Kenya's KEPFIC Receives US$5.5 Billion Of Investment Proposals

The pension fund consortium requested proposals in December.

By Liz Bains on
1st August 2023

The Kenya Pension Funds Investment Consortium (KEPFIC) has received infrastructure and alternative investment proposals worth more than KSh700 billion (US$5.5 billion) from project sponsors and fund managers looking to raise capital from the local retirement benefits schemes, Capital News reports.

The figure was revealed during the KEPFIC Annual Investment Conference in Nairobi on 20 July, where shortlisted investment opportunities were presented in the form of a deal book to local pension fund investors and discussed with project sponsors, fund managers, and industry experts.

According to Capital News, the projects under evaluation span sectors such as energy, real estate, affordable housing, healthcare, water and sanitation, transport, agriculture, telecoms, and ICT.

KEPFIC is a consortium of Kenyan retirement funds that are collaborating to make long-term infrastructure and alternative asset investments in the region. 

KEPFIC operates as an industry association and provides various benefits to its participating members including pre-screened investment opportunities, economies of scale, capacity-building (such as live deal analysis, project site tours and investment workshops) co-investment with global pension funds, technical support and advocacy.

In December, KEPFIC issued a call for investment proposals.

KEPFIC is supported by USAID and the World Bank and has established partnerships with offshore pension funds looking for liquid co-investment opportunities in the region. Through this support and co-investment partnerships, KEPFIC aims to mobilise and invest at least US$250 million in infrastructure and alternative assets in the near term.

Photo: KEPFIC investment conference July 2023 (Source: @KEPFIC_Ke)

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