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Finance

Cameroon’s Enko Capital acquires stake in Kenya’s Software Technologie Ltd

Cameroon’s Enko Capital acquires stake in Kenya’s Software Technologie Ltd
  • Comments   -   Monday, 11 March 2019 14:16

(Business in Cameroon) - Cameroonian firm Enko capital, founded by brothers Alain and Cyrille Nkontchou, has just acquired shares in the capital of Kenyan company Software Technologie Ltd (STL), it is officially reported. The acquisition was made through subsidiary Enko Africa Private Equity Fund (EAPEF), the company’s African arm.

This is EAPEF's first investment in East Africa. But Enko, a pan-African investor, is also well positioned to facilitate cross-border growth in Africa and believes that STL's suite of software products will be well received in other key markets in Africa [...],” said Ralph Gilchrist who led the transaction on behalf of Enko Capital.

This is the 7th and latest investment, made by Enko Africa Private Equity Fund, which closed at $64 million (about XAF38 billion). Monies mainly go to companies operating in the finance and technology sectors in Africa.

BRM

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