Actis plans Sh10bn Garden City Mall stake sale

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A view of Garden City Mall along Thika superhighway. FILE PHOTO | LUCY WANJIRU | NMG

Private equity fund Actis is looking to raise up to $104.6 million (Sh14.7 billion) through an even split of debt and equity sale in its Garden City Mall and business park on Thika Road.

Actis outlined the capital move in a pitch for investment made to the Kenya Pension Funds Investment Consortium (Kepfic), in response to a call made in December 2022 for investment proposals from companies and project sponsors.

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