American private equity fund, Everstrong Capital wants to raise Sh5.5 billion ($50 million) from institutional investors targeting infrastructure projects in Kenya and Africa.

The fund dubbed the Kenya Infrastructure Fund will focus on energy, water, ICT, transport and healthcare sectors, and is targeting projects within three years of financial close.

Everstrong Capital expects to close the first round of the cash call by March 2021.

For more information, please see https://www.businessdailyafrica.com/bd/markets/capital-markets/american-pe-targets-energy-projects-with-sh5-5bn-fund-3217992