Just a month after Fieldstone Africa introduced an investment index to ask investors, developers and financial institutions in the renewable energy sector, the firm has launched its second office in Africa, after Johannesburg.
The firm says it foresees an Africa of regions and Nairobi will help them get more involved to serve its existing clients and assist in the dynamic growth in Kenya and the region.
Fieldstone Africa has established itself over its twenty years of history in Africa as a leading player in energy, infrastructure and related large capital projects. During that time, Fieldstone has been involved in over US$ 12 billion of transactions throughout the Continent. Nairobi joins the Fieldstone Africa sites in London, Johannesburg, Berlin and Washington, DC and the global network of Fieldstone.
Fieldstone Africa Chief Executive Jason Harlan, speaking during the launch noted that the firm has identified East Africa, and Kenya in particular, as a vital location to serve its existing clients and help local companies tap into its global network of resources and expertise.
Harlan noted that the opportunity required the significant pool of existing talent and new entrants to work together to develop models mobilising local financial capacity and attracting international capital to economically necessary projects. Fieldstone Africa’s role in the listing of Uganda’s Umeme on the Nairobi Stock Exchange is an example of motivating regional capital to spur growth while its work with international investors in the Lake Turkana wind project shows how capital from abroad can enhance project development. “Fieldstone Africa is, by means of its heritage and global reach, positioned to connect Africa with the world’s capital markets,” said Mr. Harlan.
“As an independent investment bank, we offer objective advice tailored to help our clients achieve optimal financial and strategic results based on their specific needs.” explained Mr. Harlan.
Speaking at the launch, Fieldstone Africa Senior Representative for East Africa Dr. Catherine Adeya–Weya (former CEO of Konza Technopolis) said the firm will deliver product and performance to the highest international standards coupled with a deeper understanding of the particulars of the local and regional context.
The launch comes as Fieldstone Africa and its subsidiary, Fieldstone Africa Investment Resources (FAIR) are involved with several energy projects in East Africa. Taken together the projects evidence the shift in the energy paradigm to a broader mix of renewable and off grid solutions complementing the centralised power production.