Invest Kenya, EAVCA partner to attract private capital
Under the agreement, the two organisations will jointly promote Kenya as a preferred destination for private capital through investment missions, roadshows and targeted deal pipeline development to connect investors with high-potential businesses.
Nairobi, Kenya - The Kenya Investment Authority (Invest Kenya) and the East Africa Venture Capital Association (EAVCA) have formed a strategic partnership to attract more private capital to the country, aiming to establish Kenya as a prominent hub for investments in the East African region. This collaboration intends to mobilize both local and foreign financing while enhancing Kenya's competitiveness as an investment destination.
The partnership will work together to promote Kenya as a preferred destination for private capital by organizing investment missions, roadshows, and targeted deal pipelines designed to connect investors with high-potential businesses. Additionally, they will conduct joint research, investment insights, and market intelligence to aid in making informed investment decisions.
Capacity-building workshops will also be held to enhance investor readiness and bolster local institutional capabilities. Speaking at the signing ceremony, Invest Kenya's CEO, John Mwendwa, emphasized that private capital is pivotal in shaping economic growth, and Kenya is continuously reinforcing its position as one of Africa's top investment destinations.
The partnership's focus will be on mobilizing private capital into strategic sectors, advancing investment policy reforms, strengthening market intelligence, and fostering public-private collaborations. According to EAVCA's CEO, Christine Maina, the success of their collaboration will be gauged not only by the promotion of Kenya as a destination but also by the effective conversion of this engagement into investments, the growth of stronger businesses, and the generation of long-term economic value.
Written by urgent.news from Capital Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
