Browsing: IFC in Kenya

• International Finance Corporation targets specific projects in Côte d’Ivoire, Egypt, Kenya, Morocco, Senegal, and South Africa.
• IFC’s $30 million (Sh4.8 billion), own-account investment will help Africa Infrastructure Investment Fund 4 Partnership (AIIF4) exceed its final close target of $500 million (Sh80.4 billion).
• A pan-African infrastructure private equity firm called the Africa50 Infrastructure Acceleration firm I is raising up to $500 million for investments

Kenya is among six African countries that International Finance Corporation (IFC) will pump $30 million (about KSh4.8 billion) equity investment to fund works on essential infrastructure.

The fund, managed by Africa Infrastructure Investment Managers (AIIM), part of the Old Mutual Group, will support projects in the telecoms, renewable energy, and transport sectors across Africa but with a specific focus on Côte d’Ivoire, Egypt, Kenya, Morocco, Senegal, and South Africa.

In the telecoms sector, the fund will focus on financing data centers, fiber networks, and communications towers. In …

Diop said he was holding roundtable discussions with stakeholders in the pharmaceuticals and housing sectors to deliberate on how to collaborate in the areas of affordable healthcare and housing for the Kenyan people.

President Kenyatta and Diop also discussed a plan that Kenya is keen on implementing to manufacture vaccines.

Kenyatta noted that the Big 4 Agenda had opened opportunities for increased collaboration through the country’s Public-Private Partnership programme.…