The government of Kenya has struck a high-stakes deal that could unlock over Ksh260 billion ($2 billion) in investments by insulating foreign capital from risk, a move the National Treasury says could dramatically reshape investor confidence in the country.
The Nairobi International Financial Centre Authority (NIFCA), under the National Treasury, signed a landmark agreement with Africa Specialty Risks (ASR) - a leading global underwriter - during the ongoing Africa Debate Forum in London. The deal was signed by NIFCA CEO Daniel Mainda and ASR's Chief Distribution Officer Amit Khilosia, with Treasury CS John Mbadi and Industry CS Lee Kinyanjui present as witnesses, signalling top-level government endorsement.
Under the agreement, ASR will provide de-risking support for up to Ksh260 billion ($2 billion) in projects across Kenya, using its access to AA-rated global capacity and its deep reinsurance expertise. Treasury CS John Mbadi during the signing of a concessional loan agreement from the International Fund for Agricultural Development (IFAD) on June 23, 2025.
Photo National Treasury The goal is to make Kenya a safer and more attractive destination for global investors who have been wary of political, economic, or regulatory volatility.
