Afri Fund Capital to Raise Sh777 Billion for LAPSSET Infrastructure Mega-Project

Afri Fund Capital is moving to bridge the funding gap for the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Corridor, a multi-modal infrastructure project critical to East Africa's regional integration. The firm intends to raise Sh777 billion by issuing debt instruments that will be cross-listed on the Nairobi Securities Exchange (NSE), the London Stock Exchange (LSE), and a third major international bourse, likely in the Middle East or Asia. The funds are earmarked for the completion of key components of the corridor, including high-capacity road networks, the standard gauge railway (SGR) link to Ethiopia and South Sudan, and specialized processing zones at the Port of Lamu. By cross-listing the debt, Afri Fund Capital aims to tap into deep pools of international institutional capital while providing a high-yield, liquid asset class for domestic pension funds and retail investors in Kenya. This "blended finance" model is seen as a strategic alternative to traditional sovereign borrowing, shifting the burden of infrastructure development from the national balance sheet to private-sector-led special purpose vehicles (SPVs). Why this matters For the Kenyan economy, the successful raising of Sh777 billion would revitalize a project that has often been slowed by fiscal constraints. Completing the LAPSSET corridor transforms Lamu into a global maritime hub, directly challenging the traditional dominance of the Port of Mombasa and opening up the "Northern Frontier" for industrialization. Furthermore, the cross-listing strategy boosts the NSE’s global profile, demonstrating that Kenyan-led financial vehicles can structure complex, multi-billion-dollar deals that attract world-class investors. Opportunity sector Infrastructure Engineering: Massive demand for contractors in heavy civil works, railway engineering, and port terminal management. Special Economic Zones (SEZs): High potential for industrial firms to set up manufacturing hubs in Lamu to take advantage of zero-tariff exports to China and the EU. Trade Finance & Logistics: New opportunities for banks and logistics firms to facilitate cross-border trade between Kenya, Ethiopia, and South Sudan. Financial Services: Growth in advisory, legal, and brokerage services required to manage the cross-listed debt instruments and secondary market trading. Moto Seen Africa — Africa’s View, Seen Clearly. #AfriFundCapital #LAPSSET #InfrastructureFinance #NSE #LamuPort #EastAfricaTrade #MotoSeenAfrica #Vision100