Financial Services provider CPF has invested Sh600 million worth of an undisclosed stake in bond insurer Dhamana Guarantee Company (DGC), as it looks to leverage alternative investments to rival the government in the race for investor funds scouting for returns and security.
CPF is among shareholders of the newly established Kenya-based DGC, an East Africa-focused limited liability company set up by, among others, London-based Private Infrastructure Development Group as the anchor investor and the African Development Bank.
