Capital Markets Authority

Britam launches two special funds to widen global investment access

Britam launches two special funds to widen global investment access

3 min read

Britam Asset Managers has launched two special funds in Nairobi following regulatory approval to give local investors access to global equities and mixed asset portfolios.

The company announced the launch on 8 Oct 2026 after the Capital Markets Authority approved both funds in August.

The launch expands investment choices for Kenyan investors seeking long-term growth and diversification beyond local markets.

“These funds are the next step in widening the choices available to investors as their needs and ambitions evolve,” said Britam Asset Managers Chief Executive Officer Barack Obatsa.

The products are the Britam Enhanced Global Equities Special Fund and the Britam Multi Asset Special Fund.

Britam said both funds target investors seeking long-term growth through a broader range of local and international investment opportunities.

The global equities fund gives investors access to international companies across several industries rather than restricting their investments to the local market.

Britam said its areas of focus include technology and artificial intelligence, healthcare and life sciences, energy and the digital economy.

The multi-asset fund combines local and global investments within one portfolio.

Its investment mix includes equities, fixed income and commodities according to Britam.

The distinction gives investors a choice between a global equities-focused product and a portfolio that spreads investments across different asset classes.

Britam said the new products extend an offering previously built around accessible local investments.

Obatsa said the wider investment choices would be backed by the company’s research and risk management.

Britam Group Managing Director and CEO Tom Gitogo said Africans already participate in the global economy as consumers and businesses.

Gitogo said they should also have opportunities to own stakes in the companies driving that economy and participate in their growth.

The launch comes during expansion in Kenya’s collective investment scheme industry.

Assets reached Ksh948.7 billion in June according to CMA figures cited in the release.

That represented growth of 59.1 per cent from a year earlier.

Britam said it manages more than Ksh300 billion and ranks among Kenya’s five largest asset managers.

The company also said it leads the fixed income category after managing more than Ksh55 billion in assets as of July.

The announcement did not provide minimum investment amounts or fee details for either fund.

Britam Holdings Plc is a diversified financial services group listed on the Nairobi Securities Exchange.

The group operates in Kenya, Uganda, Tanzania and Rwanda.

It also operates in South Sudan, Mozambique and Malawi.

Its services include life and general insurance, health insurance and retirement planning.

The group also offers trust services, asset management, banking and property services.

Britam Asset Managers has launched two CMA-approved special funds offering local investors access to global equities and mixed asset portfolios. The launch comes as Kenya’s collective investment scheme assets reached Ksh948.7 billion in June.

Britam Asset Managers plans two special funds after CMA approval

Britam Asset Managers plans two special funds after CMA approval

3 min read

Britam Asset Managers plans to launch two special funds at Britam Towers on 8 Oct 2026 following approval by the Capital Markets Authority.

The company’s media invitation said the funds would expand its investment offering as Kenyan investors seek more choice and diversification.

The invitation said investors were seeking “access to opportunities beyond traditional markets” but did not identify the assets the funds would target.

The planned launch matters to Kenya’s investment market because Britam intends to broaden the choices available to local investors.

The invitation said the Capital Markets Authority had recently approved the two funds.

It did not give the approval date.

The funds remain unnamed in the invitation.

It also provided no details of their investment strategies ahead of the launch.

The event will take place at the Parking Silo on the 12th floor of Britam Towers in Upperhill.

The invitation gives the launch time as 8.30am to 10.30am and addresses business editors and reporters.

Britam Holdings Plc Group Managing Director and CEO Tom Gitogo is among the executives listed to attend.

The invitation also lists Nairobi Securities Exchange Plc CEO Frank Mwiti and Britam Asset Managers CEO Barack Obatsa.

Other members of Britam Holdings Plc’s senior leadership are expected to attend according to the invitation.

The document does not specify speaking roles for the named executives.

It includes no comments attributed to them.

Britam links the expansion to investor demand for diversification but provides no figures showing the scale of that demand.

The invitation presents the funds as additional investment choices rather than giving a detailed account of how either product will operate.

It does not disclose minimum investment amounts or identify whether the funds will be available to retail investors or other investor groups.

The document also leaves fees and withdrawal terms unspecified.

Those details would help prospective investors compare the funds with other investments and assess whether the products match their needs.

The reference to opportunities beyond traditional markets does not establish whether the funds will invest in Kenya or elsewhere.

