Kenya seals Sh258 billion de-risking deal, healthcare, infrastructure MoUs at UK investment forum
Nairobi International Financial Centre Authority (NIFCA), operating under the National Treasury and led by CEO Daniel Mainda, spearheaded the signing of the MoUs.
In a strategic move to deepen the country’s financial markets and boost investment readiness, Kenya secured landmark agreements during the July 2 Kenya Investment Forum in London.
The agreements were signed with Africa Specialty Risks (ASR), a pan-African reinsurance provider; Bupa Group, a global healthcare and insurance company; and the Africa Finance Corporation, a development finance institution.
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Nairobi International Financial Centre Authority (NIFCA), operating under the National Treasury and led by CEO Daniel Mainda, spearheaded the signing of the MoUs.
Notably, the partnerships aim to reinforce Kenya’s ambitions to become a globally competitive financial hub by enhancing its risk management capabilities, healthcare financing systems, and sustainable infrastructure investment pipelines.
A major highlight is the agreement with pan-African reinsurer Africa Specialty Risks.
The deal seeks to strengthen Kenya’s risk capacity through ASR’s underwriting expertise and access to AA-rated global capital.
Bolster investor confidence
Intending to de-risk up to $2 billion (Sh258.5 billion) in investment exposure, the agreement seeks to help bolster investor confidence and develop local and regional specialty (re)insurance markets.
The deal with Bupa Group focuses on accelerating healthcare investment within the NIFC framework, aligning with Kenya’s broader efforts to build a financially resilient and inclusive healthcare system.
The collaboration also seeks to support the development of high-quality health financing products and services tailored to the region.
Nevertheless, the MoU with the Africa Finance Corporation intends to channel investment into infrastructure and green finance, aligning with the country’s climate goals and the broader African development agenda.
It is further expected to play a key role in mobilising long-term capital for transformational projects.
The signing ceremony was witnessed by Trade Cabinet Secretary Lee Kinyanjui and Treasury CS John Mbadi.
A joint statement from the forum noted that together, the agreements represent a new chapter for Kenya’s financial services sector, unlocking capital flows into reinsurance, healthcare, infrastructure and sustainable finance.
“As global trade and investment flows shift, NIFCA is leading the charge to attract premier global institutions into the Nairobi International Financial Centre, driving innovation, resilience, and long-term economic transformation,” the statement reads.
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