Kenyan, U.S. pension fund managers mull infrastructure investment
Kenyan and U.S. pension fund managers are in Nairobi evaluating the investment potential and opportunities in infrastructure in the East African nation.
The World Bank said the three-day meeting, which kicked off on Monday, will see the Kenya Pension Fund Investment Consortium (KEPFIC) host 30 representatives of major U.S. pension and asset management funds to discuss investment opportunities with KEPFIC and its membership of 12 Kenyan fund managers, which currently manage 200 billion shillings (2 billion U.S. dollars) in assets.
“Our delegation of U.S. institutional investors comes to Kenya with a keen interest to explore investment opportunities in the region. While there is currently limited exposure in Kenya, there is great opportunity to scale up these investments,” Donna Sims Wilson, president of Smith Graham and chair of Washington-based National Association of Securities Professionals (NASP) said in a statement issued in Nairobi.
“We are looking forward to advancing our discussions with our Kenyan counterparts at KEPFIC for mutual support and benefit,” Wilson added.
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