A. Kuramo Capital has a footprint in over 30 countries in Africa, through direct investments into businesses and indirectly through fund managers. So far, we have raised approximately $500 million in funds, and over $3.5 billion in catalytic capital. These funds have supported over 200 companies and created over 50,000 jobs across the continent.
Q. | In every country in Africa where you have invested, name a few that have had the biggest impact in that country and the pan-African space.
A. In Kenya, we have invested in GenAfrica, the country’s largest pension fund manager, with over $3 billion in assets under management. GenAfrica provides attractive risk-adjusted returns as well as alternative investment products to further enhance returns, ensuring that Kenyan pensioners have reasonable retirement packages.
In the Democratic Republic of the Congo (DRC), we invested in Plantations et Huileries du Congo (PHC), the largest producer of palm oil, in a turnaround strategy to support the company to scale operations and continue supporting about 9,500 employees. To date, PHC is the second-largest employer in the DRC, and the country’s largest private employer, supporting over 10,000 families with jobs, in addition to providing education and health facilities.
This story is from the December 2023 - January 2024 edition of Forbes Africa.
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This story is from the December 2023 - January 2024 edition of Forbes Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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