US firm races for pension billions for Nairobi-Mombasa Expressway

Expressway

The Nairobi Expressway Mlolongo Toll Station. US firm has begun raising funds for the construction of the planned 440-kilometre Nairobi-Mombasa Expressway.

Photo credit: File | Nation

US infrastructure investment manager Everstrong Capital has kicked off a race to raise capital from local pension funds for the construction of the planned 440-kilometre Nairobi-Mombasa Expressway.

In a new development, Everstrong Capital has struck a deal with CPF Capital & Advisory—a subsidiary of CPF Financial Services which manages pension funds—in a bid to raise billions of shillings from retirement benefits assets.

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