A road under construction: The investment firm intends to adopt a multilateral strategy for infrastructure finance. FILE PHOTO | JOSEPH KANYI | NATION MEDIA GROUP
Its deputy boss, Nicholas Mitsos, said they want to show that Chinese and entities from the West can team up to underwrite and construct essential public infrastructure in the developing world.
China has formed an infrastructure firm with an initial Sh50 billion ($500 million) investment to help fund projects in Africa.
The China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studies.
