Africa Logistics Properties gets CMA nod for dollar-denominated REIT
NAIROBI, Kenya, Dec 15 - Africa Logistics Properties Holdings Limited (ALPH) has received regulatory approval to launch a US dollar-denominated Real Kenya breaking news | Kenya news today |..
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Africa Logistics Properties Holdings Limited (ALPH) has received approval from the Capital Markets Authority (CMA) to launch the ALP Industrial Real Estate Investment Trust (ALP REIT), the first US dollar-denominated issuance on the Nairobi Securities Exchange (NSE) and East Africa's first industrial REIT.
- The ALP REIT will be an Income REIT (I-REIT), distributing at least 80 percent of its distributable income.
- Up to 45 million units will be issued at $1 per unit, including a Restricted Offer of up to 30 million units.
- The Restricted Offer will open on December 17, 2025, with trading on the NSE expected to begin on March 11, 2026.
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Kenya Greenlights Dollar-Denominated REITs and a Tokenized Lending Platform - December 2025
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.