The invitation gives no allocation targets or performance objectives for either fund.

Investors therefore cannot assess the proposed portfolios or their risks from the launch notice alone.

The invitation does not say when subscriptions will open or whether that date will coincide with the launch.

Britam’s next announced milestone is the launch at Britam Towers on 8 Oct 2026.

Britam Asset Managers plans to launch two special funds on 8 Oct 2026 following Capital Markets Authority approval. The media invitation names senior Britam executives and Nairobi Securities Exchange CEO Frank Mwiti among those expected to attend.

Africa Logistics Properties names PIDG and MOBILIST as cornerstone investors in NSE-listed ALP REIT

Africa Logistics Properties names PIDG and MOBILIST as cornerstone investors in NSE-listed ALP REIT

4 min read

Africa Logistics Properties Holdings Limited (ALPH) has named the Private Infrastructure Development Group (PIDG) and the MOBILIST programme as strategic cornerstone investors in its ALP Industrial Real Estate Investment Trust (ALP REIT), which listed on the Nairobi Securities Exchange (NSE) on Wednesday, March 11, 2026.

In a statement issued in Nairobi, ALPH said the UK government committed USD 24 million (KES 3.14 billion) to the listing through PIDG and MOBILIST, with PIDG committing USD 15 million (about KES 1.97 billion) and MOBILIST investing USD 9 million (about KES 1.18 billion). The company said the announcement was made during a bell-ringing ceremony marking the official listing.

ALPH said the ALP REIT was approved by the Capital Markets Authority (CMA) and is the first industrial REIT in East Africa as well as the first USD-denominated security to list and trade on the NSE. The company said it raised USD 29.55 million (about KES 3.87 billion) through the REIT, while the total listing was valued at USD 39.95 million (about KES 5.23 billion). It added that the figure excludes USD 5 million (about KES 655 million) of PIDG’s overall commitment, which it said will be invested as the REIT scales.

The transaction adds a new listed product to Kenya’s capital markets at a time when regulators and market players have been seeking to broaden investment options beyond equities and government securities. ALPH said the anchor investments helped it attract additional investors, including local and regional institutional investors.

Raghav Gandhi, Chief Executive Officer of ALPH, linked the listing to broader capital markets development and industrial investment. “This milestone underscores Kenya’s growing capital markets maturity and the increasing attractiveness of industrial real estate as a sustainable investment class. The participation of PIDG and MOBILIST demonstrates strong international confidence in Kenya,” Gandhi said.

PIDG said it is investing through its project development solution, InfraCo. Claire Jarratt, PIDG Head of Investment Management for InfraCo, said PIDG had previously supported the use of REIT structures in Nairobi and is extending that approach to industrial property. “Having anchored the establishment of REITs for affordable housing in Nairobi, PIDG is familiar with the REIT structure, and we know that it works to mobilise vital new sources of capital for economic development,” Jarratt said.

Ross Ferguson, Programme Lead for MOBILIST within the Foreign, Commonwealth, and Development Office (FCDO), said the approach aims to support new types of listed products. “In Kenya, creating listed products that domestic pension funds can invest in is essential to reducing their over-reliance on government debt and directing long-term capital to the businesses that drive growth,” Ferguson said.

NSE Chief Executive Officer Frank Mwiti said the listing brings a new asset class to the exchange. “The debut of the dollar-denominated Industrial I-REIT is a historic milestone for our market,” Mwiti said, adding that the product offers investors access to the industrial logistics sector.

ALPH said it has developed two industrial parks in Kenya since 2016: ALP North in Tatu City with 50,000 square metres and ALP West in Tilisi with 20,000 square metres. The company said the facilities include large-format warehouses and are built to IFC EDGE Advanced green building standards.

Looking ahead, ALPH said it is developing ALP West Kivu, a 10,500-square-metre project it expects to complete in Q3 2026. Market observers will watch how trading and investor participation evolves for the dollar-denominated REIT on the NSE, as well as whether the listing encourages additional real estate and infrastructure-linked products to come to Kenya’s public markets.

Africa Logistics Properties Holdings Limited has announced USD 24 million (about KES 3.14 billion) in UK government-backed cornerstone investments in its ALP Industrial REIT, which listed on the Nairobi Securities Exchange on March 11, 2026. The listing, approved by the Capital Markets Authority, is the first industrial REIT in East Africa and the first USD-denominated security to trade on the NSE, according to the company.