More Opportunities As TRIFIC Opens Ksh 5bn Green, USD-Yield I-REIT

The Two Rivers International Finance and Innovation Centre (TRIFIC) Special Economic Zone has opened a Sh4.8 billion (USD 37.3 million) Green, USD-denominated Income Real Estate Investment Trust (I-REIT) to fund the acquisition of the TRIFIC North Tower and the development of other premium, environmentally sustainable commercial towers within its Special Economic Zone (SEZ).

The offer opens from today, May 13th and closes on June 12, 2026.

Present at the launch were the Centum Investment Company PLC Group CEO Dr James Mworia, the TRIFIC CEO, Brenda Mbathi, the Managing Director KCB Investment Bank Maurice Opiyo and NCBA Bank Kenya Managing Director, James Gossip.

The TRIFIC I-REIT will be one of Kenya’s first USD-denominated Green, income-distributing REIT, creating a new asset class for investors seeking stable dollar yields with measurable impact.

“This offer is unrestricted and therefore open to both institutional and retail investors, the I-REIT investors will effectively earn a stable share of the export revenues of a diversified portfolio of global service firms operating from TRIFIC, making this one of the most future-oriented, real-estate income products in the region,” said Ms Mbathi.

Allotment to successful investors will be made on June 15 2026, while results of the offer and processing of refunds will be made on the following day.

It will be listed on June 23 for trading on the Main Investment Market Segment of the Nairobi Securities Exchange (NSE).  “With the minimum subscription amount set at Sh129,000 ($1,000), this offer is within reach of most investors seeking a stake in Kenya’s real estate sector,” said the KCB Investment Bank Managing Director, Maurice Opiyo. KCB is the transaction advisor, sponsoring broker and lead placing agent for the offer.

Proceeds of the I-REIT will be invested exclusively into green-certified commercial towers built to international sustainability standards.

The tenants occupying TRIFIC facilities are mainly global service exporters including Business Process Outsourcing (BPO) firms, tech firms, shared services centres, and professional services companies who serve clients across the world and create high-quality, export-oriented jobs for Kenyan professionals.

Ms Mbathi noted that the long-term, dollar-based leases with guaranteed annual escalations, combined with TRIFIC’s embedded service-support model, create a reliable and growing income stream for investors.

Income REIT regulations under the Capital Markets Authority require distribution of at least 80% of net profits as tax-exempt dividends, further enhancing investor returns.

The North Tower, offering over 16,000 square metres of lettable area, is already 95% leased to multinational service-exporting firms. Planning for a second tower is underway in response to growing demand.

Located within Nairobi’s secure diplomatic blue zone, TRIFIC is the only private services-focused SEZ in Nairobi, offering world-class infrastructure, regulatory facilitation, and integrated business-support services.

TRIFIC occupies 64 acres within the 106-acre Two Rivers Development and has operated under its SEZ licence since June 2023.

It is designated as a Project of Strategic National Importance (PSNI) and is fully aligned with Kenya’s Vision 2030 Agenda.

Its growth supports national priorities including scaling traded services globally, attracting high-value foreign direct investment (FDI), generating high-quality jobs, and expanding green and sustainable urban development.

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