A private school in Uganda. Dubai Investments is set to invest $20
million (Sh2 billion) in a company that is building a chain of private
schools in multiple African countries including Kenya and Uganda. FILE
PHOTO | NMG
Summary
- Investment firm now joins the original consortium of Centum Investment Company, Investbridge Capital and Sabis education network – the owner of the education franchise.
- The consortium, investing through the holding company Africa Crest Education (ACE), is building its first school in Nairobi with a capacity to take in 2,000 students when it opens in September.
- ACE plans to build a total of 20 schools in the medium term.
“Sabis has a long-standing history of offering quality schooling
and is a respected name in global education landscape and this
partnership will go a long way in opening school doors to millions
across Africa,” Khalid Bin Kalban, the CEO of Dubai Investments, was
quoted by Gulf News.
The consortium, investing
through the holding company Africa Crest Education (ACE), is building
its first school in Nairobi with a capacity to take in 2,000 students
when it opens in September.
ACE plans to build a total of 20 schools in the medium term.
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