Elizabeth Munee Kiamba

Financial Sector Specialist

Elizabeth Kiamba is a Financial Sector Specialist at CGAP, where she leads initiatives that integrate financial services into carbon markets, ensuring that low-income communities and women benefit from climate finance. She has also worked on advancing impact measurement and management (IMM) frameworks for inclusive finance investors, developing innovative financial models for micro and small enterprises, gig workers, and women, and promoting gender lens investing to enhance women’s financial inclusion.

Before joining CGAP, Elizabeth was the Manager of Inclusive Finance Programs at FSD Africa, where she oversaw a portfolio of financial inclusion projects across sub-Saharan Africa, focusing on credit markets, digital finance, remittances, and informal finance. She also served as the organization’s gender focal person, ensuring gender considerations were embedded in financial sector development programs. Previously, Elizabeth worked at PwC Kenya, where she provided advisory services to public sector entities, NGOs, and major international donors and multilateral organizations across sub–Saharan Africa.

Elizabeth holds a Master of Arts degree in Development Management from the Institute of Development Research and Development Policy (IEE) at Ruhr University in Germany, and a Bachelor’s degree in Business Management (Finance and Banking) from Moi University in Kenya. She is a Certified Expert in ESG and Impact Investing, Project Manager (PRINCE2 Practitioner) and Accountant (CPA).

By Elizabeth Munee Kiamba

Blog

3 Opportunities for Funders at the Frontlines of Inclusive Carbon Markets

Based on CGAP’s conversations with funders and carbon project developers, this blog post explores the role of donors, development finance institutions, and impact investors in supporting inclusive carbon project innovation.
Research

A Green Future for All: How Financial Services Can Build More Inclusive Carbon Markets

Inclusive carbon markets can play a role in financing a just, green transition. CGAP highlights the challenges to and opportunities for developing inclusive carbon markets, emphasizing the potential for financial services to both overcome barriers to inclusion and drive impact at scale.
Research

Investing for Financial Inclusion: Four Enablers for Outcomes Measurement and Management

Impact investors are adopting outcomes-focused impact measurement and management (IMM) to enhance transparency and mitigate risks. This approach emphasizes tracking development and intermediate outcomes and using this data for decision-making. The paper outlines key enablers to advance outcomes-focused IMM in financial inclusion investments.
Research

Global Partnerships Case Study: Measuring and Managing Financial Inclusion Outcomes

This case study explores how Global Partnerships integrates outcomes data into investment decisions, highlighting key enablers for success, including leadership support, impact-driven strategy, and collaborative partnerships with financial service providers.
Research

Empowering Small Giants: Inclusive Embedded Finance for Micro-retailers

Financial inclusion is becoming more feasible for many excluded and underserved micro-retailers, thanks to the emergence of new B2B e-commerce companies that are digitizing the final stage of the fast-moving consumer goods (FMCG) supply chain. This report outlines various business models that incorporate last-mile retailers into digital ordering platforms, offering them convenience, transparency, and a wide range of products.