Spearhead Africa Infrastructure Fund lists on Nairobi exchange
SAIF will invest in a diversified portfolio of senior debt across private-sector-led infrastructure projects in East Africa.
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Spearhead Africa Asset Management yesterday listed the Spearhead Africa Infrastructure Fund (SAIF) on the Nairobi Securities Exchange (NSE). SAIF is the first infrastructure fund to list on the NSE.
SAIF’s initial public offer raised KES 3.4 billion (about $26 million) from a broad range of investors. It was anchored by the CPF Group and the UK Government’s Foreign, Commonwealth & Development Office (FCDO), through its MOBILIST programme.
SAIF will invest in a diversified portfolio of senior debt across private-sector-led infrastructure projects in East Africa. It has an immediate pipeline of projects in renewable energy, digital infrastructure, logistics and electrification.
Ngatia Kirungie, managing director and CEO of Spearhead Africa Asset Management, remarked: “SAIF is designed to democratise access to the infrastructure asset class for all investors and demonstrates that local currency infrastructure finance can be delivered at scale, in a structure that meets both investor expectations and project owners’ requirements. The strong participation of domestic and international institutional investors and support from our regulators underscore the credibility of SAIF’s structure and strategy and signal a broader evolution in African capital markets, where fast-growing pools of domestic capital can be channelled into productive investments that foster sustainable economic growth for all.”
Frank Mwiti, CEO of the Nairobi Securities Exchange, added: “This listing represents a significant milestone in the continued deepening and diversification of Kenya’s capital markets. It is fully aligned with the NSE’s core mandate of providing world-class investment instruments that facilitate efficient capital deployment, while also advancing the strategic listing targets set out in the NSE 2025–2029 Strategy. SAIF demonstrates how the NSE serves as a powerful platform for mobilising long-term domestic capital toward the country’s critical infrastructure financing needs, while offering investors enhanced transparency, liquidity, and access to innovative investment opportunities.”
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