Invest Kenya, East Africa Venture Capital Association Sign Landmark Cooperation Deal

Kenya Investment Authority (Invest Kenya) and the East Africa Venture Capital Association (EAVCA) have entered into an agreement to drive private capital into Kenya and accelerate national economic growth through mobilizing capital, and to enhance market competitiveness.

• The partnership links Kenya’s state investment promotion agency and the leading industry association that represents private capital investors in the east Africa region.
• The institutions aim to position Kenya as the chief hub for private capital deployment across East Africa by mobilizing both domestic and international financing and enhancing Kenya’s global investment competitiveness.
• Founded in 2013, the EAVCA is a business membership organization that serves as the voice of private capital investors in East Africa.

“Private capital is shaping the future of economic growth, and Kenya continues to strengthen its position as one of Africa’s leading investment destinations, Our renewed partnership will focus on mobilizing private capital into priority sectors, advancing investment policy reforms, strengthening market intelligence, and deepening public-private collaboration," John Mwendwa, Invest Kenya CEO said during the signing in Nairobi.

He further said that private capital goes beyond financing businesses, noting that it can support innovation, enterprise growth, industrialization and job creation.

The agreement focuses on several core pillars: Jointly promoting Kenya as preferred destination for private capital through investment missions, roadshows, and targeted deal pipeline development to connect investors with high potential investible businesses; developing joint research, investment insights and market intelligence to inform investors; promoting evidence based decision making; and advancing market intelligence alongside capacity-building workshops to enhance investor readiness and local institutional capabilities.

“This partnership gives us an important bridge between the investors allocating capital and the public institutions shaping the environment in which that capital operates. For EAVCA, success will be measured not simply by how well we promote Kenya, but by how effectively we turn that engagement into investment, stronger businesses and long-term economic value,” said Chief Executive Officer Christine Maina. 

EAVCA has over 100 members managing close to USD 3 billion in funds under management, serves as the interlinking platform for public stakeholders, local businesses, and private investors, and operates offices in Kenya and Uganda.

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