East Africa: Nairobi Termed 'Hub of Impact Investment' As Region Attracts U.S.$9 Billion
East Africa is fast becoming a hotspot for impact investing that promotes not just profits but also sound environmental and social principles.
In the past five years, about $9.3 billion in impact investment funds has flowed into the region, according to the latest report produced by the UK Department for International Development (DfID), the Global Impact Investing Network (GIIN) and Open Capital Advisors.
Nairobi is identified as the hub of the funding and headquarters of the managers handling the deals, with about half of the $9.3 billion being invested in the country. Uganda and Tanzania received 13 per cent and 12 per cent of the total investments respectively.
Tanzania-Kenya Highway Upgrade to Boost Trade
The upgrade of a key link road between Tanzania and Kenya is underway, raising prospects for enhanced cross-border trade.
The expansion of the multimillion-dollar superhighway running from Arusha-Holili in Tanzania to Taveta-Voi in Kenya, is expected to ease the movement of goods from Kenya's Mombasa port to landlocked countries.
The superhighway, which will be implemented in two phases on the Tanzanian side, commenced with a 14km four-lane road from Tengeru town to Sakina suburb on the Arusha-Moshi highway.
Kenya to Get Investment Worth $55.6bn for Infrastructure Development
An estimated $55.6 billion in investment into infrastructure development for Kenya is planned (as of 2015), the majority of which will focus on telecommunications and power generation infrastructure, a new study reveals.
Dubbed as African Infrastructure Tracker: Kenya, the research and analysis was done by Frost & Sullivan. The study also reveals that Kenya is set to become a hub for intra-regional trade in Africa.
The study also reveals that Mega infrastructure projects are planned for East Africa and are set to create unique opportunities and open new markets in Kenya, Uganda and Ethiopia. Industry sectors expected to benefit from the planned infrastructure developments include oil and gas (O&G), mining, agriculture, and retail.
Tatu City project finally takes off the ground
Tatu City, Kenya’s biggest privately funded real estate project, is finally taking shape, with civil works set to begin after a ground-breaking ceremony on Saturday.
Sixty per cent of the first phase of the 150-acre Kijani Ridge had already been bought by home owners including Kiambu County Governor William Kabogo.
Kijani has been subdivided into 145 half acre and 156 quarter acre plots. “My home will be in Tatu and I welcome all those who want to live next to Kiambu’s first governor as a neighbour,” said Mr Kabogo.
During the launch that was attended by United States Ambassador Robert Godec and Foreign Affairs Cabinet Secretary Amina Mohamed, Rendeavour an American real estate company, showcased what is set to be a premier gated community with spacious individual serviced plots.
