South African fund buys into Kenyan data firm



The Standard | by Frankline Sunday


A South African investment fund Pembani Remgro Infrastructure Fund (PRIF) has acquired a 20 per cent stake in a Kenyan data storage firm, Icolo Ltd.

The move will see the firm expand its operations across the country.

In a notice in the Kenya Gazette last week, the Competition Authority of Kenya (CAK) said it had given nod to the multi-billion deal that first came into the limelight December last year…

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