Amana Capital seeks Sh227m in new funding

Investors during a briefing. Amana is seeking to raise $2 million (Sh227.8 million) in the form of debt and/or equity. PHOTO | DIANA NGILA | NMG

Fund manager Amana capital is seeking to raise $2 million (Sh227.8 million) in the form of debt and/or equity.

The firm, which lost Sh275 million or a fifth of its managed funds when Nakumatt Holdings defaulted on its commercial paper, is looking for a consultant to help it raise the money.

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