US Ambassador to Kenya Meg Whitman has announced six new Prosper Africa co-investments with Kenyan and American apparel firms valued at $55 million (Sh7.5 billion).

The deals were unveiled on Wednesday by US Government’s Prosper Africa initiative and US Embassy in Nairobi when they convened leading businesses and investors in New York City.

The New York investment summit was also attended by a delegation of government officials from Kenya marking the kick-off of the 2023 US-Kenya Business Roadshow.

Key participants in the summit included Equity Bank, NBA, Mastercard, Copia Global, The Children’s Place and PVH, which leads key clothing brands like Calvin Klein and Tommy Hilfiger.

US-Africa Summit

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These new co-investments pick up from the 14 deals announced by President William Ruto during the American Chamber of Commerce Summit (AMCHAM) in Nairobi in March.


Whitman says the particular 20 co-investments, which are backed by Prosper Africa and USAID, show the pledge by the US to strengthen its economic partnership with Kenya.

“The US-Kenya partnership is strong, built on sixty years of shared values and interests. Our partnership has enhanced security, increased prosperity, and improved the lives of Kenyans and Americans,” said Ambassador Whitman.

The six new co-investments with US and Kenyan apparel companies will link Kenyan manufacturers with American buyers and create more jobs in Kenya and across the US.


The six American firms in the co-investments are;

• MAS Intimates: will create jobs in the formal sector and provide training for Kenyan workers to increase production of high-quality Kenyan made apparel.

• UAL: will increase apparel exports to the U.S. market by building a one-stop shop in Kenya that harmonizes all steps in the production process from “Farm to Fashion.”

• Mega: will expand the company’s production capacity by adding new production lines.

• Coast Apparel: will purchase machinery to increase production and export capacity, creating new jobs for women and youth.

• Best Lifestyle: will hire and train new employees by expanding its manufacturing in Kenya.

• NexGen will set up a factory in Kenya to manufacture tags and labels, branding products in apparel and footwear for sale within and outside Africa.

"Prosper Africa is proud to connect US buyers with African suppliers and drive U.S. investment into Kenya and countries across Africa,” said Prosper Africa Acting Coordinator Scott Cameron. “Together, we are creating jobs and fostering shared prosperity on both sides of the Atlantic.”

About Prosper Africa

Prosper Africa is the White House initiative to increase bilateral trade and investment opportunities between the US and countries in Africa.


Through Prosper Africa, the US Government is partnering with businesses and investors to advance deals, promote market opportunities and strengthen business and investment climates.