Fanisi Capital Receives Regulatory Approval to Invest in Ngare Narok Meat Industries (Sub-Saharan Africa)

Source: Business Daily Africa | Author(s): Kiarie Njoroge

East Africa-focused private equity and venture capital investor Fanisi Capital has received regulatory approval from the Competition Authority of Kenya to acquire a 40.2 percent stake in Kenya-based Ngare Narok Meat Industries. Ngare Narok Meat operates a modern abattoir, meat processing plant and rendering plant. Fanisi Capital reported in August that it intended to invest KES221 million (approximately US$2.4 million) in the company. The investment will enable the company to expand its production facilities and distribution network.