Breakfast Meeting for the Launch of Africa Capital Week in Nairobi

Earlier today, the Principal Secretary for Economic Planning Dr. Bonface Makokha graced the launch of Africa Capital Week held at the Kenya School of Monetary Studies (KSMS) in Nairobi.

This launch marks the beginning of the scheduled conference that will run from August 31st to September 4th, aimed at reshaping the continent’s financial landscape.

At the core of the initiative is a mission to deepen capital markets and advance Africa’s economic sovereignty. This will position Nairobi as a premier international investment hub, the program seeks to leverage domestic capital to fund sustainable growth and reduce dependency.

Dr. Bonface Makokha, noted that the forum has come at a critical moment for Kenya and the African. He highlighted Africa’s strong potential, citing its fast-growing economies, youthful population, and vast resources.

The PS, however,pointed out that conversations around capital have often been shaped by concerns over debt and risk, alongside challenges such as limited bankable projects and investor misalignment.It is against this backdrop, that Africa Capital Week seeks to shift the narrative toward opportunity, partnership, and sustainable investment.

Additionally, Dr. Makokha linked the initiative to the 2026/2027 National Budget and the government’s broader economic transformation agenda. He noted that Kenya recorded a 4.6 percent GDP growth in 2025, with a nominal GDP of KSh 17.58 trillion, underscoring the country’s macroeconomic stability.

Furthermore, he outlined key priorities under Kenya Vision 2030, including infrastructure, energy, the digital economy, agriculture, and housing linking them to the BETA priorities.He also acknowledged existing fiscal constraints and emphasized the need to deepen capital markets, expand Public Private Partnerships, and mobilize alternative financing to sustain long-term growth.

Dr. Makokha referenced the Africa Forward Summit 2026 as a turning point that redefines the continent’s position on the global stage. He linked these efforts to the recently presented 2026/2027 financial budget, which prioritizes the digital economy and affordable housing as key pillars of national development.

Meanwhile, the government is rolling out flagship projects designed to catalyze growth across these sectors. In partnership with the Vision 2030 Delivery Secretariat (VDS), the State Department aims to ensure that the capital market deepening directly supports the realization of these transformative goals.

Similarly, the Principal Secretary for the State Department for Public Investments and Asset Management underscored the importance of good governance and safeguarding investments. He emphasized that building stakeholder confidence is key to mobilizing domestic capital, including pension and insurance funds, into productive sectors.

The expansion of Public Private Partnerships (PPPs) remains a central pillar of this strategy which seeks to strengthen institutional frameworks, the government aims to unlock public asset value and foster deeper collaboration with the private sector to fund large-scale development projects.

The forum seeks to redefine the continent’s financial narrative toward independence and resilience. Through coordinated efforts at the National Treasury, Africa Capital Week is positioned to create a sustainable framework for long-term wealth creation and industrialization.

Present during the meeting were, Director General of the Vision 2030 Secretariat Mr. James Maina, The Vision 2030 Board Chairman Dr. Emmanuel Nzai, Chairman Capital Markets Authority of Kenya Mr. Ugas S. Mohamed, Africa Capital Week Technical Committee Lead Ms. Cynthia Karuri-Kropa, among others.