Multilateral Investment Guarantee Agency (MIGA) Chief operating officer and Vice President S. Vijay Iyer will be visiting Kenya and Rwanda from September 7-15th.
The purpose of the visit is to enhance private sector investments in both countries in key industries such as energy, infrastructure and agriculture.
Mr. Iyer will chair multiple business development round tables in Kenya and hold meetings with government officials.
In Rwanda, he will speak at the Development Finance Forum in Kigali and meet with senior members of the government and regional business leaders.
“Governments across the continent have set ambitious development targets. MIGA stands ready to provide support by securing capital from the private sector for high impact projects, which will act as economic multipliers and create jobs,” he says.
MIGA is a member of the World Bank Group whose mandate is to promote cross border investment in developing countries by developing guarantees such political risk insurance and credit enhancement to investors and lenders.
The Agency’s gross exposure in Sub-Saharan Africa as a whole is $5.4 billion and during the last fiscal year set a record-breaking $1 billion in new issuance for the region.