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Kenya-based private equity house Fanisi Capital said on Thursday it had bought a stake in a Tanzanian agro-processing company for $6 million, expanding its footprint in the region.
Fanisi, which is focused on east Africa's fast-growing economies, said it had acquired a "significant minority stake" in Kijenge Animal Products Ltd - a mid-sized maize flour milling, animal feed milling and poultry production firm based in the northern Tanzanian town of Arusha.
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