Kenya has finalized a landmark agreement to safeguard over $2 billion (Ksh260 billion) in foreign investment.
According to Business Insider reports, this is a strategic move aimed at mitigating investor concerns following recent nationwide protests.
The deal, signed between the Nairobi International Financial Centre Authority (NIFCA) and Africa Specialty Risks (ASR), is designed to provide comprehensive de-risking support for major projects across infrastructure, logistics, energy, and trade.
ASR, a global underwriter with access to AA-rated international reinsurance capacity, will play a central role in offering risk coverage to bolster investor confidence.
The agreement was formalized during the Africa Debate Forum in London, with senior government officials, including Treasury Cabinet Secretary John Mbadi and Industry CS Lee Kinyanjui, in attendance.
NIFCA CEO Daniel Mainda and ASR’s Chief Distribution Officer Amit Khilosia led the signing ceremony.
The initiative comes at a critical time, following widespread protests that shook investor sentiment and raised questions about Kenya’s economic stability.
By addressing political and economic risk factors head-on, the deal seeks to lower the cost of capital, fast-track investment approvals, and catalyze capital inflows into Kenya’s underdeveloped specialty insurance and reinsurance markets.
This large-scale de-risking framework is rare on the continent and positions Nairobi as a leader in creating a secure, investment-friendly climate.
According to the Treasury, the initiative not only unlocks financing for high-impact sectors but also offers macroeconomic stability during periods of disruption.
In addition to the ASR pact, Kenya signed separate agreements with Bupa Group to enhance healthcare investment and with the Africa Finance Corporation to advance infrastructure and sustainable finance—moves aligned with the country’s long-term development strategy and green growth agenda.
Image Credit: Al Jazeera
