Prime

Private Equity fund Africinvest buys 10 percent shareholding in I&M Group

i-m

I&M branch in Nairobi. FILE PHOTO | NMG

Profile Photo

By  Kepha Muiruri

Business Reporter

Nation Media Group

UK development finance institution British International Investment (BII) has reached a deal to sell its 10.13 percent stake in I&M Group to East Africa Growth Holding.

The buyer of the stake is an investment vehicle established by Africinvest Fund IV LLC, Africinvest IV Netherlands C.V. and AfricInvest Financial Inclusion Vehicle LLC.

Related

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Kenya cash outflows fall by Sh25bn on Trump NGO cuts

  2. Banking lobby chief on scaling private sector credit, rates outlook and recent sector reforms

  3. PRIME 'Odd was ordinary': The unusual life of Anselm Croze

  4. PRIME Banks term capital rules on large lenders ‘premature’

In the headlines

View All