UK investors head to Kenya
12 December 2011, 11:01
Nairobi - A delegation of United Kingdom (UK) based private equity investors are set to tour Kenya to evaluate long term trade, development and investment opportunities in the local market.
Undeterred by the prevailing economic climate, senior executives from Britain’s DVK Group which manage an Africa investment fund are expected in the country early on Monday for a series of high level exploratory meetings with top government officials as the organizations sets its eyes on Kenyan and surrounding countries opportunities.
Speaking in Nairobi, DVK Group Tour Co-ordinator and also a Technical Co-operation Adviser with the Commonwealth Secretariat Julius Ndungu Kaberere confirmed that DVK Group’s Chairman Deepak Kuntawala, former British Trade and Industry Minister and House of Commons Deputy Leader Nigel Griffiths and DVK Group’s Africa Fund Advisor Cllr Marianne Alapini would be in the country to formally express the organizations trade interest at the proposed Konza Technopolis and other strategic partnerships.
During the visit, the DVK Group delegation will also hold exploratory meetings with leading private sector and business leaders alongside key players in the local Information Communication Technologies (ICT); agricultural sectors. The Group is involved in a major broadband project headed by Segan Thomas of TGT, which rolling out Broad Band throughout Africa, the multi million deal.
The DVK Group has been invited by Vice President Kalonzo Musyoka who recently asked the group to visit Kenya during his recent working trip to the UK and Cyprus. They will also meet a number of Ministers and key Government officials.
“The DVK Group through Funds under management is considering trade/ investment opportunities at Konza Technopolis, various Agricultural/ Infrastructural projects among other options as part of its commitment to pursue sustainable strategic partnerships in Africa,” Kaberere said.
And added: “Vice President Kalonzo Musyoka’s recent visit to London could not have come at a better time as it was highly instrumental in marketing and placing Kenya high on the DVK Group’s strategic geographic region target.”
With trading interests spread across China, South Africa, Ghana, Switzerland and the United Arab Emirates, the DVK Group is boutique finance house focused on private equity, structured trade/commodity finance products, commodity trading, international hedge funds, among other specialist finance solutions.
In Kenya, the DVK Group is setting its sights on public private partnership styled investment opportunities focusing on Vision 2030 delivery projects.
During the four-day tour of Kenya, the DVK Group delegation will also seek to identify suitable partners and stakeholders as part of its bid to set up an operations hub in East Africa.