Fanisi Capital, an East Africa focused private equity firm has bought a stake worth Sh265 million from St Bakhita Schools.
This is the third stake that Fanisi Capital is acquiring in the education sector after Kitengela International Schools and Hillcrest International Schools.
According to Ayisi Makatiani, Fanisi managing partner, their strategy is to invest in aspiring entrepreneurs that provide high-quality education, and the said bought schools fit very well within their plans.
Fanisi’s capital plans in acquiring stakes in the education sector is to build a network of schools across the region.
“Education is a core sector for Fanisi because it’s the bedrock of growth of any economy. Together with Feliter Mutinda, the school’s founder, we are looking at building a network of schools across the region, and we are excited about this project,” said Ayisi.
St Bakhita Schools started as a kindergarten 16 years ago in Nairobi. The school was then expanded to accommodate three universities with 1300+ students. The school plans are to build two more universities in the coming five years.