Business & Economy3 stories
Africa Logistics Properties Holdings Limited (ALPH) has received approval from the Capital Markets Authority (CMA) to launch the ALP Industrial Real Estate Investment Trust (REIT), the first US dollar-denominated issuance on the Nairobi Securities Exchange. Similarly, Two Rivers International Finance and Innovation Centre (TRIFIC) plans to launch Kenya's first Green, USD-denominated Income REIT, aiming to raise Sh5 billion. This I-REIT is intended to fund environmentally sustainable commercial towers within its Special Economic Zone. In a separate financial innovation, digital lender Tala partnered with Huma Finance to launch a tokenized consumer lending platform. This initiative uses a $50 million USDC credit facility built on the Solana blockchain to expand financial access in emerging markets.
