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NAIROBI: Private equity firm Fanisi Capital has bought a stake in a Tanzanian agro-processing company for $6 million (Sh600 million).
Fanisi said it had acquired a significant stake in Kijenge Animal Products Ltd - a maize flour-milling, animal feed-milling and poultry production firm based in Arusha. “This deal marks our first transaction in Tanzania and is in line with our sectoral focus area of agribusiness in the East African region,” said Fanisi Capital’s Managing Partner Tony Wainaina.
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