By Macharia Kamau

A UK-based private equity fund has expressed interest in investing in the proposed Konza technology city and the port of Lamu.

The DVK group said while it is yet to make a concrete decision on the nature and size of investments in the two mega projects being undertaken in the public private partnership arrangement, it deemed them as viable with potential to give good returns.

The group said it has a Sh18 billion ($200,000) annual kitty that is dedicated to investments in Africa, mostly in agriculture, infrastructure and low cost real estate projects.

The African kitty is administered from by its South African office.

“We have a great interest in Konza and we are planning further talks with the information ministry and even a visit to the actual place where the city will be built as we look into the details… the Lamu Port would also be exciting for us,” said Deepak Kuntawala chairman DVK Group, who led members of his firm to a fact finding mission in Kenya this week.

A number of local and foreign investors have expressed interest in the planned technology city, which is being marketed as among the first smart to be put in Africa.

The information and Communication ministry plans a ground breaking ceremony for the construction of the city early next year and the first phase is expected to be complete by 2015.

Kuntawala said the company would also be evaluating other opportunities.

The company is also considering setting up a Kenya office that will be in charge of East and Central Africa.