Publicly listed Kenyan investment firm Centum is looking for cross-border acquisitions in its bid to enter new markets across Africa.
The company is eyeing Anglophone East and West African countries including Uganda, Tanzania, Ghana and Nigeria.
Chief executive James Mworia said the company would be seeking to expand its operations into new territories through joint ventures.
Centum is expected to invest $37 million in Akiira One Geothermal, the first private sector greenfield geothermal private development in sub-Saharan Africa.
Centum is also part of a consortium prospecting for geothermal energy with plans to add 70 MW of clean energy to the national grid in the first phase of the planned total of 140 MW.