The two entities will develop and co-finance key infrastructure projects in Kenya that align with the country’s development roadmap.

Areas of investment targeted are affordable housing, edible oil, geothermal plants, and health assurance.

“We have demonstrated that it is profitable to invest in Africa once you manage the risks,” said AFC president Samalia Zubairu.

“African institutional investors are one of the single largest sources of investable capital and will play a catalytic role in bridging Africa’s infrastructure gap.”

On his part, CPF CEO Hosea Kili said that the partnership will open an array of new opportunities that will facilitate sustainable economic growth.

“This partnership will enhance our ability to improve our markets and widen the investor base of our organizations,” he said.

AFC boasts a cumulative $400 million in the county as well as an in-country pipeline of infrastructure, industrial, and trade finance projects valued at over US$1 billion.