The 16th annual conference organised by the African Private Equity and Venture Capital Association (AVCA) — a group that promotes private investment in Africa has kicked off a two-day event that started in Nairobi from yesterday.
The event will convene some 500 African and international participants representing $1.5 trillion (about Sh12 trillion) in assets under management.
This will ensure that the cash-starved infrastructure projects in President Uhuru Kenyatta’s four priority sectors in his last term get a boost from foreign and domestic private equity firms, which are lining up bets worth hundreds of millions of dollars.
Centum Investment CEO James Mworia, said the most attractive projects line-up for investment include in sectors such as affordable housing, healthcare, food security and education among others. Centum is among local firms eyeing deals with global firms attending the conference.
President Kenyatta’s Big Four agenda aims to boost economic growth through spending, improving food security and rolling out universal healthcare, supporting manufacturing and building affordable housing.