(Ecofin Agency) – Tana Africa Capital is pursuing its investment strategy in various promising sectors. Almost a month ago, the joint venture entered the healthcare sector in Egypt.
Tana Africa Capital (Tana), whose investment operations cover some twenty countries in Africa, integrates the continent’s brewing industry.
The joint venture owned by the South African family Oppenheimer and Singaporean investment firm Temasek Holdings has acquired a minority stake in London-based Kensington Distillers & Vintners (KDV), via Tana Africa Capital II (TAC II).Engaged in the manufacture and distribution of alcoholic beverages in South Africa, Kenya and Nigeria, KDV will work with the Tana team to continue its expansion and enter new African markets. “Our investment in KDV will enable the company to accelerate the growth of its activities in the main markets of South Africa, Nigeria and Kenya”, said Pieter Cilliers, director at Tana. The operation comes nearly a month after the investment in the Egyptian firm Mabaret, which operates two hospitals and a laboratory in Alexandria.
In Africa, Tana has invested in a portfolio spanning a variety of sectors ranging from FMCG and agribusiness to retail and healthcare. The investment firm, which has more than $ 400 million in assets under management, manages its activities on the continent from its offices in South Africa and Côte d’Ivoire.