Pack Hunters Consortium explores private capital for infrastructure
The consortium held its inaugural stakeholder meeting in Nairobi on Tuesday, bringing together pension funds, fund managers, stockbrokers, investment banks, insurers, custodians and other capital markets players.
Nairobi, Kenya welcomed the formation of the Pack Hunters Investment Consortium on September 16th. This group of financial sector players aims to mobilize private capital for infrastructure projects within the country. The inaugural stakeholder meeting, held in the Kenyan capital, gathered representatives from pension funds, fund managers, stockbrokers, investment banks, insurers, custodians, and other capital markets stakeholders.
James Mworia, CEO of the National Infrastructure Fund (NIF), addressed the gathering. He emphasized the importance of the private sector's role in financing Kenya's infrastructure needs. "The private sector has an opportunity to participate directly in the country’s national development agenda by mobilizing and directing capital towards infrastructure projects that can deliver sustainable economic and social value," Mworia stated during his opening remarks.
The NIF, established under the National Infrastructure Fund Act of 2026, is designed to pool funds for large-scale infrastructure projects using a blended-capital approach. Hosea Kili, president of the Pack Hunters Consortium, elaborated on the group's objectives. "Through the Pack Hunters Consortium, we can create the collaboration needed to move bankable projects from concept to financing and ultimately to implementation," Kili explained.
The meeting also explored potential reforms to facilitate the use of Development Real Estate Investment Trusts (D-REITs) as investment vehicles for the NIF. Additionally, stakeholders discussed the possibility of offering tax incentives for private sector infrastructure bonds. Discussions further delved into alternative financing methods, including crowdfunding and blended financing models that could leverage NIF funds to attract additional private capital.
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