NAIROBI, March 31 (Xinhua) -- Kenyan and U.S. pension fund managers are due to meet in Nairobi on Monday to evaluate the investment potential and opportunities in infrastructure in the East African nation, officials said on Sunday.
The World Bank said the three-day meeting will see Kenya Pension Fund Investment Consortium (KEPFIC) host 30 representatives of major U.S. pension and asset management funds to discuss investment opportunities with KEPFIC and its membership of 12 Kenyan fund managers, which currently manage 200 billion shillings (2 billion U.S. dollars) in assets.
"Our delegation of U.S. institutional investors comes to Kenya with a keen interest to explore investment opportunities in the region. While there is currently limited exposure in Kenya, there is great opportunity to scale up these investments," Donna Sims Wilson, president of Smith Graham and chair of Washington-based National Association of Securities Professionals (NASP) said in a statement issued in Nairobi.
"We are looking forward to advancing our discussions with our Kenyan counterparts at KEPFIC for mutual support and benefit," Wilson added.
The U.S. delegation is led by Mobilizing Institutional Investors to Develop Africa's Infrastructure, a partnership between the NASP and the U.S. Agency for International Development to increase private sector capital into infrastructure investments in sub-Saharan Africa.