Africa's Sovereign Development Trust® Terminates Project Kinga Kansa Engagement With Cause

NAIROBI, Kenya - March 19, 2026 - PRLog -- Africa's Sovereign Development Trust® (ASDT) provides formal notice of the termination with cause of all advisory and development finance responsibilities for Project Kinga Kansa. This determination follows the material non performance by Steplabs Technical Services Limited under binding instruments executed in November and December 2025.

Following a forensic audit via the OmniGaza® compliance platform the Board of Trustees identified terminal documentation gaps and a foundational misrepresentation of sponsor financial capacity. Steplabs claimed an equity capacity of EUR 225M while producing evidence for less than one per cent of that value. Critical financial and risk analysis sections required for Development Finance Institution syndication remained absent throughout the engagement.

The Trust maintains board approval for cancer related grants strictly contingent upon projects meeting a mandatory International Finance Corporation standard from the outset. Project Kinga Kansa failed this threshold. Leadership bandwidth is now dedicated to the established suite of board approved projects for 2025 to 2035. This portfolio focuses on high buy in infrastructure and mining mandates in Burundi, the Democratic Republic of Congo and Nigeria where institutional alignment is fully realised.

"This notice represents a commitment to precision: a form of respect for the Council of Governors whose institutional conduct has been exemplary. Africa Sovereign Development Trust® does not chase tickets. It sets standards and works with those who can meet them. The Directive delivered to Steplabs without charge is a measure of what we bring to every partnership at every scale. That depth of commitment was not met in kind. Africa's sovereign wealth demands architectures equal to it. We will build those architectures with partners who can carry them." David Okiki Amayo Jr. Founder and Chairman. LinkedIn profile at www.linkedin.com/in/davidokikiamayojr

Precision in documentation is a form of respect for our global capital partners and the communities we serve. The Trust has informed its international networks of this decision to ensure the continued integrity of its investment pipeline. Africa Sovereign Development Trust® remains a supporter of equitable health infrastructure and stands ready to engage with qualified partners who possess mature, investment-ready assets.

Full statement available at https://www.thendegegroup.com/newsroom/press-release/project-kinga-kansa-termination

About ASDT

Africa's Sovereign Development Trust® (ASDT®) is a Purpose Trust and continental institutional platform headquartered in Nairobi, Kenya. Its institutional architecture is anchored in the African Federation Treaty Framework© (AFTF©), a published and globally indexed blueprint for continental economic and defence integration, and the Central Bank of Africa℠, advancing under AFTF© as the framework for continental monetary sovereignty.

ASDT is in its fourth foundational year.