Dubai Investments is set to invest $20 million (Sh2 billion) in a company that is building a chain of Sabis-branded private schools in multiple African countries including Kenya.
The investment firm now joins the original consortium of Centum Investment Company, Investbridge Capital and Sabis Education Network – the owner of the education franchise.
“Sabis has a long-standing history of offering quality schooling and is a respected name in global education landscape and this partnership will go a long way in opening school doors to millions across Africa,” Khalid Bin Kalban, the CEO of Dubai Investments, was quoted by Gulf News.
The consortium, investing through the holding company Africa Crest Education (ACE), is building its first school in Nairobi with a capacity to take in 2,000 students when it opens in September.
ACE plans to build a total of 20 schools in the medium term.