Kenyan private equity firm Fanisi Capital is to launch a $100m investment fund in 2014, targeting sub-Saharan Africa, Reuters has reported.
The firm’s second fund will look to expand its focus beyond East Africa, taking in countries including Democratic Republic of Congo, Ethiopia, Sudan, Zimbabwe and Zambia.
The firm closed its previous fund on $50m in 2010, with limited partners including development finance investors IFC, Norfund, Proparco, the Soros Economic Development Fund and Finfund.
Most recently Fanisi invested in Rwandan pharmaceutical wholesaler Sophar.
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