Home General Kenyatta Secures U.S.$1,6 Billion Investment Deals at UK-Africa Summit

Kenyatta Secures U.S.$1,6 Billion Investment Deals at UK-Africa Summit

by kenya-tribune
6 views

President Uhuru Kenyatta has secured major investment deals worth over Sh170.8 billion in the ongoing UK-Africa Investment Summit in London.

On Monday, the country also set history after its first ever green bond, called the “Simba Bond”, was listed on the London Stock Exchange.

The bond is the brainchild of Acorn Holdings Ltd, a residential real estate developer.

The deals include job and investment opportunities in various sectors, among them housing, finance, renewables and entrepreneurship.

“The United Kingdom (UK) has a huge amount to offer ambitious African firms and we have a strong reputation for quality, integrity and reliability,” British High Commissioner Jane Marriott said in a statement.

“Today’s summit showcased to the world the best of Kenyan government, business and entrepreneurship and the partnerships today will help Kenya continue to flourish.

“We believe that a strong, diverse, accountable private sector is key to unlocking Kenya’s economic potential and creating the jobs and opportunities Kenyans tell us they want.”

AFFORDABLE HOUSING

Some of the announcements made include a Sh3.9 billion investment in affordable energy-efficient housing that will see the building of 10,000 low-carbon homes for rent and sale.

The deal will also see a Sh21.9 billion investment by British firm Diageo in building environmentally friendly breweries in Kenya and in the wider East Africa region.