AA Kenya raises Sh81 million from cash call

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Automobile Association of Kenya (AA) employees led by their CEO Francis Theuri (in suit) at a past event. PHOTO | LUCY WANJIRU | NMG

Driving school firm AA Kenya has raised Sh81 million from its recent cash call, underperforming the target of Sh229 million. The capital-raising offer, which ran from October to November last year, represents a performance rate of 35.3 percent.

The board of AA Kenya said the new capital was raised in a difficult operating environment.

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