Fanisi Capital acquires $3m stake in Nairobi drugs chain

Kenya-based investment fund, Fanisi Capital, has made its first investment in the local pharmaceutical sector with a Sh262 million ($3 million) acquisition of a stake in retail pharmacy chain Haltons Limited.

Fanisi Capital CEO Ayisi Makatiani said the decision to invest in Haltons was informed by the latter’s experience in the pharmaceutical industry, especially in procurement of drugs.