Fanisi Capital has acquired a minority stake in St Bakhita School for US$2.5-million. The school is well-established with 3 campuses and over 1,300 students. The school was founded in 2003, beginning with pre-school and expanded to other junior grade levels. The school has strong track-record in the Kenyan private education system.
Fanisi Capital is a US$50-million fund that deploys direct private equity and venture capital investments in the East African region. The firm was founded in 2009 by the Norwegian Investment Fund for Developing Countries (Norfund) and Amani Capital Limited. The fund specifically focuses on Kenya, Tanzania, Rwanda and Uganda. Sectors of interest include agri-business, healthcare, retail & consumer as well as education. The minority stake acquired in St Bakhita School was undisclosed.