Kenya seeks support from European Bank as Nairobi gears up for Africa capital forum

Kenya is actively working to bolster Africa's capital markets prior to the inaugural Africa Capital Week (AfCW) 2026. In preparation for the event, the Kenya Vision 2030 Delivery Board has reached out to the European Bank for Reconstruction and Development (EBRD) for their expertise in capital market development. The EBRD's Managing Director for Sub-Saharan Africa, Heike Harmgart, met with the Board's Chairman, Emmanuel Nzai, to discuss the upcoming forum, which is set to take place in Nairobi from September 7–11, 2026.

The EBRD's involvement is seen as crucial, as its experience in developing capital markets across various regions could offer valuable insights and lessons for Africa's own growth. The forum aims to bring together representatives from over 20 African securities exchanges to discuss strategies for enhancing capital market integration, expanding access to long-term finance, and promoting inclusive economic development across the continent.

Harmgart expressed enthusiasm for the initiative, emphasizing the importance of stronger capital markets in supporting investment and economic growth throughout Africa. This collaborative effort underscores Kenya's commitment to positioning Nairobi as a pivotal financial and investment hub in the region, as well as the broader goal of mobilizing domestic savings, attracting private investment, and reducing reliance on external borrowing through robust local and regional capital markets.