Nimai Capital to Invest in Asia

  284 times read   1 min 13 sec to read
Nimai Capital to Invest in Asia

April 22: Dubai-based Nimai Capital has entered into a strategic alliance with Victoria Commercial Bank of Kenya to manage a unique private equity fund focused on investing into financial services opportunities in South Asia and Africa.

According to the company, the Nimai Emerging Financial Services Fund (NESF) is a US$ 150 million fund focused on the banking and financial services space in Africa and South Asia. The fund will invest in and actively manage a well-diversified portfolio of financial services opportunities and aim to improve the lives of at least 1.7 million underserved customers, reads a statement issued by the company.

The company further said that the initial target geographies for the fund will be Nepal, Bangladesh, Sri Lanka, India, Kenya, Tanzania and Ghana.

“While there is a strong need to develop financial services across all countries of Africa/Asia, these markets have been specifically chosen based on the existing presence/experience in these markets. The fund integrates investment expertise with deep operational capability and resources,” the statement added.

NESF’s operations will be regulated by the Cayman Islands Monetary Authority and will have the best in class advisors for corporate governance.

“We have firm belief that the fund will make a significant and positive impact in the lives of millions of families in addition to generating appropriate financial returns for investors,” the company said.

 

No comments yet. Be the first one to comment.