Connect with us

Hi, what are you looking for?

DVK Group Chairman Deepak Kuntawala


UK fund makes Sh16b accessible to Kenyan firms

DVK Group Chairman Deepak Kuntawala

NAIROBI, Kenya, Dec 15 – Kenyan public and private sector enterprises will soon be in a position to access more than Sh16 billion private equity funds from the London based DVK Group Africa investment fund.

Local enterprises including Murang’a County based MURATA Sacco and Konza Technology City will be able to draw the funds from DVK Group’s Emerging Markets and Agro development investment vehicles valued at Sh8.7 billion ($100 million) each.

Speaking during a media conference following a three-day tour of Kenya, DVK Group Chairman Deepak Kuntawala confirmed that his delegation had managed to hold successful exploratory talks with a number of leading Kenyan public and private sector players.

“Kenya is strategically placed to evolve into a very key sub-Sahara Africa hub and DVK Group is committed to play a facilitative role,” Kuntawala said.

Flanked by former British Trade and Industry Minister and House of Commons Deputy Leader Dr Nigel Griffiths and DVK Group’s Africa Fund Advisor Cllr Marianne Alapini, the DVK Group Boss confirmed his firm’s attraction to MURATA Sacco’s operations model.

The business model presented by MURATA Sacco, Kuntawala explained, fits squarely into the DVK Group’s Agro Funding focus.

Such Agro based enterprises have previously been constrained on financing options to fund their expansion programs but will now access DVK Group’s customized short and long term investment options.

“On the other hand, we also very interested in sealing a public private partnership to make the Konza Technology City Master Plan a reality,” Kuntawala said.

Undeterred by the prevailing economic climate, the senior executives from Britain’s DVK Group have been in the country since Monday engaging in a series of high level exploratory meetings with top government officials as the organisations sets its eyes on Kenyan and surrounding countries opportunities.

During the visit, the DVK Group delegation managed to hold exploratory meetings with leading private sector and business leaders alongside key players in the local Information Communication Technologies (ICT); agricultural sectors.

Advertisement. Scroll to continue reading.

Among others, the group managed to meet with top executives drawn from Equity Bank Group, Co-op Bank Group, Fresh Produce and Exporters Association of Kenya, MURATA Sacco and government officials.

With trading interests spread across China, South Africa, Ghana, Switzerland and the United Arab Emirates, the DVK Group is boutique finance house focused on private equity, structured trade and commodity finance products, commodity trading, international hedge funds, among other specialist finance solutions.

In Kenya, the DVK Group is setting its sights on public private partnership styled investment opportunities focusing on Vision 2030 pillar delivery projects.

During the four-day tour of Kenya, the DVK Group delegation also sought to identify suitable partners and stakeholders as part of its bid to set up an operations hub in East Africa.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...