Fieldstone Africa has opened a Nairobi office to drive expansion into the energy and infrastructure sectors.
The firm, an independent investment bank that specialises in energy and infrastructure said that the move is a market responce to the growing demand for investments in the sectors as well as related large capital intensive projects currently being undertaken across the region.
Jason Harlan, the company’s chief executive said Thursday that the Nairobi office will serve its existing clients and expose local companies with interests in the sectors to its global network.
“East Africa and Kenya particularly present a compelling case and we recognise the opportunities in the pool of existing talent and new entrants to work together to develop models mobilizing local financial capacity and attracting international capital to economically necessary projects,” said Mr. Harlan, during the launch in Nairobi yesterday.
The launch comes in the wake of an increased drive by the Kenyan government through the ministry of energy and petroleum to boost the country’s electricity production by over 5,000 megawatts (MW) next year, with a key focus on renewable energy mix including geothermal, wind and solar to supplement the overly used hydro power generation.
Fieldstone Africa is credited for having advised on the largest single foreign private investor ever in the sector on the Lake Turkana Wind Power project launched in April this year by President Uhuru Kenyatta.
Meanwhile, the company has named Ms. Catherine Adeya-Weya as its Director for East Africa following her experience in the governmental and private sector interface as a senior governmental figure in a major infrastructure initiative.
“The firm will deliver product and performance to the standards with deeper understanding of local and regional markets,” she said.
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