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Africa Integras invests $11m in University dorm project

Image Credit: Kenyatta University

In the second reported deal in as many weeks, private equity firm Africa Integras has entered into a public-private partnership agreement with Kenyatta University to invest $11 million to build student hostels providing 10,000 beds for the University’s undergraduate and post-graduate students. The PPP s the first of its kind involving a public university in Kenya.

University World News reports that the deal is one of a number of PPPs approved by the country’s Cabinet Ministers in May, under a framework through which the government hopes to attract $25 billion in private capital infrastructure investment over the next 10 years. Some expect the deal and the cabinet approval could lead to a flood of capital flowing into Kenya’s education sector, fueled by strong growth in demand for education and the accompanying billions of dollars in revenue generated annually by the rising numbers of students.

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