The Star Sept 17
FA NISI Capital Ltd which manages Fanisi Venture Capital Fund, a $50 million (Sh4.4 billion) fund investing in the East African region, has announced the purchase of a significant stake in retail pharmacy chain Haltons Limited for $3 million (Sh261million) Haltons currently operates four retail outlets in Nairobi and plans to expand to Mombasa, Nakuru, Nyeri, Eldoret and Kisumu over the next two years.
“The partnership with Fanisi will provide the impetus needed to take Haltons through this growth path, establishing itself as a strong chain of branded pharmacies.
This is expected to make a positive contribution to the immediate community in the areas of health and economic development,” said Fanisi Capital managing partner Ayisi Makatiani. Haltons chief executive Louis Machogu said the deal with Fanisi was the beginning of a concerted drive to reposition the Haltons brand.
Read more…
Fanisi Capital acquires stake in local pharmaceutical retail chain
