April 29, 2026

Nairobi Kenya, 29 April 2026 – US owned Everstrong Capital Kenya Limited expresses its disappointment with the decision of Kenya’s Public Private Partnerships Petitions Committee declining to uphold Everstrong’s petition concerning the evaluation of the feasibility report for the Usahihi Nairobi–Mombasa Expressway Project. Notwithstanding this outcome, Everstrong remains committed to working collaboratively with the Government of Kenya to resolve the areas of divergence and to facilitate private investment in high-impact infrastructure solutions for the country.

Everstrong respects the institutional role of the Committee, but believes the decision leaves significant questions of law, procedure, and investor treatment unanswered—creating continued uncertainty in the review of privately financed proposals. Such uncertainty carries a real financial cost: it delays decision-making, increases transaction and financing costs, and ultimately places an added burden on Kenyans by making it more expensive to mobilize long-term private capital for critical infrastructure. Everstrong is therefore evaluating all available legal avenues, including a potential application for review before the High Court of Kenya.

The Usahihi Expressway Project is being developed by Everstrong-led, world-class consortium under Kenya’s Public Private Partnerships framework following the formal approval of a Privately Initiated Investment Proposal and subsequent work undertaken pursuant to a Project Development Agreement with the Kenya National Highways Authority (KeNHA). This is not a standalone Everstrong effort: the consortium brings together highly qualified Kenyan, Italian, Turkish, South African, Egyptian, Dutch, Spanish and American firms with deep experience delivering major infrastructure projects. In response to requests and guidance from KeNHA and the PPP Unit, the consortium has invested tens of millions of dollars over several years to develop multiple proposals—backed by leading technical, legal, financial, and engineering expertise—to deliver a credible, fully costed, and bankable project.

Everstrong and its consortium partners continue to actively organize approximately USD 3.2 billion in local and international project finance and have demonstrated their ability to mobilize the required debt and equity for the project. We are prepared to advance this financing in a manner that supports the objectives of the National Treasury—while ensuring the project remains privately financed and does not create an added financial burden or fiscal exposure for the Government of Kenya. Evidence of committed and readily available financing from reputable local and international institutions was presented during the evaluation process, underscoring the project’s commercial viability and readiness for implementation.

The feasibility report submitted to KeNHA sets out a proposal for a four-to-six lane expressway between Nairobi and Mombasa, designed to the highest international standards, built and operated without sovereign debt or direct financial contribution from the Government of Kenya. The project provides a privately financed solution to one of Kenya’s most critical infrastructure corridors, with a cost per kilometer among the most competitive of any privately promoted road project currently active in the country, while emphasizing transparency, competitive financing, and private sector risk allocation in line with global best practices.

Everstrong and the Usahihi consortium, anchored by Trans Africa Concessions and Arab Contractors, remain committed to engaging constructively with the Government of Kenya to support the integrity of Kenya’s PPP framework and to avoid creating uncertainty—or any doubt in international financial markets—about investing in Kenya. The scale of private capital being mobilized by the consortium, drawn from investors based in the United States, Kenya, South Africa, Egypt, Italy, Turkey, Spain, and the Netherlands, reflects strong international confidence in the project as structured by Everstrong and in the U.S.–Kenya economic partnership in delivering large-scale infrastructure. The outcome of this matter continues to be followed closely by the international investment community, which views Kenya as a benchmark market for private infrastructure investment in sub–Saharan Africa.

The Usahihi Expressway is designed to deliver wide ranging benefits to Kenya, including but not limited to supporting more than 50,000 jobs during construction and operations, with a strong commitment to local content, skills transfer, and the participation of Kenyan contractors and suppliers. The project’s privately financed PPP structure is also highly consistent with the objectives of Kenya’s National Infrastructure Fund, including mobilizing long-term capital to deliver priority infrastructure efficiently and sustainably. Communities along the Nairobi–Mombasa corridor remain central to the project’s design, with planned investments in road safety, access improvements, local services, and sustained community engagement to ensure inclusive economic benefits across counties.

Beyond improved mobility and logistics, the project enhances trade efficiency along one of East Africa’s most important economic corridors, reduces travel time and vehicle operating costs, improves road safety, and strengthens Kenya’s position as a regional transport and investment hub. Everstrong has already taken into account the feedback received through stakeholder meetings, and remains committed to delivering the road that communities, road users, and national stakeholders have asked for—through a transparent process, competitive procurement, and long-term partnerships with local institutions and communities that reinforce inclusive, durable, and locally anchored development outcomes.

While administrative and procedural delays have affected the project’s progress, Everstrong remains focused on constructive engagement and on advancing solutions that unlock private capital for Kenya’s infrastructure priorities. This matter should not be reduced to debates about which firms are subcontractors or co-developers, or to questions of who may contribute to administrative and procedural delays; it is about delivering a long-overdue national project by harnessing the best of the U.S.–Kenya relationship and the depth of expertise and financing it can mobilize.

Despite the procedural uncertainty, Everstrong remains committed to the Project and to bringing long-term capital to Kenya—working within Kenya’s legal and institutional frameworks and maintaining openness and transparency with public authorities, partners, investors, and the communities the project is intended to serve. Everstrong views Kenya as a priority market and remains firmly committed to financing and delivering transformative infrastructure across transport, energy, water and related sectors in East Africa, while continuing to provide timely updates in line with its obligations.

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Usahihi Expressway Media Contact:
Marieke van Kuppeveld
Communications at Usahihi Expressway
marketing@usahihi.com

Usahihi, meaning “Done Correctly” in Swahili, is Africa’s largest toll road project, transforming infrastructure between Nairobi and Mombasa. This 459 km, climate-resilient expressway is a Public-Private Partnership, self-financed through tolls, and poses no financial burden on the Kenyan government. With a USD 3.2 billion investment, Usahihi focuses on sustainability, featuring wildlife corridors, electric vehicle charging, and renewable energy infrastructure. The project will create thousands of jobs, reduce travel time from 10.5 to 4.5 hours, and enhance trade, safety, and economic growth in East Africa.

Everstrong Capital, established in 2015, is a US-owned infrastructure investment manager with a presence in both the US and Kenya, with a focus on advancing sustainable infrastructure development across Africa.

Everstrong Capital manages the Everstrong Kenya Infrastructure Fund (EKIF), dedicated to financing projects in energy, transportation, communication, water and social infrastructure within East Africa and has played a pivotal role in significant infrastructure projects, including its investment in Gulf Power’s Athi River Power project and its founding sponsorship of Milele Energy, an independent power producer holding a 25% stake in the Lake Turkana Wind Project. Everstrong is the sponsor of the Usahihi Expressway Public Private Partnership.