Kenyan consumer goods company Kenafric Group has set up a corporate venture fund called Kenafric Ventures. The $10 million fund will invest in promising African consumer businesses, Business Today Kenya reported on Thursday.
Kenafric Group, a Kenyan consumer goods company, has launched a corporate venture fund called Kenafric Ventures, Business Today Kenya reported on Thursday. The fund is worth $10 million.
The fund will invest in promising African consumer businesses, according to the report. The report did not say how many companies the fund plans to back. It also gave no investment sizes or target countries.
Sources Business Today Kenya
Cookies
We use cookies to measure readership. They are only switched on if you agree. You can change your choice at any time at the bottom of the page. Privacy policy