This archive report was first published on 11 November 2019.
On November 11, 2019, six social impact investors announced the raising of Sh2 billion for investment in various projects in Kenya.
The funds, to be managed by investment company Capria, were raised by Vulcan Capital, International Finance Corporation (IFC), Ford Foundation, Omidyar Network, Australian Government (Department of Foreign Affairs and Trade — DFAT), and Small Family Foundation.
According to Capria, the investors are eyeing technically-driven investments in businesses with sound management practices, a long-term view on sustainability, eco-friendly practices, and a community-centric approach.
“Opening an office in Nairobi indicates our serious commitment to the country. We are actively engaging with fund managers in Kenya with a view to disbursing the funds in education, employment, healthcare sectors among others. We are open to businesses that solve on-ground problems … that create an impact,” said a statement from the investors.
Capria, which opened its Kenya office late last year, aims to equip fund managers to become not just judicious investors but partners for their portfolio companies, driving successful start-up ecosystems and sustainable businesses in the regions of interest.
