Sterling Capital of Kenya Acquires 20% of Afvest: Business Daily

Interest in Afvest, an emerging markets private equity fund, is in line with Sterling Capital’s strategy to participate in startups, Nairobi-based newspaper reports, citing statement by investment bank.

* Sterling Capital didn’t disclose value of deal;
* NOTE: April 9, Sterling Capital of Kenya to Begin KES2b Fund This Year: Daily. Source: Bloomberg