Nairobi, Kenya, September 27, 2023 - Sérgio Pimenta, IFC's Vice President for Africa, will visit Nairobi, Kenya from September 27th to 29th to reiterate IFC's commitment to supporting Kenya's green and inclusive development goals.
Accompanied by senior members of IFC's leadership team for Africa, Mr. Pimenta will hold talks with senior government officials and key private sector leaders. Mr. Pimenta will discuss with partners new avenues and opportunities for economic cooperation, trade, and investment to support sustainable economic growth and job creation in Kenya and the broader region by unlocking greater investment from the private sector.
While Kenya, like the rest of the world, is confronting rising inflation, disrupted supply chains, the increased threat of global warming, and heightened food insecurity, the country also has untapped investment opportunities. Kenya is Eastern Africa's regional trade and financial hub and is leading with its approach to green development. Additionally, the country is digitally connected and has a young and entrepreneurial population which provide the private sector with opportunities to drive growth and create more jobs for the country.
As of June 30, 2023, IFC's investment portfolio in Kenya totaled $1.16 billion across manufacturing, agribusiness, financial services, infrastructure, and technology. IFC also has an advisory portfolio of $58 million. The advisory program complements IFC's investments and is growing in key strategic areas such as healthcare, affordable housing, and financial inclusion.
WHO: Sérgio Pimenta, Vice President for Africa, IFC - @SPimentaIFC
WHEN: Wednesday, September 27, 2023 to Friday, September 29, 2023
WHERE: Nairobi, Kenya
For media requests, please contact:
Devon Maylie | dmaylie@ifc.org | +1 202 948 6397
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
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Sérgio Pimenta
IFC's Vice President for Africa
Sérgio Pimenta is IFC's Vice President for Africa. In this capacity, he is in charge of all investment, and advisory operations in a region with a committed portfolio of $13.3 billion and more than 800 staff working to expand the private sector's role in addressing urgent development challenges in the financial, manufacturing, agribusiness and services, and infrastructure industries.
Previously, Mr. Pimenta was Director and Global Head of Industry—Manufacturing, Agribusiness, and Services at IFC, managing all operations in these sectors worldwide. Mr. Pimenta also served for three years as IFC's Regional Director responsible for East Asia and the Pacific, based in Hong Kong.
Earlier in his career at IFC, Mr. Pimenta held senior managerial positions in the manufacturing, agribusiness, and services sectors in the Asia Pacific region, the Middle East and North Africa, and Washington, DC.
Prior to joining the World Bank Group through its Young Professionals Program in 1996, Mr. Pimenta worked for the Treasury Department of the French Ministry of Finance, as well as for Banque Nationale de Paris (BNP).
A Portuguese and French national, Mr. Pimenta holds an engineering degree from the École Polytechnique, Paris, and a post-graduate degree from the École Nationale des Ponts et Chaussées, Paris.
