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6th October 2017

PIDG opens new Africa office

Kenya base means expansion and greater development impact

PIDG companies GuarantCo and InfraCo Africa have marked the official opening of their east Africa office.

It is providing an important regional presence which will underpin an expanded project portfolio and greater development impact on the continent. 

A launch event in Nairobi brought together investors, developers and government representatives to discuss the mobilisation of private sector finance for much-needed infrastructure, building on the work PIDG has been doing in the region for the last 15 years, yesterday.

PIDG has committed US$2bn of its donor funding to infrastructure projects in sub-Saharan Africa since 2002, mobilising US$13.9bn investment from the private sector and helping 189 million people gain access to new or improved infrastructure.

PIDG CEO Philippe Valahu said: “The invaluable regional presence of these PIDG companies will be a focal point for our development activities across sub-Saharan Africa.

“It is part of a wider drive for collaboration which includes developing PIDG-wide country, regional and sector strategies that also link with and support our members’ development goals.”.

The Kenya  team will enhance PIDG’s engagement with local markets, originate new projects, help mobilise private capital and respond more flexibly to the needs of their existing portfolio.

Having a presence in region will also strengthen relationships with regional partners, governments, and investors.

A similar co-location in Singapore has brought together GuarantCo and InfraCo Asia’s efforts to mobilise infrastructure investment in the low-income countries of south and south-east Asia.