Everstrong’s investment portfolio reflects our commitment to a diverse range of energy & power, transportation, communication, and healthcare organizations that create long-term value while improving life for communities, regions and entire countries.
Everstrong’s investment portfolio reflects our commitment to a diverse range of energy & power, transportation, communication, and healthcare organizations that create long-term value while improving life for communities, regions and entire countries.
SealTowers Ltd
Location: Kenya
Sector: ICT Telecommunication Infrastructure
Year of Investment: 2022
SealTowers Ltd is a qualified provider of cell towers, tower infrastructure and related services geared towards boosting network and data coverage in Kenya. With a Tier II Network Facilities Provider License, the company builds, owns, leases, and manages towers under long-term contracts with telecommunication companies such as Airtel, Telkom Kenya, Jamii Telecom and Wananchi Zuku. The Everstrong Kenya Infrastructure Fund, in February 2022, acquired a majority stake in SealTowers with the intention of facilitating a tower expansion plan to underserved areas in Kenya.
Gulf Power Athi River Power Generation Plant
Gulf Power continues to meet Kenya’s energy needs in an effort to fuel its economy, create jobs and boost growth. Their 80-megawatt power-generation facility near the Athi River in Nairobi launched commercial operation in 2014 with electricity supply fueled by heavy fuel oil (HFO) and light fuel oil (LFO). Gulf Power has a 20-year power purchase agreement (“PPA”) to sell electricity and generating capacity to Kenya Power & Light, Kenya’s national transmission and distribution company. Everstrong became an investor in December 2018.
