Combined influence of operational, credit, liquidity and environmental risks on water-sanitation infrastructure investments in Kenya

Abstract

The paper investigated the combined influence of Operational, Credit, Liquidity and Environmentalrisks on Water-Sanitation Infrastructure Investments in Kenya. The study focuses on 14 risks related tothe water and sanitation infrastructure investments project life cycle. In particular, the study sought tofind out whether operational risks, credit risks, liquidity risks and environmental risks influence waterand sanitation infrastructure investments project in Kenya. The study adopted a mixed methodologyresearch design where qualitative and quantitative research approaches are used to test the researchhypotheses. From a target population of 127, Total Population Sampling (TPS) was adopted wherebythe whole population was studied. Data was collected using structured questionnaire with Likert scalemeasurement. Both descriptive and inferential analysis methods were employed in the analysis. The results found out that operational risks (p-value 0.00), credit risks (p-value 0.00), liquidity risks (pvalue 0.01) and environmental risks (p-value 0.00) were positive and statistically significant. The studyrecommends the need to consider the significant variables as they influence that water and sanitation infrastructure investments project life cycle.