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Customer deposit book also grew 43 per cent from Sh4.2 billion in September 2017 to close at Sh5.9 billion in September 2018/FILE

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Fanisi Capital Fund II seeks to raise Sh10bn

Fanisi Capital Fund II, which is a close-ended 10 year growth fund, is targeting to raise up to Sh4 billion  locally, with the rest coming from international investors/FILE

Fanisi Capital Fund II, which is a close-ended 10 year growth fund, is targeting to raise up to Sh4 billion locally, with the rest coming from international investors/FILE

NAIROBI, Kenya, Oct 12 – Fanisi Capital has launched its second fund, Fanisi Capital Fund II with a target of between Sh7.5 billion and Sh10 billion.

Fanisi Capital Fund II, which is a close-ended 10 year growth fund, is targeting to raise up to Sh4 billion locally, with the rest coming from international investors.

The proceeds from Fanisi Capital Fund II will be used in high growth sectors such as healthcare, agri-business, retail (fast moving consumer goods) and education.

The Private Equity firm will mainly invest the funds in Kenya, Rwanda, Tanzania and Uganda.

Fanisi Capital Fund II set to close by the end of the year comes on the back of a successful Fund I, which raised Sh5 billion.

“Fanisi Fund II will essentially build on the success of Fund I, allowing us to positively impact even more African businesses and help drive the regional economy forward,” said Fanisi Capital Managing Partner Tony Wainaina.

Fund I was fully invested in 2015 in various businesses, including Haltons Pharmacy, Kijenge Animal Products in Arusha, Tanzania, ProDev/Minimex Group in Rwanda and European Foods Africa Ltd (EFAL) among other investments in the region.

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