GuarantCo and InfraCo open Nairobi officeAfrica Capital Digest
GuarantCo and InfraCo, both part of London-based Private Infrastructure Development Group, (PIDG), have opened an office in Nairobi, their first on the continent. The new office will cover the companies’ respective activities in Eastern and Southern Africa.
The local team will enhance PIDG’s engagement with local markets, originate new deals, mobilise private capital and be able to respond rapidly and flexibly to the needs of their existing project portfolios. It’s expected that having a local presence in East and Southern Africa will also strengthen relationships with regional partners, governments and investors.
Speaking at the launch of the office last week, Brian Count, InfraCo Africa’s Chairman said “We are delighted to establish a joint base in Nairobi alongside our sister PIDG company, GuarantCo, which will create opportunities to leverage the complementary work of the two companies, the wider PIDG and its Donors, working with the private sector to deliver more infrastructure for East and Southern Africa. We believe that a Nairobi office will allow us to better identify project opportunities and develop better relations with both our key partners and decision makers”
GuarantCo was established by the PIDG in 2006 to encourage infrastructure development in low income countries, through the provision of credit guarantees that enable infrastructure projects to raise debt finance. InfraCo Africa was established two years earlier to provide the early stage risk capital, private sector development expertise and the highest operating standards needed to develop infrastructure projects across a range of sectors in sub-Saharan Africa.