Kenya's first dollar-denominated green property fund, TRIFIC Green USD I-REIT, has been oversubscribed by 3%, attracting significant investor interest amid a weakening shilling and the search for hard-currency returns.

• The offer raised Sh4 billion ($30,815,000), exceeding the initial subscription target of Sh3.9 billion ($29,832,000).
• The fund is promoted by TRIFIC, a subsidiary of Centum Investment Company, and will list on the Nairobi Securities Exchange on June 29.
• TRIFIC CEO Brenda Mbathi described the success as "a strong endorsement of the quality of the underlying assets and the resilience of our business structure," highlighting the fund's alignment of "sustainable infrastructure development with stable income generation." The fund is backed by the green-certified TRIFIC North Tower and aims to pay investors an annual return of approximately 8% in dollars.