ShoreCap invests 600m shillings in Nairobi- based Jamii Bora Bank, to gain stake of >15%, according to e-nmailed statement.
* Investment marks fund’s 10th in Africa, across 15 sub- Saharan African nations;
* “We believe Jamii Bora Bank’s strategic focus as an SME lender strongly resonates with our investment approach to deliver inclusive financial services,” Equator Capital Director of Africa Investments Nathalie Gabala says;
* NOTE: Jamii Bora’s biggest shareholders incl. Asterisk Holdings, with 24.1%, and Jamii Bora Scandinavia with 14.4%, according to lender’s website. Source: Bloomberg