The Kenya Investment Authority (Invest Kenya) and IFC, a member of the World Bank Group, today entered into a strategic collaboration agreement that sets out a strong framework for enhanced cooperation between the two institutions.
The partnership aims to strengthen Kenya’s investment promotion efforts to attract, facilitate and accelerate the flow of foreign direct investment (FDI), and unlock new economic opportunities across priority growth sectors.
It builds on the IFC Africa Investment Promotion Agency (IPA) Network, launched earlier this year to encourage greater investment and private sector development in Africa.
Through this collaboration, IFC will provide targeted support to strengthen Invest Kenya’s institutional capacity to systematically identify, structure, and promote high-value, investable opportunities for private investors and financiers.
The initiative aims to support the development of a robust pipeline of investable projects across prioritized growth sectors, helping to accelerate investment generation and stimulate job creation and economic transformation in Kenya. A key outcome of the partnership will be the preparation of investable projects across priority sectors, to be reviewed and approved by Invest Kenya upon completion.
In addition, the project is expected to generate concrete investment leads, signaling increased investor appetite and confidence in Kenya’s market potential. This collaborative effort will ensure that Kenya can attract, and secure higher-value foreign direct investment aligned with national development priorities, driving new capital inflows, business growth, and job creation.
John Mwendwa, CEO, Kenya Investment Authority (Invest Kenya), stated that “Investors are eager to deploy capital in markets with clear, credible pipelines. IFC’s technical expertise enables us to respond to that demand by bringing forward high-quality, investment-ready projects in Kenya’s most promising sectors. This is a major step in ensuring Kenya remains the destination of choice for global investors looking for impact and opportunity.”
Gillian Rogers, Principal Country Officer at IFC Kenya, added that “IFC is a strong and longstanding partner with Kenya, a country with a dynamic and diverse private sector that is competitive in industries ranging from agriculture and manufacturing to tourism and financial services. Working with the Kenya Investment Authority, IFC aims to strengthen Kenya’s economy further by helping attract investment that creates jobs and builds industries, contributing to long-term growth and opportunity.”
This collaboration will also promote stronger regional and international investor outreach, support policy reform initiatives, and develop targeted investment promotion strategies aligned with Kenya’s economic priorities.
The agreement builds on a shared commitment to drive sustainable development, support innovation, and expand inclusive economic growth for the benefit of Kenyan businesses and communities.
IFC’s primary focus in Kenya is supporting job creation through targeted investments to grow private enterprises, expand market opportunities, and drive inclusive economic growth, alongside the provision of advisory services at a firm and sector level. Key focus areas include agriculture, energy, access to finance, and SMEs.
