Kenya's Centum invests USD 2mn in African Capital Alliance.

By bne IntelliNews September 9, 2011
Kenyan private equity firm Centum Investment has invested USD 2mn into Nigerian private equity fund African Capital Alliance (ACA), the Business Daily Africa reported. We were looking for partners to work with in West Africa as per our geographical diversification strategy and ACA were good to co-invest with given their experience in that market, Centum's chief executive, James Mworia, was quoted as saying. Centum, the largest quoted investment company in east Africa, has a portfolio currently valued at over USD 140mn and consists broadly of investments in private equity, listed equity and real estate. The African Capital Alliance, founded in 1997, has raised over USD 600mn in funds to date.

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