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Private equity eyes region with Sh16b war chest

East African Community and Regional Development Cabinet Secretary Adan Mohamed congratulates Catalyst Principal Partners Chief Executive Paul Kavuma following close of Catalyst Fund II. [Courtesy]

A regional-based private equity firm has raised Sh15.5 billion ($155 million) in capital commitments from international and regional investors in its second round of funding.

The new fund by Catalyst Principal Partners will focus on Kenya, Uganda, Tanzania, Ethiopia, Zambia, Rwanda and the Democratic Republic of Congo.

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