Everstrong Capital Reaffirms Commitment to $3.2B Usahihi Expressway After PPP Appeal  Decision

Nairobi,Kenya-29 April 2026

1. EXECUTIVE SUMMARY

US-owned Everstrong Capital Kenya Limited has publicly expressed disappointment following a ruling by Kenya’s Public Private Partnerships Petitions Committee, which declined to uphold its petition regarding the evaluation of the feasibility report for the Usahihi Nairobi–Mombasa Expressway Project.

Despite the setback, Everstrong maintains strong commitment to:

Delivering the USD 3.2 billion privately financed expressway

Engaging constructively with the Government of Kenya

Exploring legal redress, including possible escalation to the High Court of Kenya

 

2. BACKGROUND: THE USAHIHI EXPRESSWAY PROJECT

The Usahihi Expressway is a flagship infrastructure project under Kenya’s Public Private Partnerships Directorate Kenya framework.

Core Project Features

Route: Nairobi–Mombasa Corridor

Design: 4–6 lane expressway

Model: Privately financed PPP (no sovereign debt exposure)

Implementing Authority: Kenya National Highways Authority

Development Basis:

1.Approved Privately Initiated Investment Proposal (PIIP)

2.Project Development Agreement (PDA)

3.Consortium Composition

A multi-national consortium including firms from:

1.Kenya

2.United States

3.Italy

4.Turkey

5.South Africa

6.Egypt

7.Netherlands

8.Spain

 

Anchored by:

Trans Africa Concessions

Arab Contractors

 

 

3. THE LEGAL & PROCEDURAL DISPUTE

Everstrong challenged the evaluation of its feasibility study, raising concerns about:

 

Key Issues Raised

1.Questions of legal interpretation

2.Alleged procedural inconsistencies

3.Concerns over investor treatment fairness

 

Outcome

1.Petition dismissed by the PPP Petitions Committee

Leaves regulatory ambiguity unresolved

 

Next Steps

1.Possible escalation to the High Court of Kenya

 

2.Continued engagement with state institutions

 

3. FINANCING STRUCTURE & INVESTMENT SIGNALS

 

Financial Highlights

Total Project Value: USD 3.2 Billion

 

Financing Model:

Private equity + project debt

No direct government fiscal exposure

 

Funding Sources:

Local and international financial institutions

Investor Confidence Indicators

Tens of millions USD already invested in project development

Evidence of committed financing presented during evaluation

Structured as a bankable PPP project

Strategic Alignment

 

The project aligns with:

1.Kenya’s infrastructure financing strategy

2.Objectives of the National Infrastructure Fund

3.Global PPP best practices (risk allocation, private capital mobilization)

 

 

5. ECONOMIC & SOCIAL IMPACT PROJECTIONS

 

Projected Benefits

*50,000+ jobs (construction + operations)

*Reduced travel time between Nairobi & Mombasa

*Lower vehicle operating costs

*Improved road safety standards

Enhanced trade logistics

 

 

Community Impact

*Local content participation

*Skills transfer programs

*County-level economic inclusion

 

Investments in:

*Road safety

*Local access infrastructure

*Community services

 

 

6. STRATEGIC IMPORTANCE: REGIONAL & GLOBAL CONTEXT

The Nairobi–Mombasa corridor is:

-Kenya’s primary trade artery

A gateway to East and Central Africa via Port of Mombasa

 

-Regional Impact

Strengthens Kenya as a logistics hub

 

-Enhances intra-African trade under AfCFTA

 

-Improves cargo efficiency for landlocked countries

Global Signal

 

The case is being closely monitored by:

-International investors

-Infrastructure funds

-Development finance institutions

 

 

Kenya is viewed as:

*A benchmark PPP market in Sub-Saharan Africa

 

 

7. POLICY & INVESTMENT RISKS IDENTIFIED

Everstrong highlights a critical issue:

 

-Regulatory Uncertainty

Delays in decision-making

Ambiguity in PPP evaluation processes

 

-Economic Consequences

 

-Increased transaction costs

 

-Higher financing risk premiums

 

-Delayed infrastructure delivery

 

 

K254 MEDIA INSIGHT

This case underscores a systemic PPP challenge in Africa:

1.The balance between regulatory oversight and investor confidence

 

 

8. EVERSTRONG CAPITAL PROFILE

Company Overview

Founded: 2015

Type: Infrastructure Investment Manager

 

Regions: US & Africa

 

Key Investments:

*Stake in Athi River Power Project

 *Founding sponsor of Milele Energy

*25% stake in Lake Turkana Wind Project

*Fund Vehicle- Everstrong Kenya Infrastructure Fund (EKIF)

 

 

Focus sectors:

1.Energy

2.Transport

3.Water

4.Communications

5.Social infrastructure

 

 

9. K254 STRATEGIC ANALYSIS (CRITICAL TAKEAWAYS)

1. PPP Framework Stress-Test

This dispute is a live test case for Kenya’s PPP ecosystem credibility.

2. Private Capital vs Regulatory Certainty

Capital is available

Risk lies in process predictability

 

3. Geopolitical Layer

Strong U.S.–Kenya infrastructure cooperation signal

Multi-country consortium = diversified geopolitical backing

 

4. Opportunity for Reform

Kenya can:

Strengthen PPP dispute resolution mechanisms

Improve investor clarity frameworks

Fast-track strategic infrastructure

 

 

10. K254 MEDIA CALL TO ACTION

 

For Government:

1.Enhance transparency in PPP evaluation

2.Reduce procedural delays

3.Protect investor confidence

 

For Investors

1.Conduct deep regulatory due diligence

2.Structure projects with legal contingency pathways

 

 

About K254 Media Africa: Your PPP Advocacy Partner

1.We are a PPP communications & advisory platform

 

2. We Provide media advocacy for infrastructure transparency

 

3. We Bridge government–investor communication gaps

 

 

11. CONCLUSION

Despite the procedural setback, Everstrong Capital’s continued commitment signals:

 

1.Strong belief in Kenya’s infrastructure market

 

2.Availability of large-scale private capital

 

3.Urgent need for regulatory clarity and institutional efficiency

 

4. The Usahihi Expressway is not just a road project—it is:

 

"A defining moment for Kenya’s PPP credibility, investor confidence, and infrastructure future."

 

Compiled by:

Muhoro Pius W.

Business,Energy,Climate,Mining,PPP, AFCFTA,Diplomacy,Security and International Trade Editor

 

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