NAIROBI, Kenya, Mar 9 – The Capital Markets Authority Kenya (CMA) has signed a Memorandum of Understanding (MoU) with Afri Fund Capital to promote the use of capital market products to finance major infrastructure projects in Kenya.
The partnership aims to mobilize private capital for development initiatives, including projects within the Lamu Port-South Sudan-Ethiopia Transport Corridor (LAPSSET).
Afri Fund Capital, an infrastructure investment and project development firm, is working to structure and deploy private investments into sectors such as infrastructure, power generation, logistics, industrial development and projects linked to Special Economic Zones.
The investments are expected to support development along the LAPSSET corridor and unlock economic potential in Northern Kenya.
Under the agreement, CMA and Afri Fund Capital will collaborate on identifying and prioritizing capital market instruments that can support infrastructure financing, including green and ESG-labelled investment products and collective investment vehicles.
The MoU will also support early-stage product development while ensuring investor protection, proper disclosure, governance standards and eligibility requirements.
Wyckliffe Shamiah, Chief Executive Officer of the Capital Markets Authority, said the collaboration comes at a time when the capital markets sector is increasingly being positioned to mobilize private capital for strategic infrastructure projects.
Afri Fund Capital CEO Martin Ngunga said the firm’s funding model focuses on expanding investor participation through innovative financial instruments suited to long-term infrastructure investments.
