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Dangote gets a piece of Kenya market with Java House deal
Africa’s richest man, Aliko Dangote, is set to get a piece of Kenya’s food and beverages market after a private equity (PE) backed by the Nigerian billionaire prepares to acquire restaurant chain Java House for an undisclosed amount.
Africa’s richest man Aliko Dangote is set to get a piece of Kenya’s food and beverages market after a private equity (PE) backed by the Nigerian billionaire prepares to acquire restaurant chain Java House for an undisclosed amount.
Mr Dangote, who is worth $27.4 billion (Sh3.54 trillion) according to the Bloomberg Billionaires Index, is among the investors backing Alterra Capital—the African-focused private equity fund that is seeking regulatory approval to acquire a majority stake in Java from UK-based Actis.
