Lionel Kruger & Associates (LKA) is an independent advisory firm specialising in financing strategy, treasury advisory and financial risk management for infrastructure, energy and capital-intensive industries.

Founded by Lionel Kruger, LKA brings more than 30 years of international experience advising sponsors, lenders and corporates on complex financing and hedging transactions across Europe, Africa and the Middle East.

Our work spans the full investment lifecycle—from project development and financial close through construction, operations, refinancing and portfolio optimisation. We combine strategic commercial advice with deep technical expertise in debt structuring, interest rate, foreign exchange and commodity risk management.



LKA is recognised for providing independent, practical advice that helps clients make informed financial decisions while preserving flexibility and long-term value.