Firm secures Sh11 billion to invest in EAC

NAIROBI, KENYA:Kenyan private equity house, Catalyst Principal Partners, has secured Sh10.6 billion ($125 million) to invest in the east African region over the next four years, it said.

The Catalyst Fund 1 will be invested in a range of consumer growth-related opportunities in the region, which has some of the fastest economic growth rates in the world, said Paul Kavuma, chief executive of Catalyst.