Kenya has announced the launch of a geothermal risk underwriting facility, said to be the first of its kind in Africa, to underwrite up to KES260mn ($2mn) in early project development to attract and fast-track investment into domestic and regional green energy projects. Kenya’s Insurance Regulatory Authority (IRA) said it is working in partnership with the country’s Ministry of Energy and Petroleum, State Department of Industrialisation and the East African Insurance Sector (ICEA Lion, Kenya Re, Old Mutual, GA and Mayfair) on the new facility. Its development was supported by Financial Sector …