Java back on sale as UK equity fund eyes billions

EAJAVAc

Customers at the Nairobi Java house along Koinange Street in Nairobi. PHOTO | PHOEBE OKALL | NMG

Restaurant chain Java House has been put on sale by UK-based private equity fund Actis for an undisclosed value expected to run into billions of shillings, three years after it was acquired from Dubai-based Abraaj Group.

Sources familiar with the transaction said Actis is looking for a buyer for its 100 percent stake in Java House in what could be another change of ownership at Kenya’s biggest coffee chain.

PAYE Tax Calculator

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