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NCBA Backs Landmark SAIF Listing at NSE
NCBA Bank has strengthened its position as a leading trustee services provider after supporting the successful listing of the Spearhead Africa Infrastructure Fund (SAIF) on the Unquoted Securities Platform of the Nairobi Securities Exchange.
The listing marks a major milestone for Kenya’s capital markets. Additionally, it introduces the country’s first listed infrastructure debt fund focused on financing critical development projects across East Africa.
SAIF successfully raised KSh3.4 billion. The fund will support long-term investments in renewable energy, telecommunications, digital infrastructure, electrification, and green transport and logistics.
NCBA Strengthens Trustee Services Leadership
NCBA Bank acted as Trustee to the fund. Consequently, the transaction reinforced the bank’s growing role in enabling innovative investment structures and sustainable financing solutions.
The fund was managed by Spearhead Africa Asset Management, while KCB Bank served as custodian.
Anchor investors included CPF Group and the UK government’s Foreign, Commonwealth & Development Office through the MOBILIST Programme.
Importantly, the fund creates a new tradable infrastructure-focused asset class within Kenya’s financial market ecosystem.
Unlocking Long-Term Infrastructure Financing
SAIF aims to unlock long-term local currency funding for private-sector infrastructure projects. As a result, it helps reduce the foreign exchange risks commonly associated with dollar-denominated infrastructure debt.
The fund also opens infrastructure investment opportunities to both retail and institutional investors. Investors can participate with a minimum investment of KSh100,000.
Furthermore, the listing gives Kenya’s pension sector a regulated and liquid vehicle for investing in real-economy infrastructure projects. Kenya’s pension industry currently manages more than KSh2.8 trillion in assets.
Industry players say the move could accelerate financing for sectors that remain critical to economic growth and regional competitiveness.
NCBA Backs Landmark SAIF Listing at NSE
Expanding Capital Markets Innovation
The listing highlights growing innovation within Kenya’s capital markets industry. Moreover, it demonstrates how strategic partnerships between financial institutions, fund managers, and investors can support sustainable economic development.
NCBA says its role in the transaction reflects its commitment to supporting transformative investment opportunities across the region.
The bank continues to position itself as a trusted financial partner in trustee services, structured finance, and sustainable infrastructure development.
Ultimately, the successful SAIF listing signals a new chapter for infrastructure financing in Kenya while deepening investor participation in long-term development projects.
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