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Java coffee chain sells majority stake to US equity firm

A Java coffee shop in Nairobi. Java recorded an annual growth of between 30 per cent and 40 per cent in the past five years. Photo/Fredrick Onyango

An American private equity firm has bought a majority stake in Nairobi Java House, marking a significant milestone for the 13-year old coffee chain that is set to expand to neighbouring countries.

Managing director of Emerging Capital Partners (ECP), Alex-Handrah Aimé, said in an interview with the Business Daily that the new capital injection will be used to finance the coffee chain’s local and regional expansion.

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