TRIFIC SEZ Secures Major $47.5 Million Funding Boost from Vantage Capital

TRIFIC SEZ Secures Major $47.5 Million Funding Boost from Vantage Capital

Two Rivers International & Innovation Centre (TRIFIC SEZ), a distinctive business park in Nairobi’s diplomatic zone, has received a $47.5 million investment from Vantage Capital, Africa’s largest mezzanine fund manager. This significant funding will drive TRIFIC SEZ's expansion, including the acquisition and renovation of a 14,975 square meter office tower. Moreover, plans are underway to develop two new Grade A office towers, offering a total of 76,800 square meters of leasable space.

Tenants of TRIFIC SEZ will benefit from a dynamic business environment within the larger Two Rivers precinct, which features residential areas, restaurants, shops, and entertainment venues.

Warren van der Merwe, managing partner at Vantage Capital, expressed pride in partnering with Centum, a well-regarded investment group, stating, “This collaboration will create jobs and attract foreign investment to Kenya.”

Centum's CEO, James Mworia, echoed this sentiment, noting that Vantage Capital's investment will enable TRIFIC SEZ to provide top-tier facilities, thereby attracting businesses and stimulating Kenya’s economy through job creation, foreign investment, and increased export revenue.

Source: Empower Africa

Related Report

The Business of Impact Investing in 2023

Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems