The agreement was signed by Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi and AFC President and CEO Samaila Zubairu, in a ceremony witnessed by President William Samoei Ruto on the sidelines of the AFC Annual General Meeting. The establishment of the Nairobi office positions Kenya as a strategic hub for infrastructure financing, leveraging its role as a regional centre for logistics, finance, and technology. AFC plans to mobilise over US$2 billion in the region over the next three to five years, targeting key sectors including transport corridors, energy, special economic zones, and digital infrastructure.

Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi and AFC President and CEO Samaila Zubairu

President Ruto noted that the partnership reinforces Kenya’s position as a leading destination for investment and a gateway for regional growth, while enhancing the country’s capacity to deliver transformative projects aligned with national development priorities. AFC President Samaila Zubairu underscored that the Nairobi office will enable faster project origination, improved structuring, and scaled capital deployment across interconnected markets. AFC’s expansion builds on its strong track record in Kenya, where it has committed over US$1.3 billion since 2017 in energy, transport, and industrial projects, including the Dongo Kundu Integrated Industrial Park, Naivasha Special Economic Zone II.