Meta plans equity raise of up to KSh 12.35T for AI infrastructureMeta plans equity raiseof up to KSh 12.35T forAI infrastructure
Key Highlights
- Meta Platforms said on 26 October it plans to raise as much as KSh 12.35 trillion through stock offerings for AI infrastructure.
- The package includes about KSh 4.55 trillion in public offerings and a further at-the-market programme of up to KSh 7.8 trillion.
- Chipmakers have expressed interest in buying a portion of the Class A shares on offer.
Meta Platforms announced on 26 October 2026 that it intends to raise as much as KSh 12.35 trillion ($95 billion) in equity to fund its artificial-intelligence infrastructure expansion, according to a Reuters report of the company's filing.
The Facebook parent has launched public offerings worth about KSh 4.55 trillion ($35 billion) in common stock and depositary shares representing preferred stock. It also plans a separate at-the-market share-sale programme of up to KSh 7.8 trillion ($60 billion) once its new non-voting Class C shares begin trading, expected in the first quarter of 2027.
Capital expenditure and cash position
Meta has raised the lower end of its 2026 capital-expenditure forecast to a range of KSh 17.55 trillion to KSh 18.85 trillion ($135 billion to $145 billion). As of 30 September the company held KSh 10.72 trillion ($82.45 billion) in cash, cash equivalents and marketable securities against long-term debt of KSh 10.52 trillion ($80.92 billion).
Nvidia, AMD and Broadcom have expressed interest in buying up to KSh 650 billion ($5 billion) of the Class A common stock in the offering.
Context for African markets
The raise arrives on the same day Anthropic filed its S-1, reinforcing the scale of capital still flowing into AI infrastructure. For African companies that already rely on Meta's platforms or on the broader cloud and chip supply chain, the announcement signals continued heavy investment rather than any near-term pullback in capacity.
Related Mwenendo coverage: Anthropic files for Nasdaq IPO with KSh 2.12T first-half revenue.
In Summary
- How much does Meta plan to raise?
- Up to KSh 12.35 trillion ($95 billion) through equity offerings for AI infrastructure.
- When was the announcement made?
- 26 October 2026.
- Why does it matter for African readers?
- It confirms the ongoing capital intensity of AI infrastructure that underpins tools and platforms already used across African markets.