AfDB Invests USD 10 M in Kenya’s Dhamana Guarantee Company

The African Development Bank has made a strategic equity investment of USD 10 M in Dhamana Guarantee Company, a Nairobi-based firm providing guarantees to support sustainable growth enterprises. This follows an anchor investment from the UK Government-backed Private Infrastructure Development Group through its subsidiary InfraCo Africa.

In addition to the African Development Bank’s investment, Dhamana will receive equity investments from County Pension Fund Financial Services and technical assistance support from Financial Sector Deepening Africa (FSD Africa) and Cardano Development.

Dhamana aims to catalyze the development of domestic capital markets in East Africa by connecting underutilized sources of domestic institutional capital with the real economy. This includes sectors such as green infrastructure and business credit provision, increasing access to affordable local capital while offering low-risk investment opportunities for local investors.