How Hewatele navigated cash crunch to raise Sh2.8bn

Hewatele oxygen Executive Chairman Bernard Olayo during the interview at his office in Nairobi on February 10, 2025. 

Photo credit: Lucy Wanjiru | Nation Media Group

Last year, amid Kenya's arguably worst credit crunch, Dr Bernard Olayo fundraised Sh2.8 billion to push his enterprise to the next growth phase.

To many entrepreneurs who have in the last few years had to make hard decisions to first cost-cut, then ultimately shut down their struggling enterprises as lenders shun them, it is an enviable fete. But for Dr Olayo it is a culmination of a strategy he has refined for over a decade.

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