LONDON: US-based SinoAm Global Fund has signalled interest in investing up to $5 billion (approximately 12.8 trillion shillings) through large-scale public-private partnership (PPP) projects targeting infrastructure and strategic sectors, officials said.
The proposal was presented at a high-level meeting in London between the Minister of State in the President’s Office for Planning and Investment, Kitila Mkumbo, and senior executives of SinoAm LLC.
SinoAm chairman Najib Choufani said the fund plans to deploy the capital in phases, primarily through PPPs, in line with government development priorities. The firm identified commercially viable, high-impact opportunities aligned with long-term economic growth goals.
Priority areas include construction and operation of toll expressways, development of standard gauge railway (SGR) projects, and investments in transport and energy infrastructure to accelerate growth and strengthen regional competitiveness.
SinoAm CEO Tarek Choufani said the firm brings extensive international experience in financing, developing, and managing large-scale infrastructure projects. The investment would also transfer technical expertise, modern project management systems, and global best practices to ensure efficient and sustainable delivery.
Mkumbo welcomed the expression of interest, highlighting ongoing reforms, political stability, and a business-friendly environment that encourage international capital inflows.
PPPs, he said, remain central to closing infrastructure gaps, supporting industrialisation, and creating jobs.
Officials said technical consultations will follow to identify specific projects and translate the proposed investment into concrete, bankable initiatives.
