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Burugus bag Sh1.2bn from sale of Runda school to SA company
The founders said the new owner is better placed to support the school with a capacity of 2,000 students to grow into the future, leveraging its expertise in the education sector and larger capital base.
Regis Runda Academy proprietors—Peter Burugu and Mary Burugu—have sold the school to South African multinational ADvTECH for Sh1.2 billion, marking one of the largest deals in Kenya’s private education market.
The transaction marks the latest expansion in Kenya by ADvTECH, which first acquired a 71 percent stake in Makini Schools from Mary Okelo at a cost of nearly Sh1 billion in 2018.
