa and Asia, has issued a $20 million guarantee to Kenya-based Dhamana Guarantee Company, it said in a statement on Wednesday, Jan. 28, 2026.

The guarantee will run for 23 years. It will enable Dhamana to strengthen its capital base and expand the volume of local-currency guarantees it provides for sustainable infrastructure projects in East Africa. Dhamana will also draw on GuarantCo’s more than 20 years of experience in providing guarantees in low- and middle-income countries.

“As Kenya and the wider East African region continue to face a shortage of infrastructure financing, Dhamana is well placed to attract local institutional investors to innovative asset classes that offer both financial returns and developmental benefits,” said Christopher Olobo, Dhamana’s CEO. “This collaboration strengthens our commitment to develop local capital markets and promote inclusive, climate-resilient growth throughout East Africa,” he added.

Dhamana will support only transactions aligned with the Paris Agreement. It estimates that 30% to 40% of its portfolio will qualify as climate finance, according to the GuarantCo statement.

For GuarantCo, the deal highlights the role guarantee companies can play in mobilizing local private capital and supporting the development of sustainable infrastructure.

Chamberline Moko