Construction of Talanta Sports City in the Kenyan capital Nairobi is set to accelerate after funding for the project was raised on the Nairobi Securities Exchange (NSE).
The Kenya Times said a security listing raised Ksh44.791 billion ($346 million), which will directly fund the development of the 60,000-seater Talanta Sports City Stadium in Kenya.
Talanta Sports Stadium, also Talanta Sports City is a sports stadium under construction, in the city of Nairobi.
It is intended to be used during the 2027 Africa Cup of Nations soccer tournament. The stadium is one of the stadia that Kenya plans to use during the tournament that will be jointly hosted by Tanzania, Uganda and Kenya.
The 2027 Africa Cup of Nations, also referred to as AFCON 2027 or CAN 2027, is scheduled to be the 36th edition of the biennial African football tournament organized by the Confederation of African Football (CAF).
It will be hosted by Kenya, Tanzania and Uganda from June 19th-July 18th, 2027. For the first time, the tournament will take place in three countries.
Speaking during a ceremony at the Securities Exchange, Kenya’s President William Ruto described the listing and fund raising as a “compelling example of how financial markets can accelerate national transformation.”
He praised the NSE, Linzi FinCo Trust and LIAISON Group partners for their role in structuring a creative financing solution that connects public infrastructure goals with private market participation.
President Ruto said, “The Talanta Sports City marks Kenya’s first large-scale, purpose-built international stadium project in more than 40 years.
“The last comparable undertaking was the construction of Moi International Sports Centre, Kasarani, completed in 1987 ahead of the All-Africa Games. Since then, Kenya has relied on ageing infrastructure, with no new international-standard stadium built from the ground up until now.
“With a 60,000-seater capacity, Talanta Sports City is not merely filling that long-standing gap; it is redefining the nation’s sporting landscape. This modern, world-class complex is designed to host global tournaments, foster local talent, and restore Kenya’s reputation as a sporting powerhouse.”
President Ruto led the ground-breaking for the proposed 60,000-seater stadium on March 1, 2024, with the construction expected to end between December 2025 and March 2026.
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