This archive report was first published on 5 May 2020.
On May 5, 2020, East Africa-focused private equity firm Fanisi Capital made a significant investment in the education sector by acquiring a minority stake in St Bakhita Schools for Sh265 million ($2.5 million).
This investment marks the third time Fanisi Capital has invested in the education sector, following previous investments in Hillcrest International Schools and Kitengela International Schools.
According to Ayisi Makatiani, Managing Partner of Fanisi Capital, the schools align with the firm's investment strategy, which focuses on supporting ambitious entrepreneurs who provide high-quality education.
"Education is a core sector for Fanisi because it's the bedrock of growth of any economy," said Mr. Ayisi. "Together with Felista Mutinda, the school's founder, we are looking at building a network of schools across the region and we are excited about this prospect."
St Bakhita Schools, founded 16 years ago in Nairobi, has grown from a single kindergarten to operate three campuses with over 1,300 students. The school plans to open two additional campuses in the next five years.
Ms. Mutinda, the school's founder, expressed her vision of providing quality and affordable education from an early age, and the school is making strides towards achieving this goal.
