NAIROBI, Kenya, April 23/APO Group: Africa Finance Corporation (AFC) and the Government of Kenya inked a Host Country Agreement establishing AFC’s first regional office in Nairobi.
The aim is to expand the corporation’s platform for scaling infrastructure investment and industrial development across Africa.
The agreement, signed by H, Prime Cabinet Secretary, and (Cabinet Secretary for Foreign and Diaspora Affairs) H.E. Dr. Musalia Mudavadi, and AFC President and CEO, Samaila Zubairu, on the sidelines of The Africa We Build Summit in Nairobi, formalizes Kenya as the host country of AFC’s Regional Office.
“Kenya welcomes the entry of AFC into the country and in the East Africa region. Kenya continues to be not only the hub for the region but in the continent,” said Prime Cabinet Secretary H.E. Mudavadi.
“Kenya represents one of Africa’s most compelling growth corridors, poised to expand by 5.3 percent in 2026, while the broader East African Community is growing at approximately 6 percent annually.”
Nairobi’s established role as a regional logistics, financial, and technology hub makes it a natural base for AFC’s operations across transaction origination, capital mobilisation, and cross-border project execution.
AFC plans to deploy and mobilize more than USD2 billion across the region over the next three to five years, spanning across sectors with strong multiplier effects, including logistics and trade corridors, power and transmission, special economic zones, digital infrastructure, and climate-resilient assets.
The Regional Office will help drive capital mobilization and structured local-currency solutions, delivering AFC’s investments and financial services products to its clients and partners, using transaction frameworks that improve bankability and crowd in institutional capital.
Since Kenya joined the AFC in 2017, the Corporation has committed over USD1.3 billion across energy, transport, and industrial projects.
President Ruto commented, “This signing marks a pivotal moment in Kenya’s economic development journey. By deepening our partnership with AFC, we are reinforcing Kenya’s position at the forefront of infrastructure and industrial transformation in Africa. AFC’s presence in Nairobi will help create jobs and strengthen our capacity to deliver transformative projects aligned with Kenya’s Vision 2030.”
While the President and CEO of Africa Finance Corporation, Samaila Zubairu, said: “Nairobi’s position as a logistics, finance, and technology hub makes it a natural anchor for AFC’s East African operations. Establishing a Regional Office in Nairobi allows us to originate faster, structure more effectively, and deploy capital at scale across interconnected markets. Our focus is on building investable infrastructure platforms that unlock regional trade, industrial capacity, and long-term economic growth.”
