IFC invests Sh5bn in new Helios fund

Delegates during an International Finance Corporation meeting at a Nairobi hotel. PHOTO | DIANA NGILA | NMG

The International Finance Corporation is set to invest $50 million (Sh5 billion) in private equity firm Helios Investors which is raising funds for new investments across Africa.

Helios is seeking to raise a total of $1.25 billion (Sh126 billion) by September, targeting to deploy the capital in medium to large companies in which it will take minority to controlling stakes.

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