Contact
30 Upper High-Street, Thame, Oxfordshire, OX9 3EZ
Website
https://parhelion.co.uk/
Description
Financial Sector Deepening Africa ('FSD Africa') has given a grant to Parhelion Underwriting Limited. The objective of the grant programme is to achieve joint underwriting of geothermal energy development risk by African (re)insurers, thereby enabling mobilisation of African investment capital for geothermal energy projects in Africa. FSD Africa is a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa. Based in Nairobi, FSD Africa’s team of financial sector experts work alongside governments, business leaders, regulators, and policy makers to design and build ambitious programmes that make financial markets work better for everyone. Established in 2012, FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. It is funded by UK aid from the UK government. The primary programme partner is Parhelion Underwriting Ltd., a UK based specialist energy and climate risk finance advisory company providing transactional and advisory risk and insurance services. Its key markets are the renewable energy and climate finance sectors. It was established in 2006 in the UK and is regulated by the Financial Conduct Authority. Another important partner is the Kenbright Group of Companies in Kenya. The group has the following subsidiaries: Kenbright Reinsurance Brokers Limited (established in 2017), Kenbright Actuarial & Financial Services Limited (established in 2015), Kenbright Healthcare Administrators Limited (established in 2005) and Kenbright Insurance Brokers Ltd (established in 1993). Kenbright is a locally owned financial services company that specializes in providing the East African Market with Actuarial & Financial advisory services. The programme has a duration of 3.5 years.
IATI identifier
GB-COH-05712574
Implementation Schedule
n/a
Organisations / agencies covered
Financial Sector Deepening Africa - grantor. Partner: Parhelion Underwriting Limited (primary programme partner). Partner: Kenbright Group of Companies in Kenya.
Timeliness of Data
Once initial data has been loaded data will be published within one month from the internal data capture/availability.
Frequency of publication
Quarterly
Frequency of publication (extra comments)
n/a
Units of Aid
3 workstreams. Reporting broken down by key indicators within the 3 workstreams.
Segmentation of Published Data
Yes
Data Definitions and References
N/A
Field Exclusions
Will be able to answer this once initial data input to standard has been completed.
Record Exclusions
We do not plan to exclude any full or partial records. Will be able to answer this fully once initial data input to standard has been completed.
Thresholds
Will be able to answer this once initial data input to standard has been completed.
Other Constraints
N/A
Data Quality
The data is produced quarterly. The status and accuracy of the data is audited/verified quarterly by FSD Africa once it has been uploaded to their reporting platform. The audit/verification process may give rise to questions or requests for more information to further support the data produced. It is anticipated that any further requests for information would be at a micro level as all data is checked internally before submission to FSD Africa. The grant programme's financial records and reports are subject to an annual external audit, the process of which is due to take place May/June 2023.
User Interface
No.
User Interface Website
n/a