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Private Equity Firm KKR Plans To Invest $100 Million In Africa

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Mfonobong Nsehe
Mfonobong Nsehehttps://www.jozigist.co.za
Mfonobong Nsehe is currently Nigeria and Kenya advisor to Pilot Fish Media. He is also the CEO of Hodderway Group, a Kenyan-based private limited liability company focused on brokering and delivering attractive, large-ticket transactions in Africa to select blue chip international investment partners. He travels extensively across Africa every year, meeting and interviewing the continent's wealthiest entrepreneurs and tallying their net-worth for Forbes' annual rankings of the World's Richest People and Africa's Richest People. He is also a contributing writer for Jozi Gist. You can follow him @MfonobongNsehe and on Linkedin

KKR & Co, one of the largest private equity firms in the world, plans to invest as much as $100 million in Africa within the next one year, according to Reuters.

During a visit with a French business delegation to Nigeria, Dominique Lafont, a senior advisor at KKR, said the private equity firm is looking at investing in the agriculture and energy industry as well as in infrastructure projects.

krr
Henry Kravis, co-chairman, co-chief executive officer and co-founder of KKR & Co (Photo by Scott Olson/Getty Images)

“We want to use Nigeria as regional base and springboard for West Africa,” he said, according to Reuters. “We are not limited to one sector.”

KKR, which was founded in 1976 by Henry Kravis and George Roberts, now billionaires, and Jerome Kolhberg. Jr. (who died in August), would be following in the footsteps of firms like Carlyle Group and Blackstone, which have begun making investments in Africa.

Also published on Forbes.

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